Search Results for Tag : REs

Events

Conflict of interest: CCI members attend Assocham conference(07.08.2015)

Members of the Competition Commission of India participated in a conference organised by parties that have cases pending before the Commission. Held, .....

Tags : competition, conflict of interest

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Manupatra Webinar: Search Results and Judgment Template(13.10.2015)

Registration for Manupatra's Webinar on the 13th of October, 2015 is open. Conducted from 4.00pm to 4.30pm, the session will show you how to get the m.....

Tags : Webinar, October, 2015, search results

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Statute

Amendments in Compensatory Afforestation Fund Bill 2015(20.04.2016)

The Union Cabinet approved amendments to the read»

The Rights of Transgender Persons Bill, 2015(31.12.2015)

Approved by the Rajya Sabha earlier in the year, The Rights of Transgender Persons Bill, 201.....

Tags : Social justice, transgender, bill 2015, reservation

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Blast from the Past

Winding a fine line between ‘public interest’ and interest(02.08.2004)

Tobacco advertising occupies a grey area in the debate on moral policing. On the one hand is consumer will and freedom to consume a legal substance, o.....

Tags : Pan masala, public interest, ban, state

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Winding a fine line between ‘public interest’ and interest(02.08.2004)

Tobacco advertising occupies a grey area in the debate on moral policing. On the one hand is consumer will and freedom to consume a legal substance, o.....

Tags : Pan masala, public interest, ban, state

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India’s love affair with speed mountains(01.01.1988)

Creaking springs, broken track rods, bent camber and toe fittings and your ruined back. Indian ‘speed mountains’ - officially called speed breakers - .....

Tags : indian roads congress, speed breakers

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Protecting ‘morality’: Sparks in the wrong powder keg(30.03.1989)

The Central Board of Film Certification’s trimming of movies to conform to the ‘morals of society’ may occasionally lead to ‘silent’, blurry and somew.....

Tags : Film certification, intolerance, freedom of expression

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How long does a “caretaker” committee function(07.11.1960)

The Supreme Court of India in 1960 was required to answer whether a municipal committee could continue exercise of its authority after the Act by whic.....

Tags : hyderabad, municipal committee, tenure, repeal, ultra vires

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Abrogating the right to demonstrations(07.07.1958)

Striking and protesting, recognised as purveyors of social change in the country basically borne from them, are both a scourge and boon. How much so w.....

Tags : Demonstration, freedom of expression, government servant

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Top Story

Service Charge for dining in restaurants discretionary: Government(02.01.2017)

In a move, benefitting the consumers, Government has announced, that ‘service charges’, levied by restaurants along with other taxes, are discretionar.....

Tags : Service charge, Restaurant, Discretionary

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RBI Revised Prompt Corrective Action (PCA) Framework(13.04.2017)

RBI has issued Revised Prompt Corrective Action (PCA) framework for banks which will override existing PCA framework. New set of provisions will be ef.....

Tags : Framework, Issuance, Restrictions

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India - Russia annual bilateral summit held in October, 2018(05.10.2018)

Prime Minister of India Mr. Narendra Modi and President of the Russian Federation Mr. Vladimir V. Putin met for the 19th edition of the Annual Bilater.....

Tags : Bilateral summit, Russian President, Visit

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MCA mandates issue & transfer of shares in dematerialised form only(11.09.2018)

The Ministry of Corporate Affairs (MCA) has notified that with effect from 2nd October, 2018, issue of further shares and transfer of all shares by un.....

Tags : Shares, Demat form, Mandatory

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Supreme Court allows Live streaming of Court proceedings(26.09.2018)

In a landmark verdict, Supreme Court declared case proceedings of “constitutional importance having an impact on the public at large would be live str.....

Tags : Proceedings, Live-streaming, Public interest

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President’s Rule in Uttarakhand to stay for now(22.04.2016)

The Supreme Court put paid to hopes that President’s Rule in the State of Uttarakhand will be a short one. It stayed an order of the Uttarakhand High .....

Tags : president’s rule, uttarakhand, appropriation bill

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Ministry of Women and Child Development links Portal 'SHe-Box' to central/ state ministries and districts for speedy disposal of cases(22.11.2018)

The Ministry of Women and Child Development (MWCD) has linked SHe-Box, the online portal to report complaints of Sexual Harassment at Workplace, to al.....

