Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Delhi High Court has directed Meta to clarify its policies regarding the Rights Manager tool amidst ongoing tensions in India's intermediate liability framework for copyright enforcement. This issue arises alongside recent amendments to the IT Rules, reshaping obligations of online platforms.
The Calcutta High Court ruled that a Cash Credit/Overdraft account cannot be classified as a Non-Performing Asset (NPA) unless it meets the criteria of being overdue for 90 days or is categorized as 'out of order'. This decision emphasizes the necessity of adherence to specific statutory provisions for NPA classification.
The CBDT has issued new rules under the Foreign Assets of Small Taxpayers Disclosure Scheme, enhancing compliance requirements for taxpayers while promoting transparency in foreign asset reporting.
The Kerala High Court ruled that a delay in filing a rectification application does not negate a taxpayer's entitlement to Input Tax Credit (ITC), reinforcing the importance of access to tax benefits.
The Calcutta High Court ruled that a Cash Credit or Overdraft account cannot be classified as a Non-Performing Asset (NPA) unless it meets the criteria of being overdue for 90 days or is deemed 'out of order.' This ruling reinforces the strict adherence to banking regulations concerning NPA categorization.
The Supreme Court has upheld the claims of a financial creditor regarding a commercial unit allotment made to settle service dues, emphasizing the importance of directing attention towards creditors' rightful claims under the IBC framework.
The Telangana High Court has affirmed that reassessment under the Income Tax Act can continue even after Corporate Insolvency Resolution Process (CIRP) approval, clarifying the limits of liability extinguishment post-resolution.
The Supreme Court has quashed IPC defamation proceedings against bank officers over an error in a SARFAESI notice. The Court held that vicarious liability does not apply, thereby protecting legitimate actions taken in good faith under the SARFAESI Act.
The Supreme Court limits writ jurisdiction in arbitration cases, specifying that writs can only be entertained in instances of a clear lack of jurisdiction. This ruling develops the understanding of the interplay between Section 16 objections and extraordinary relief in arbitration contexts.
The Delhi High Court granted the ALPHARD trademark well-known status, affirming its trans-border reputation and establishing a test for assessing such reputation in luxury markets.
In Saregama v. Ilaiyaraaja, the Delhi High Court provided clarity on the evidentiary threshold necessary to establish copyright ownership at the interim stage, although some ambiguity remains regarding assignment validity and rights in the digital age.
The Delhi High Court has taken steps to clarify the obligations of internet service providers (ISPs) regarding copyright enforcement amidst ongoing tensions with Section 79 of the IT Act. The court directed clarity from Meta concerning its Rights Manager tool policies, raising essential questions about intermediary liability.