Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Bombay High Court ruled that the moratorium under Section 14 of the IBC does not prevent deemed conveyance under Section 11 of the MOFA, restoring the society's application related to the matter.
The NCLT has admitted a Corporate Insolvency Resolution Process (CIRP) petition after determining that failure to deliver possession within the promised timeline constitutes financial default.
The NCLT has ruled that delays from RERA proceedings cannot bar homebuyers from initiating insolvency proceedings against developers.
The Karnataka High Court ruled that KPTCL cannot unilaterally revise supervision charges payable by consumers for self-executed electrical works. The court quashed a demand notice of ₹1.2 crore issued to Anushka Realty, emphasizing that any charge revision requires approval from the Karnataka Electricity Regulatory Commission (KERC).
The Kerala High Court ruled that SARFAESI recovery procedures do not require approval from the National Trust for properties of disabled wards, allowing petitioners to seek relief from the Debt Recovery Tribunal.
The Madras High Court has restrained construction of a church near a century-old temple, noting a pending civil suit and the need to maintain status quo until the resolution of the land dispute.
The Bombay High Court has referred the issue of delay condonation in landlords' revisions under the Maharashtra Rent Control Act to a larger bench. This follows a writ petition by a retired army officer seeking tenant eviction.
The Bombay High Court has ruled in favor of returning a shop taken for election purposes in 1956 to the tenant's family. Justice Rajesh S. Patil ordered the landlords to vacate the property within eight weeks, emphasizing that there was no evidence of tenancy surrender.
The Bombay High Court ruled that compensation under the National Highways Act is exempt from TDS as per the Land Acquisition Act. This decision quashed earlier orders imposing TDS deductions.
SEBI clarified that Infrastructure Investment Trusts (InvITs) can borrow beyond 49% of asset value for capital expansion and eligible debt refinancing, enhancing investment flexibility.
The SAFEMA Appellate Tribunal ruled that purchasing flats under third-party names using one's own funds constitutes a benami transaction. This interpretation relates to Section 2(9)(A) of the amended Benami Act.
The SAFEMA Appellate Tribunal ruled that assets belonging to an alleged abettor cannot be attached under the PBPT Act unless proven to be benami properties independently. The tribunal emphasized that the Act allows for attachment only of benami properties held by a benamidar.