Tags : She-box, Linkage, Complaint, Redressal

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Cancer Research Initiative signed between India-UK(14.11.2018)

The 5-year bilateral research initiative on cancer signed between India-UK. Initiative is launched by the Department of Biotechnology (DBT), Ministry .....

Tags : MOU, Research Initiative, Cancer

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President of India gives assent on amendments introduced to the Indian Stamp Act, 1899(21.02.2019)

The President of India, gave his assent to the proposed amendments in Indian Stamp Act, 1899. The amendment aims to rationalise and harmonise the syst.....

Tags : Amendment, Stamp duty, President, Assent

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Supreme Court strikes down RBI Circular imposing stringent conditions on lenders(02.04.2019)

Supreme Court has quashed circular passed by RBI on 12thFebruary, 2018, asking banks to classify a loan account as stressed, if there was even a day o.....

Tags : Circular, Condition, Ultra vires

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Union Finance Minister Presents First Budget of New Government(05.07.2019)

The Union Finance Minister, Nirmala Sitharaman has presented first budget after the formation of new Government. Nirmala Sitharaman is the second woma.....

Tags : Budget, Presentation, Highlights

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Centre notifies Regulations for Insolvency Resolution and Bankruptcy Proceedings of Personal Guarantors to Corporate Debtors(20.11.2019)

The Insolvency and Bankruptcy Board of India (IBBI) notifies Regulations for Insolvency Resolution and Bankruptcy Proceedings of Personal Guarantors t.....

Tags : New Rules, Insolvency Resolution, Corporate debtors

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SC asks BJP to exit state right(13.07.2016)

The Supreme Court concluded the proceedings of the Governor of Arunachal Pradesh during the 6th session of the State’s Legislative Assembly to be in v.....

Tags : arunachal pradesh, president’s rule, unconstitutional, disqualification

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Interest on delayed GST payment will now be calculated on net tax liability(15.02.2020)

The Central Board of Indirect Taxes and Customs (CBIC) released a statement clarifying that, interest payable on delayed payment of GST will be calcul.....

Tags : Tax liability, Interest, Delayed payment

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Government provides GST relief to mitigate impact of Covid-19 on MSMEs(12.06.2020)

The Novel Coronavirus (COVID- 19) and its spread are causing severe disruption to society and to most of the businesses across the globe. Ongoing covi.....

Tags : GST relief, Measures, Waiver, Fees

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President Promulgates Banking Regulation (Amendment) Ordinance, 2020(27.06.2020)

In order to ensure safety of depositors across banks, the President has promulgated the Banking Regulation (Amendment) Ordinance, 2020. The Ordinance.....

Tags : Ordinance, Interest, Depositors

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Government suspends IBC qua fresh bankruptcy proceedings amid covid pandemic(05.06.2020)

In an unprecedented move, the Government of India has suspended fresh proceedings under Sections 7, 9 and 10 of the Insolvency and Bankruptcy Code, 20.....

Tags : Fresh proceedings, Suspension, IBC

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Central Government notifies Companies (CSR) Rules, 2021(22.01.2021)

The Central Government amends the Companies (Corporate Social Responsibility Policy) Rules, 2014. These rules may be called the Companies (Corporate S.....

Tags : Social Responsibility, Rules, Amendment

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Central Government exempts certain non-residents from furnishing ITR(11.10.2021)

The Central Government exempts certain class of persons, subject to the conditions, from the requirement of furnishing a return of income under sub-se.....

Tags : ITR, Exemption, Non-residents

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SEBI Introduces special situation funds under Alternative Investment Funds Regulation(27.01.2022)

SEBI (Alternative Investment Funds) Regulations, 2012 ("AIF Regulations"), have been amended and notified on January 24, 2022, to introduce Special Si.....

Tags : Introduction, SSF, Interest, Investor

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Reserve Bank of Indiaannouncesvarious measures to enhance forex inflows(06.07.2022)

The Reserve Bank has been continuously monitoring the liquidity conditions in the forex market and has now stepped in to alleviate dollar tightness wi.....

Tags : Forex inflows, Measures, Announcement

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G20 document prepared by World Bank highlights India’s progress in Digital Public Infrastructure(08.09.2023)

Digital Public Infrastructure (DPI) has had a transformative impact on India, extending far beyond inclusive finance. The G20 Global Partnership for F.....

Tags : G20 document, DPI, Progress

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RBI finalises the framework for recognising Self-Regulatory Organisations (SRO) for its Regulated Entities(21.03.2024)

Reserve Bank of India has finalised the Omnibus Framework for recognising Self-Regulatory Organisations (SRO) for its Regulated Entities. SROs enhance.....

