AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
FeaturedThe Supreme Court has ruled that a late deposit of the Foreign Travel Tax (FTT) by Saudi Arabian Airlines does not amount to a tax failure, thereby quashing a penalty of Rs. 71 lakhs imposed under Section 38(3) of the Finance Act.
FeaturedThe Controller General of Patents, Designs, and Trademarks (CGPDTM) has issued new guidelines regulating AI usage in patent examinations. This marks a significant step towards integrating technology while ensuring human oversight is maintained.
FeaturedSubhash Chandra has appealed against a recent NCLT decision reducing his liability from ₹22,000 crore to ₹6.25 crore. Creditors are expressing strong discontent, claiming the ruling significantly undermines their recovery prospects.
FeaturedThe Supreme Court of India has ruled that the pre-2008 Section 79 of the IT Act does not provide immunity to intermediaries against defamation claims under the IPC, allowing factual issues to proceed to trial.
FeaturedThe Supreme Court of India ruled that the pre-2008 Section 79 of the IT Act does not provide immunity to intermediaries from defamation claims under the IPC. The ruling allows the matter to proceed to trial, highlighting the legal responsibilities of intermediaries.
FeaturedThe NCLT has significantly reduced Subhash Chandra's liability in an insolvency case, scaling down claims from over ₹22,000 crore to ₹6.25 crore, indicating a drastic 99.97% haircut for creditors.
FeaturedThe NCLT has ordered liquidation after the Resolution Applicant failed to furnish a mandatory Performance Bank Guarantee, rendering the resolution plan non-responsive.
FeaturedThe NCLT dismissed a ₹7 crore resolution plan, finding it failed to protect statutory entitlements of dissenting creditors under Section 30(2)(b) of the IBC.
FeaturedThe Securities Appellate Tribunal (SAT) has set aside SEBI's rejection of an open offer withdrawal, remitting the matter for a speaking order. The tribunal found that crucial material submissions were not considered by SEBI.
FeaturedIn a notable ruling, NCLT Mumbai has granted a waiver to a 4.65% minority shareholder from the Section 244 threshold for pursuing oppression claims, establishing a precedent for minority shareholder rights.
FeaturedThe NCLT Delhi has sanctioned a capital reduction and reorganization scheme under Sections 230-232 of the Companies Act for Western UP Tollway. This development is integral for the financial restructuring of the company.
FeaturedThe NCLAT Delhi has, by a 2:1 majority, upheld a corporate debtor's existing easementary right of way during the liquidation process, affirming the NCLT's jurisdiction under Section 60(5)(c) of the Insolvency and Bankruptcy Code (IBC). This ruling emphasizes the significance of maintaining pre-existing rights in corporate insolvency scenarios.
FeaturedThe Supreme Court has quashed Gujarat High Court directions that compelled CWC to accept the relocation of its warehouse. The matter has been remitted for fresh consideration.