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Supreme Court Allows Workman's Appeal on Distribution of Company Assets in Liquidation. Holds that Secured Creditors Have Pari Passu Charge Only Over Properties Specifically Charged, Not All Assets; Workmen Have Priority for Uncharged Properties Under Sections 529 and 529A Companies Act, 1956.

The dispute arose from the winding up of U.M.I. Special Steel Limited, a company registered under the Companies Act, 1956. The company became sick, an...

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High Court of Karnataka Adjudicates TDS Obligations of Turf Clubs on Stake Money Payments to Horse Owners under Income Tax Act. Interpretation of Section 194B and CBDT Circulars Central to Dispute over Characterization of Stake Money as Winnings.

The case involved writ petitions filed by Bangalore Turf Club Limited, Mysore Race Club Limited, Karnataka Race Horse Owners Association, and an indiv...

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High Court of Karnataka Disposes of Batch of Writ Appeals Filed Under Karnataka High Court Act Against Single Judge Order in BDA Matter. The Court’s decision and specific legal findings are not provided in the extracted text.

The High Court of Karnataka at Bengaluru, constituted by Justice B.V. Nagarathna and Justice N.S. Sanjay Gowda, heard a batch of writ appeals on 26th ...

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Bombay High Court Quashes Reassessment Notices and Orders Under Section 153 of Income Tax Act, 1961 for Lack of Valid Sanction and Non-Application of Mind. Reassessment proceedings initiated without proper approval under Section 151(2) and based on borrowed satisfaction are invalid.

The petitioner, Ashok Commercial Enterprises, filed nine writ petitions challenging reassessment notices dated 19th July 2021 and 14th July 2021 issue...

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Supreme Court Allows Appeals Against Quashing of Prosecution of Municipal Commissioners Under Water Pollution Act. Holds That Commissioner of City Municipal Council and Chief Officers Are 'Head of Department' Under Section 48 of Water (Prevention and Control of Pollution) Act, 1974.

The Karnataka State Pollution Control Board filed complaints against the City Municipal Council, Krishnarajapuram, Bangalore, and its Commissioner (B....

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Supreme Court Allows Appeals in Urban Land Ceiling Case — Upholds Vesting of Land in State and Rejects Ownership Claim. The Court held that the plaintiffs failed to prove their title and that the suit was barred by res judicata and limitation.

The case involves a dispute over land bearing No.73, Canal Circular Road, Calcutta, which was part of a larger parcel of land. The plaintiffs, claimin...