Tags : SRO, REs, Framework

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RBI finalises the framework for recognising Self-Regulatory Organisations (SRO) for its Regulated Entities(21.03.2024)

Reserve Bank of India has finalised the Omnibus Framework for recognising Self-Regulatory Organisations (SRO) for its Regulated Entities. SROs enhance.....

Tags : SRO, REs, Framework

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Department for Promotion of Industry and Internal Trade undertakes measures to encourage Manufacturing Incubators for Startups(31.05.2024)

The Department for Promotion of Industry and Internal Trade (DPIIT) is undertaking various measures to encourage the startup ecosystem and the industr.....

Tags : Startup ecosystem, Manufacturing, Measures

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CBDT issues clarification in respect of residential status of certain individuals under Income-Tax Act, 1961(04.03.2021)

The Central Board of Direct taxes (CBDT) issues clarification in respect of Residency under the Income tax Act, 1962 (IT Act). The Board has received .....

Tags : Clarification, Issuance, Residential status

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Reserve Bank of India releases draft direction on the prudential framework applicable to financing of project loans(03.05.2024)

With a view to strengthen the extant regulatory framework governing project finance and to harmonise the instructions across all regulated entities, R.....

Tags : RBI, Net Present Value, NPV

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RBI reviews instructions relating to interest on overdue domestic deposits(02.07.2021)

Reserve Bank of India (RBI) has issued the review of instructions on Interest on overdue domestic deposits. RBI’s decision to allow banks to offer the.....

Tags : Interest, Deposit, Instruction

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Central Board of Direct Taxes amends the Income-tax Rules, 1962 for faster resolution of disputes in terms of tax treaties(06.05.2020)

The Central Board of Direct Taxes amends the Income-tax Rules, 1962 aiming to speed-up dispute resolution and settle cases of multinational corporatio.....

Tags : Rules, Amendment, Dispute resolution

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RBI imposes restriction on Mastercard from on-boarding new domestic customers(14.07.2021)

The Reserve Bank of India (RBI) has imposed restrictions on Mastercard Asia / Pacific Pte. Limited (Mastercard) from on-boarding new domestic customer.....

Tags : Supervisory action, Restrictions, Mastercard

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52nd GST Council recommends changes in GST tax rates and measures for facilitation of trade(07.10.2023)

The 52nd GST Council met under the Chairpersonship of Union Minister for Finance and Corporate Affairs. Foreign going vessels are liable to pay 5% IGS.....

Tags : GST Council, Recommendations, Measures

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Highest forex inflows for FY 2021-22 on account of various correctional steps taken by Government(29.07.2022)

Central Government’s initiative on FDI policy reforms have resulted in increased FDI inflows in the country. India has received its highest ever FDI i.....

Tags : FDI inflow, Increase, Measures

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International Cases

‘Joint enterprise’ Chan Wing-Siu principle takes a turn(18.02.2016)

The British Supreme Court heard appeals against the application of the Chan Wing-Siu principle in establishing the guilt and conviction of the Appel.....

Tags : Criminal, joint enterprise, foresight, intent

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Doctrine of illegality bows down to public interest(20.07.2016)

A party to a contract “tainted by illegality” is not barred from recovering money paid under the contract from the other party under the law of unjust.....

Tags : uk, doctrine of illegality, public interest, insider information

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Although confiscation may follow sentence, it is to be dealt with promptly(14.12.2016)

Respondent, pleaded guilty on 11 June 2012 to offences involving supply of heroin and money laundering. He had been caught in possession at his home o.....

Tags : Confiscation, Quashing, Restoration

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Secretary of State can deprive a person of citizenship, if satisfied that grant was obtained by means of fraud, false representation or concealment of a material fact(21.12.2017)

Appellant obtained British citizenship using a false name, a false date of birth, a false nationality and a false place of birth. When these frauds c.....

Tags : Citizenship, Grant, Misrepresentations

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Court shall regard welfare of child as most important consideration in relation to adoption(23.01.2019)

In present case, the South Eastern Health and Social Care Trust (Appellant) sought an order pursuant to the Adoption (Northern Ireland) Order, 1987 th.....

Tags : Adoption, Interest, Child

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Appeal may be dismissed when issues are of such a nature that, decision sought will have no practical effect or result(20.05.2019)

In present appeal, counsel were at the outset of the hearing, asked to address the Court on the preliminary question whether the Full Court’s order mu.....

