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Supreme Court Upholds NCLAT Decision Setting Aside NCLT Orders Approving Resolution Plans for Earth Infrastructures Limited. Dispute Involves GNIDA's Claim Over Land Leased to Special Purpose Company and Its Subsidiaries, and the Validity of Resolution Plans Under IBC.

The Supreme Court of India heard a batch of civil appeals arising from a judgment of the National Company Law Appellate Tribunal (NCLAT) dated 30.01.2...

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High Court Quashes PMLA Proceedings Against Advocate Applicant in Money Laundering Case Involving Anil Deshmukh -- Properties Purchased in 2005-2007 Have No Nexus with Alleged 2020-2021 Proceeds of Crime

The High Court allowed the criminal application filed by Applicant under Section 482 of the Cr.P.C., quashing the process issued against him by the De...

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Bombay High Court Allows Appeal in Commercial Contract Dispute — Remands Suit for Fresh Consideration on Merits. Failure to Frame Issues and Conduct Trial Rendered Decree Unsustainable Under Order 41 Rule 23 CPC.

The present Commercial Appeal arises from a judgment and decree dated 09/08/2019 passed by the learned District Judge-1, Jalna, in Commercial Suit No....

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Supreme Court Dismisses Appeals by State Power Entities Against APTEL Order Deleting Misdeclaration Penalty. Penalty for Misdeclaration of Declared Capacity Requires Proof of Intent or Negligence Under Punjab State Grid Code Regulations.

The case involves appeals by Punjab State Load Despatch Centre (PSLDC) and Punjab State Power Corporation Limited (PSPCL) against the judgment of the ...

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High Court of Karnataka Quashes Service Tax Demand on Payment Aggregator Services for FY 2015-16. Services Provided by FIS Payment Solutions to Acquiring Banks for Settlement of Card Transactions Held Not Taxable as 'Business Auxiliary Service' Under Finance Act, 1994.

The petitioner, FIS Payment Solutions and Services India Private Limited, a company incorporated under the Companies Act, 1956, provides payment aggre...

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High Court of Karnataka Dismisses Revenue's Appeal in Income Tax Case — Completed Contract Method Upheld. The court upheld the tribunal's decision allowing the assessee to adopt completed contract method for Assessment Year 1997-98 under Section 145 of the Income Tax Act, 1961.

The appeal was filed by the Revenue under Section 260A of the Income Tax Act, 1961 against the order of the Income Tax Appellate Tribunal dated 13.01....

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Bombay High Court Upholds Appointment of Court Receiver in Redevelopment Dispute Between Society, Developer, and Occupants. Court Directs Handover of Possession Subject to Payment of Compensation Under Development Agreement.

The appeal arose from a judgment of a learned Single Judge appointing the Court Receiver as Receiver of two flats occupied by the appellants and direc...

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Bombay High Court Dismisses Insurance Company's Appeal in Motor Accident Claim, Upholds Compensation for Deceased Motorcyclist. No Contributory Negligence Found as Maruti Car Driver Was Solely Negligent, and Compensation Based on Income Tax Returns and Multiplier of 10 Was Proper.

The case arises from a motor accident on 7th August 1994, when Rajendra, the deceased, was riding a Hero Honda motorcycle and was hit by a Maruti car ...

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Bombay High Court Allows Scheme for Small Fixed Deposit Holders in Winding-Up Petition Against Lloyds Finance Ltd. — Court directs framing of scheme to repay small depositors instead of winding up the company, considering that winding up would leave no recovery for any creditor.

The judgment arises from a winding-up petition filed by Shri Basant Lal Agarwal against M/s. Lloyds Finance Ltd. for recovery of Rs. 3,75,00,000 advan...