Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The NCLT has ordered the liquidation of a corporate debtor following the rejection of its only resolution plan by the Committee of Creditors (CoC). This ruling outlines the procedure in case of plan rejections.
The NCLAT has upheld the admission of insolvency by emphasizing that operational debts cannot be offset by pre-existing disputes over supply delays or defects. The ruling clarifies the applicability of the IBC regarding admitted debts.
The NCLT Principal Bench has ordered the dissolution of AVJ Infrastructure following the completion of its liquidation process. This ruling confirms the eligibility for dissolution under Section 54 of the IBC.
The NCLT Principal Bench has permitted the dissolution of a corporate debtor after the assignment of avoidance proceedings and remaining assets during the liquidation process. This ruling highlights the conditions under which dissolution can be deemed valid.
The ITAT has ruled that Joint Development Agreements and occupancy certificates disclosed before IT searches cannot be deemed incriminating material under Section 153A of the Income Tax Act, impacting the scope of tax searches.
The ITAT Bangalore contended that Section 45(5A) of the Income Tax Act does not apply retrospectively, allowing tax practitioners to navigate JDAs executed before April 1, 2018 without retrospective capital gains tax implications.
The ITAT Delhi has ruled that the recent amendment to Section 32(1)(ii) of the Income Tax Act regarding goodwill will apply prospectively. This decision guarantees tax depreciation on goodwill acquired prior to the amendment.
The RBI has sanctioned the voluntary amalgamation of The Bhavani Sahakari Bank Ltd., Mumbai, with TJSB Sahakari Bank Ltd., effective May 4, 2026.
The Delhi High Court's recent pro-tem order in the Malikie v. Xiaomi case signifies ongoing challenges in determining fair, reasonable, and non-discriminatory (FRAND) terms for standard essential patents (SEPs).
The Calcutta High Court has upheld the economic rights of authors over their works in a recent ruling, emphasizing the intent behind the copyright amendments of 2012.
The Delhi High Court addressed the complexities surrounding Section 3(k) of the Indian Patents Act in the case Blackberry v. Controller. Despite previous guidelines, the interpretation of patentability remains unclear.
SEBI has provided important clarifications regarding the status of Special Purpose Vehicles (SPVs) under InvITs, allowing them to retain SPV status even post-concessiontermination, along with prescribing timelines for project exit or restructuring.