Tags : Rescission order, Grant, Legality

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Spent conviction orders are not made, when public interest is involved(17.04.2019)

The Appellant seeks leave to appeal against penalties imposed upon him following his conviction of road traffic offences. The penalties were imposed b.....

Tags : Public interest, Conviction, Validity

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Court has power to manage access to its records in a pending action.(16.01.2019)

The present application is about restricting access by persons who are not parties to the action. The applicant, Cockburn Cement Limited, has applied .....

Tags : Information, Access, Restriction

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Right and interest in University of North Pension Fund included not only right and interest in pension fund, but also provident fund(03.12.2019)

The origin of the present dispute lies in the terms of an order of divorce granted as long ago as 6 December 2004, by the North Eastern Divorce Court,.....

Tags : Right, Interest, Pension fund

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Third parties must be afforded the chance to make representations at the stage of making the confiscation order(01.07.2020)

On 22 September, 2015 Bernadette Hilton was convicted of three offences contrary to Section 105A of the Social Security Administration (Northern Irela.....

Tags : Confiscation stage, Third party, Representations

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Prescription shall commence to run as soon as the debt is due(21.09.2020)

Present case is about whether or not a claim to divide the fruits of a universal partnership can prescribe in terms of the Prescription Act 68 of 1969.....

Tags : Universal partnership, termination, Prescription

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Arrest, without a warrant is permitted, where an arresting officer held a reasonable suspicion that, a dangerous wound had been inflicted(04.06.2021)

The appeal arose from the dismissal of the appellants’ claim for wrongful and unlawful arrest in the Eastern Cape Division of the High Court, Mthatha......

Tags : Arrest, Detention, Legality

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Scheme under which period of imprisonment served in default of payment in full of the amount specified in confiscation order is based on entire amount outstanding, including interest(24.01.2018)

Present case concerns the enforcement of confiscation orders made by the Crown Court upon conviction. As well as various statutory mechanisms for enfo.....

Tags : Confiscation, Interest, Calculation

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A court could not take note of prescription of its own accord. A party had to invoke prescription(09.09.2021)

The Appellant (Mr. Jugwanth) claimed fees arising from a contract where he represented the Respondent (MTN) in matters involving the Commission for Me.....

Tags : Claim, Prescription, Invocation

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Arrest without a warrant would be justified provided arrestor must be a peace-officer and suspicion must rest on reasonable grounds(23.11.2021)

The issue before the SCA was whether the second Respondent, Col Espach, had acted wrongfully and unlawfully when he arrested the Appellant, Mr. Christ.....

Tags : Warrant, Arrest, Legality

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A maintenance order had the same legal consequences which flowed from an order made in a civil action(21.01.2022)

The appeal stemmed from the judgment of the High Court, the court made a declaratory order to the effect that the maintenance obligations contained in.....

Tags : Maintenance order, Prescription Act, Applicability

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Sstrict or literal interpretation of provisions has to be consistent with object of Act(10.06.2020)

The appeal concerned the application of Section 34A of the Estate Agency Affairs Act 112 of 1976, which precludes an estate agent from claiming commis.....

Tags : Provision, Applicability, Public interest

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In order to be eligible for declaratory relief, shares must not have been suspended from trading for more than five days in the previous 12 months(22.03.2022)

In present matter, on 1 March 2022, the Plaintiff, Buddy Technologies Limited (Buddy Technologies), filed an originating process seeking orders under .....

Tags : Shares, Sale, Cleansing prospectus

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A party who had been deprived of the use of his or her capital for a period of time has suffered a loss and did not need to establish special proof of his or her damages(19.05.2022)

The appeal was about two companies, namely Houtbosplaas (Pty) Ltd (Houtbosplaas) and TBS Alpha Beleggings (Pty) Ltd (TBS Alpha) suing their erstwhile .....

Tags : Payment, Funds, Interest

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Likelihood of deception or confusion must be attributable to the resemblance of the marks themselves and not to extraneous matter(26.05.2022)

The Appellant, Open Horizon Ltd, had sought an order interdicting and restraining the Respondent, Carnilinx (Pty) Ltd, from infringing its PACIFIC tra.....

Tags : Infringement, Restraint, Deception

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Court has a discretion to approve a scheme under Section 411(4)(b) of the Corporations Act and is not bound to approve a scheme just because the statutory majorities have been achieved(10.06.2022)

The Plaintiff applies for orders approving a proposed scheme of arrangement. The Scheme meeting was convened and held on 1 June 2022. At the meeting, .....

