The Supreme Court held that an outgoing partner’s share in a dissolved firm’s immovable assets must be valued at the time of final assessment, not frozen at the date of dissolution, and that a reconstituted firm cannot retain the assets without settling the outgoing partner’s share.
Read Full ArticleThe Supreme Court has held that homebuyers and a Successful Resolution Applicant cannot be penalised for a developer’s default, waiving NOIDA’s time extension charges and setting aside the NCLAT direction treating them as CIRP costs.
The Supreme Court has quashed a GST show cause notice against Tata Steel, holding that extended limitation under Section 74 cannot be invoked through mere allegations of suppression without foundational facts.
Delhi High Court directs refund of over ₹53 crore to Vodafone Idea, holding that Form 26B cannot be insisted upon for refunds arising from assessment or appellate orders.
Bombay High Court releases Skoda Auto Volkswagen's tax writ petition after reserved judgment remained pending for over a year, citing Supreme Court timelines.
Supreme Court upholds redaction of RIL witness affidavits in the long-pending NTPC gas supply suit and imposes ₹10 lakh costs, urging expeditious disposal.
Bombay High Court issues notice to SBI and ED on Vijay Mallya's plea challenging an order allowing confiscated assets to be used for recovery of bank dues.
Karnataka HC stays govt order capping movie ticket prices at ₹200, citing violation of constitutional rights and lack of legal authority.
The Senior Citizen Rights Handbook is a comprehensive guide designed to empower elderly citizens with clear and accessible knowledge of their legal and social rights in India.
![Outgoing Partner’s Share Must Reflect Current Value Of Firm’s Assets: SC [Read Judgment]](/secure/uploads/2026/09/lj_7310_Outgoing_Partners_Share.webp)
![Homebuyers Cannot Be Penalised For Developer’s Default: Supreme Court Waives NOIDA’s Time Extension Charges [Read Judgment]](/secure/uploads/2026/09/lj_2547_Homebuyers_Cannot_Be_Penalised.webp)
![SC Dismisses RIL Appeal Over Redaction of Affidavits in NTPC Gas Suit, Imposes ₹10 Lakh Costs [Read Judgment]](/secure/uploads/2026/08/lj_9170_ChatGPT_Image_Aug_15,_2026,_03_14_38_AM.webp)
![Bombay HC Issues Notice to SBI, ED on Vijay Mallya's Plea Against Asset Recovery Order [Read Order]](/secure/uploads/2026/08/lj_6796_ChatGPT_Image_Aug_15,_2026,_02_11_05_AM.webp)
