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Supreme Court Allows Appeal of SBI Consortium in Corporate Guarantee Dispute Under IBC. Corporate Guarantees Executed by Corporate Debtor Constitute Financial Debt Under Section 5(8) of IBC, 2016, and Are Enforceable Despite Timing and Stamping Objections.

The Supreme Court allowed the appeal filed by the Appellant Consortium against the order of the National Company Law Appellate Tribunal (NCLAT) which ...

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Applicability of Coastal Regulation Zone (CRZ) Restrictions – Leasehold Property – Market Valuation – Stamp Duty Deficit – Maharashtra Stamp Act, 1958

A recital affecting market value must be expressly mentioned in the instrument itself or clearly referenced in an annexure to be considered for stamp ...

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Partition Dispute Judgment: Unregistered Partition Deed Not Subject to Stamp Duty and Penalty Requirement. The Bombay High Court held that an unregistered partition deed recording a family arrangement does not require impounding for stamp duty or registration, and ordered a refund of penalties.

The High Court in this Writ Petition addressed the legality of an order by the trial Court that sent an unregistered partition deed to the Collector o...

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Bombay High Court Acquits Appellant in Corruption Case Due to Lack of Proof of Demand and Acceptance. Conviction under Sections 7 and 13(1)(d) of Prevention of Corruption Act, 1988 Set Aside as Prosecution Failed to Prove Demand and Acceptance Beyond Reasonable Doubt.

The appellant, Shashikant Piraji Sonawane, was convicted by the Special Judge for Greater Bombay under Sections 7 and 13(1)(d) of the Prevention of Co...

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Bombay High Court Upholds Conviction for Counterfeiting Currency Notes but Acquits Some Accused of Criminal Conspiracy. Court holds that possession and use of counterfeit currency notes without proof of conspiracy does not attract Section 120B IPC.

The case involves two appeals arising from Sessions Case No.126/2006 decided by the Additional Sessions Judge, Ahmednagar. The first appeal was filed ...

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Bombay High Court Dismisses Appeal in Stamp Duty Dispute — Agreement for Sale Without Possession Delivery Not a Conveyance Under Article 25 Schedule I of Bombay Stamp Act, 1958. Document Dated 03/3/2000 Held to Be Mere Agreement for Sale, Not Requiring Stamp Duty as Conveyance.

The case involves a Letters Patent Appeal filed by the appellants (legal representatives of the original defendant) against a judgment of a learned Si...