Tags : Resolution, Scheme, Approval

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Natural as well as juristic persons may hold member’s interests as a trustee, but only in certain circumstances(07.12.2022)

Present appeal is related to the application and interpretation of Sections 29(1) and 29(1A) of the Close Corporation Act, 1984 in the event where a f.....

Tags : Trustees, Juristic persons, Interest

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A party was bound by their pleadings and ordinarily, they would not be allowed to raise a different or fresh case without a due amendment(03.05.2023)

The Respondent (Mr. Gqamane) was arrested without a warrant for allegedly assaulting the complainant. A charge of assault with intent to commit grievo.....

Tags : Arrest, Discretion, Validity

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A security interest in collateral is perfected, if the security interest is attached to the collateral(21.07.2023)

On 28 November 2022, Sky and Space Company Ltd (SAS) granted Celtic Capital Pty Ltd (Celtic) a security interest in its personal property. A registrat.....

Tags : Registration, Security interest, Time

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Prescription begins to run, when the creditor has the minimum facts necessary to institute action(04.10.2023)

The matter concerned the prescription of a claim which Mr. and Mrs. Mokhethi (the Respondents) had instituted against Mr. and Mrs. Stemmet (the appell.....

Tags : Prescription, Claim, Defects

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Claimant must indicate the capacity in which the claim is lodged, that is whether the claim is for an individual, or in a representative capacity for a family, community, or a trust(19.10.2023)

Present appeal arises from a mandamus application, by way of urgency in the Land Claims Court, Randburg (LCC), to compel the Land Claims Commission (C.....

Tags : Restitution, Rights, Land

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A landlord’s hypothec comes into effect the moment rent is in arrears, and is enforceable against the debtor immediately(29.01.2024)

The Appellant, Ergomode (Pty) Limited (Ergomode), instituted legal proceedings by way of notice of motion in the Mpumalanga Division of the High Court.....

Tags : Business rescue, Hypothec, Perfection

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An arrest has to be effected on the authority of a warrant or without a warrant; onus rests on the arrestor to justify an arrest(03.05.2024)

The appeal emanated from the appeal court of the Gauteng Division of the High Court, Johannesburg (the appeal court) wherein the appellant, Mr Ntoni J.....

Tags : Arrest, Detention, Legality

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Once a business rescue plan is accepted, it will be implemented by the business rescue practitioner on the terms stipulated therein(28.04.2023)

The issue before the Supreme Court was whether in business rescue proceedings, Section 153(4) of the Companies Act, 2008 is to be applied after a bind.....

Tags : Business rescue, Proceedings, Offer

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Singapore HC preemptively restrains creditor meeting(10.12.2015)

Singapore High Court granted an order of restraint against creditors of a company in receivership, installing, essentially, a moratorium till the Appl.....

Tags : Singapore, restraint, creditor meeting, preempt

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Denying student loan to person not deportable from UK violates right to education(29.07.2015)

The United Kingdom Supreme Court, while determining the availability of student loans for higher education to persons who were not lawfully resident i.....

Tags : United kingdom, education, student loan, resident

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Japanese whalers hunt over 200 pregnant whales for ‘science’(04.04.2016)

Japanese fishermen’s haul of whales from their recent expedition in the Antarctic was met with an unsurprisingly apoplectic reaction from neighbouring.....

Tags : japan, whaling, scientific research, ban

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Where an eviction is going to render persons homeless, a constitutional obligation rests on relevant municipality to provide suitable accommodation(14.11.2019)

Present is an appeal against the eviction of Mr. Cedric Morgan Jones and Mrs. Diane Morgan Jones, aged 78 and 76 years old respectively, together with.....

Tags : Eviction, Legality, Right of residence

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ECJ ruling to curb “welfare tourism”(25.02.2016)

The read»

Judgments

Constitutionality of Food Safety and Standards Act, 2006 upheld(16.09.2015)

The Bombay High Court summarised its position on the constitutionality and vires of the Food Safety and Standards Act, 2006 as thus: “…if preventing f.....

Tags : Food safety, constitutionality, public interest

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Security cheques to be proved as given in discharge of legally enforceable debt(15.09.2015)

In a case involving arrest of the accused for dishonoured cheques, the Court allowed the accused’s petition. It noted the peculiar facts of the case a.....

Tags : Security, cheque, presumption, enforceable debt

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Difference between sales tax charged and NPV paid not includible as transaction value(06.10.2015)

Distinguishing three judgments of the Supreme Court that the difference between amounts collected by Assessee from its customers as sales tax and the .....

