Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
Maharashtra’s 2025 amendment limiting lifetime trustees in public trusts has implications for corporate governance structures where trusts hold controlling stakes, notably Tata Sons. Legal debate centres on whether the move is reform or legislative overreach.
Justice BV Nagarathna emphasized rehabilitation over punishment in juvenile justice, stating that the system must protect children even when they commit offences. She highlighted systemic challenges in implementation and the need for holistic reform.
RBI now requires all goods and services exporters to file an Electronic Declaration Form (EDF) with their designated banks as a precondition for realization of export proceeds.
ICAI removed a CA's name from the register for one year for audit failures related to non-reporting of material financial irregularities and going concern risks in a case involving ₹1,150 crore siphoning.
The Himachal Pradesh High Court held that admission of signature on a blank cheque raises a statutory presumption of liability under Section 139 of the Negotiable Instruments Act, which, if unrebutted, supports conviction.
NCLT approved voluntary liquidation after full debt settlement but held directors liable for future dues beyond the ₹14.99 lakh fund, preserving post-liquidation accountability.
Himachal Pradesh High Court upheld acquittal under Section 138 of the Negotiable Instruments Act, ruling that complainant failed to prove financial capacity to advance the alleged loan.
NCLT admitted a ₹32.35 crore CIRP application despite procedural defects in Form-1, ruling that such errors are curable if the existence of debt and default are established by records.
The Gujarat High Court has held that reopening a completed assessment is invalid if based solely on a misreading of the audit report or mere change of opinion, absent fresh material indicating escapement of income.
The Calcutta High Court has quashed a transfer pricing order under Section 92CA(3) of the Income Tax Act, holding that the failure to grant a mandatory personal hearing and record reasons vitiated the proceedings.
Himachal Pradesh High Court upheld acquittal under Section 138 of the NI Act, ruling that complainant failed to prove financial capacity to advance the alleged loan, undermining the claim of legally recoverable debt.
Himachal Pradesh High Court held that admission of signature on a blank signed cheque invokes statutory presumption under Section 139 of the Negotiable Instruments Act, shifting burden to the accused to rebut it.