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Supreme Court Allows Appeal of Resolution Professional in IBC Moratorium Dispute. Section 14(1)(d) of Insolvency and Bankruptcy Code, 2016 prohibits owner from recovering property occupied by corporate debtor during moratorium, even under joint development agreement.

The appeal arose from a dispute concerning the interpretation of Section 14(1)(d) of the Insolvency and Bankruptcy Code, 2016 (IBC). The appellant, Ra...

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Bombay High Court Hears Writ Petition Challenging Validity of Reopening Notice Under Section 148 of Income Tax Act for Assessment Year 2015-16. The Reopening Based on Alleged Escaped Income from Capital Reduction Transaction Is Contested on Grounds of Full Disclosure During Original Assessment.

The petitioner, an investment holding company incorporated in Singapore and under creditors' voluntary liquidation, held shares in Lehman Brothers Cap...

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Bombay High Court Allows Revenue's Appeal in Income Tax Case - Holding Period for Long-Term Capital Gains Determined by Section 2(42A) Explanation 1. Indexation Benefit Requires Asset Held for More Than 36 Months; Inherited Property's Holding Period Includes Previous Owner's Period.

The case involves an appeal by the Commissioner of Income Tax against an order of the Income Tax Appellate Tribunal (ITAT) regarding the computation o...

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Supreme Court Upholds Customary Puja Bonus Despite Ex Gratia Declarations. Puja Bonus Recognized as Customary Payment When Unbroken Series, Long Period, Uniform Rate, and Paid in Loss Years, Even if Employer Previously Labeled it Ex Gratia.

The dispute arose between Graham Trading Co. (India) Ltd., the employer, and its workmen regarding the payment of puja bonus for the year 1953. The co...

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Bombay High Court Dismisses Petition Seeking Concurrency of Sentences in Multiple Convictions for Theft and Forgery. Court holds that Section 427(1) CrPC does not mandate concurrency for distinct transactions and that the trial court's discretion to order consecutive sentences was justified.

The petitioner, Abidkhan @ Salman Mukhtar Khan Pathan, was convicted in three separate criminal cases (C.C. Nos.664/PW/2011, 665/PW/2011, and 666/PW/2...

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Supreme Court Allows Appeal Against High Court Order Holding Anticipatory Bail Maintainable Despite Custody in Another Case. Person in Custody Cannot Apprehend Arrest and Thus Cannot Seek Pre-Arrest Bail Under Section 438 CrPC.

The Supreme Court considered the question of whether an application for anticipatory bail under Section 438 of the Code of Criminal Procedure, 1973 (C...