Tags : excise, sales tax, net present value, transaction value

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CCI clears Jaypee Group of abuse amidst heavy dissent(26.10.2015)

The Competition Commission of India in a majority ruling dismissed complaints against Jaypee Group’s alleged abuse of its dominant position. It determ.....

Tags : Property, jaypee, dominant, residential, abuse, position

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Lower eligibility limit for OBC student applying to M. Phil Programme ordered(19.01.2016)

Jawaharlal Nehru University’s policy of requiring OBC students meeting the same threshold to qualify for its M. Phil Programme as general category stu.....

Tags : Higher education, reservation, obc, eligibility

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Gujarat government ordered to sensitize people on Right to Free Education(18.01.2016)

Gujarat High Court directed the State Government to give wide publication of the rights provided under the Right of Children to Free and Compulsory Ed.....

Tags : Right to education, grievance redressal, public knowledge

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Late submission of OBC certificate to not be overlooked in ‘pedantic’ manner(24.02.2016)

A candidate appearing in an examination under the OBC category remains eligible for selection to the post advertised, despite not submitting the OBC c.....

Tags : Reservation, certificate, provisional list, selection

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Advocates’ attire “necessary and conducive for dispensation of justice”(07.12.2015)

Kerala High Court dismissed a petition by a lawyer alleging “severe hardship and inconvenience” due to the dress code imposed in courts. The petitione.....

Tags : Advocate dress code, kerala, attire

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Petition against admission procedure? Sooner better than later(03.06.2016)

Under its then existing reservation policy, the University accepted persons with a caste certificate from outside Delhi to also be considered OBC cand.....

Tags : admission, reservation, delay, obc

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Petition against admission procedure? Sooner better than later(03.06.2016)

Under its then existing reservation policy, the University accepted persons with a caste certificate from outside Delhi to also be considered OBC cand.....

Tags : admission, reservation, delay, obc

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Contract must explicitly bar pendente lite interest to prevent arbitral award(16.03.2016)

An Arbitrator cannot award interest pendente lite if the same is barred expressly by contract. The Supreme Court distinguished an explicit contractual.....

Tags : Arbitration, interest, award, pendente lite

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High Court acquits ‘depressed’ engineer who killed son(16.03.2016)

Madras High Court acquitted a man accused of poisoning his son, taking into consideration harrowing familial loss that had rendered him mentally unsta.....

Tags : unsound mind, depression, murder, suicide

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Mixed residential, commercial use envisaged in Delhi rent control(11.07.2016)

Section 2(l)(iii) of the Delhi Rent Control Act 1958 is applicable in a case where tenancy premises are residential-cum-professional, or vice versa, a.....

Tags : rent control, inherited rights, residential, commercial use

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Mixed residential, commercial use envisaged in Delhi rent control(11.07.2016)

Section 2(l)(iii) of the Delhi Rent Control Act 1958 is applicable in a case where tenancy premises are residential-cum-professional, or vice versa, a.....

Tags : rent control, inherited rights, residential, commercial use

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Disclosure of bank’s business dissuades “window-dressing”, in public interest(28.06.2016)

“Any action that results in dissuading commercial entities from indulging in practices such as window-dressing would be in larger public interest”, th.....

Tags : rti, exemption, bank, business mix, public interest

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CCI lets Wiley India off the hook(28.06.2016)

The Competition Commission of India dismissed a complaint against pre-eminent publisher of scientific, technical and medical journals, Wiley India, fo.....

Tags : wiley india, journal, distribution, authorised agent, resale price maintenance

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Distinct logo cannot rescue copycat emulating overall trade dress(25.05.2016)

Delhi High Court rejected submissions by Pure Play Sports that the similarity in designs between its shoes and those of the Plaintiff Skechers was suf.....

Tags : skechers, pure play, sports shoes, trade dress, distinct, logo

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MACT award not classifiable as “income”(02.06.2016)

Compensation awarded by the Motor Accident Claims Tribunal, and interest accruing therefrom, are not subject to TDS (tax-deducted-at-source) and the s.....

Tags : mact, compensation, interest, tds, welfare

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Arbitration tribunal empowered to recall order ‘in the interest of justice’(08.07.2016)

An arbitration tribunal can exercise its inherent powers to “secure the ends of justice”, the Chhattisdarh High Court said, allowing claims that the t.....

