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Bombay High Court Upholds Tax on Hire Purchase Components Under Bombay Sales Tax Act — Option Money, Insurance, and Hire Premium Included in Sale Price. Hire Purchase Transaction Constitutes a Sale and Resale Deduction Under Section 8 Not Available.

The case involves two sales tax references under the Bombay Sales Tax Act, 1959, arising from the Maharashtra Sales Tax Tribunal. The applicant, M/s. ...

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NCLAT Allows Appeal Against Exclusion of Personal Guarantors from CoC in CIRP of Corporate Debtor — Re-constitution of Committee of Creditors Set Aside. Personal Guarantors Are Not Members of Committee of Creditors Under Section 21(2) of Insolvency and Bankruptcy Code, 2016.

The National Company Law Appellate Tribunal (NCLAT) heard an appeal against an order of the Adjudicating Authority (NCLT, Chandigarh Bench) dated 01.0...

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High Court of Karnataka Allows Release of Passport in Criminal Case — Petitioner Granted Custody of Passport Subject to Conditions to Ensure Court Attendance. Passport Release Ordered Under Section 482 CrPC with Safeguards Against Absconding.

The petitioner, Sri Praveen Surendiran, filed a criminal petition under Section 482 of the Code of Criminal Procedure, 1973 (CrPC) before the High Cou...

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High Court of Karnataka Quashes SARFAESI Proceedings Against Company Under CIRP — Resolution Professional Entitled to Possession of Assets. Held that Section 14 of IBC overrides SARFAESI Act and other laws, and the moratorium under IBC bars any proceedings against the corporate debtor's assets.

The petitioner, M/s. Dreams Infra India Pvt. Ltd., represented by its Resolution Professional Sri Ashok Kriplani appointed by the National Company Law...

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High Court of Karnataka Dismisses State Appeals in Land Acquisition Case — Upholds Compensation Enhancement for Acquired Land. Court holds that belated acquisition proceedings and failure to pay compensation within five years render acquisition lapsed under Section 11A of the Land Acquisition Act, 1894.

The case involves a batch of writ appeals filed by the State of Karnataka and its authorities against the judgment of a learned Single Judge in land a...