Tags : chhattisgarh, arbitration, order, recall, interest of justice

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Flat-buyers’ endeavours against Unitech stumped by COMPAT(20.07.2016)

A read»

Power of arrest is to be used with great circumspection and not casually(01.09.2016)

Present writ Petitions filed by two entities operating on-line platforms/web portals raise important questions involving powers of Directorate General.....

Tags : Arrest, Fundamental rights, Violation

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Conducting press conference raising defamatory allegations against spouse amounts to mental cruelty(11.02.2015)

The Court held that the wife's actions of conducting a press conference raising defamatory allegations against her husband amounted to mental cruelty......

Tags : divorce, mental cruelty, press conference

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Interest and penalty not imposable where credit wrongly availed, reversed prior to utilization(08.08.2016)

Issue involved was relating to liability to pay interest on cenvat credit availed by Appellant but not utilized and reversed subsequently. In present .....

Tags : Cenvat credit, Interest, Liability

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Injunction granted against title phonetically similar to ‘Indian Express’(23.10.2015)

The Bombay High Court accepted arguments that the Defendant’s use of the title ‘Indian Express’ in Devnagari script for its newspaper infringed the tr.....

Tags : Indian express, title, trade mark

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Decree for restitution of conjugal rights enforces cohabitation but it does not and cannot enforce sexual intercourse(07.10.2016)

Parties to present appeal got married on February 17, 1993 at Kanpur (Uttar Pradesh) according to Hindu Rites and Ceremonies. Respondent/husband has f.....

Tags : Conjugal rights, Restitution, Divorce

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Interest would be payable from date on which CENVAT credit is wrongly taken or utilized(03.11.2016)

Appellant is engaged in manufacture of electronic connector harness and other IT products availed CENVAT credit of duty paid on inputs and capital goo.....

Tags : CENVAT credit, Interest, Levy

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CIC dismisses appeal seeking up-to-date government email addresses(16.12.2015)

The Central Information Commission dismissed an appeal seeking email addresses of all governments, public authorities and organisations maintained by .....

Tags : Rti, email addresses, outdated, security, privacy

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University established by law in State granting recognized dental qualification, is entitled to representation in Dental Council of India(08.12.2016)

Petitioner, by present petition, seeks a direction to Respondent – Union of India to accept nomination of an elected representative of Petitioner as a.....

Tags : Members list, Inclusion, Elected representative

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Person holding premises gratuitously or as caretaker or servant would not acquire any interest in property even by long possession(06.01.2017)

Instant appeal challenges judgment passed by High Court of Bombay setting aside Order passed by Bombay City Civil Court. Said Notice of Motion was dis.....

Tags : Property, Possession, Caretaker, Interest

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Court upholds Deere trade dress(05.03.2015)

In a case where the Plaintiff, a well-known manufacturer of agricultural equipment in India and abroad, alleged unauthorised use of its logo and trade.....

Tags : Ipr, trade, dress, logo

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An order of dismissal of writ petition on merits would ensue, if no case of breach of a statutory provision is made out(16.06.2017)

In facts of present case, Petitioner has been working as Assistant Accountant of Suri Friend's Union Co-operative Bank Limited, a registered cooperati.....

Tags : Resolution, Termination, Validity

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Principle of res judicata is applicable between two stages of same litigation but issue involved must have been decided at earlier stage of same litigation(21.06.2017)

In facts of present case, Applicants before KAT were candidates, who appeared for 2011, Karnataka Gazetted Probationers' Examination. They were select.....

Tags : Application, Maintainability, Doctrine, Res judicata

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Petition against appointment of additional nature guides at Ranthambore rejected(09.09.2015)

Rajasthan High Court dismissed a petition by nature guides at Ranthambore National park against the appointment of additional guides. Noting that the .....

Tags : Ranthambore, nature guide, vested interest

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Reservation in sole position means unconstitutional exclusion(23.09.2015)

The Supreme Court dismissed an appeal that a position comprised of a single post could be filled under the auspices of ‘reservation’. It reiterated a .....

Tags : Reservation, single, post, constitutionality

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For claiming right of residence, it is necessary that, two parties had lived in a domestic relationship in household(14.07.2017)

Appellant is 84 years old and Respondent is 62 years old. Respondent seeks to establish her status as wife/companion of Appellant who has been left hi.....

Tags : Domestic relationship. Right, Residence

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SC declines rule reserving promotions for SC/ST beneficiaries(11.03.2016)

The Supreme Court dismissed a petition seeking directions to constitute a Committee or appoint a Commission to survey Scheduled Castes and Tribes in s.....

Tags : Reservations, sc/st, promotion, survey

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For erroneous credit availed, even if, not utilized, interest could be applicable for the normal period of limitation(19.01.2018)

In the facts of present case, the Appellant had wrongly taken excess credit of Rs. 9,97,32,292 during the period September 2008 to January 2009 on imp.....

Tags : Excess credit, Interest, Payment

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Gauhati HC accepts resignation of MLAs(12.01.2016)

Gauhati High Court declined relief in petitions by Gabriel Denwang Wangsu and Wanglam Sawin, members of Arunachal Pradesh’s legislative assembly, hold.....

Tags : Legislative assembly, resignation, withdrawal, arunachal pradesh

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Arunachal Pradesh President’s Rule petition deferred(27.01.2016)

The Supreme Court decided to hear petitions against President’s Rule in Arunachal Pradesh on 1 February, 2016. It called for adducing copies of the St.....

Tags : President’s rule, Arunachal Pradesh

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Profits on sale of shares were liable to taxed under the head capital gains(27.11.2017)

This appeal has been filed by the Revenue for challenging the order of CIT(A) for treating the profit earned by the Assessee from the sale of shares u.....

Tags : Capital Gains, Sale of shares

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Bank cannot refuse any payment which is made by a loanee of outstanding amount(19.06.2018)

The appeal has been preferred against the order passed by the learned single Judge, who has exonerated the private Respondent from making further paym.....

Tags : Outstanding dues, Interest, Payment

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Employees appointed in reserved category do not have preferential right to promotion on basis of reservation(27.08.2015)

The Court ordered a reversal of accelerated promotions given to the Respondents, who were appointed as Junior Engineers under reservation categories .....

Tags : Reservation, promotion, backward class

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When findings recorded by Trial Court is based upon appreciation of evidence, High Court should not reverse Trial Court’s judgment(17.07.2018)

Present appeals arise out of the judgment passed by the High Court by which the High Court reversed the verdict of conviction passed by the trial Cour.....

Tags : Acquittal, Validity, Presumption

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Restriction placed on a second marriage would not apply to a case where parties have settled and decided not to pursue the appeal(24.08.2018)

By present appeal, Appellant is impugning the judgment of High Court set aside the judgment of the Family Court and allowed the appeal of the Responde.....

Tags : Second Marriage, Restriction, Pendency, Appeal

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If the acquittal is justified on a probable view taken by the trial court, it should not be interfered with(04.12.2018)

In instant Appeals, Court is concerned with the correctness of the judgment of the High Court of by which the judgment of the trial Court was set asid.....

Tags : Conviction, Presumption, Innocence

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Unless act done by previous Government found to be contrary to provisions or against policy, State should not change its stand merely because other political party has come into power(18.12.2018)

By way of present writ petition, the Petitioner has prayed for quashing of Communication dated 12th March, 2018 (Annexure P-7), vide which, the office.....

Tags : Rest House, Construction, Cancellation

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Freedom of an individual cannot be curtailed merely on the basis of suspicion(17.03.2018)

Apprehending his arrest, bail Petitioner, has approached present Court by way of instant petition for grant of pre-arrest bail in FIR registered under.....

Tags : FIR, Pre-arrest bail, Grant

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Employee sent on deputation to a foreign service is to be paid higher pay scale then what the employees were getting in parent department(05.02.2019)

The Appellant Corporation has preferred the present Appeals against judgment passed by the High Court by which the Division Bench has allowed the said.....

Tags : Resolution, Payscale, Parity

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A registered trade union can maintain a petition as an operational creditor on behalf of its members(30.04.2019)

The present appeal raises an important question as to whether a trade union could be said to be an operational creditor for the purpose of the Insolve.....

Tags : Operational creditor, Trade union, Representation

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Authorities are entitled to claim exemption when disclosure of information risks possibility of its misuse(15.05.2019)

In facts of the present case, the Appellant filed an application under the Right to Information Act, 2005 (RTI Act) before the Central Public Informat.....

Tags : Information, Disclosure, Public interest

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Whenever House resumes after it is adjourned sine die, its resumption does not amount to commencement of session(09.04.2019)

The Petitioner has filed the present petition praying that, present Court may issue writ of Mandamus or any other appropriate writ, order or direction.....

Tags : Legislative Assembly, Session, Resumption

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Introducing an additional restriction of graduation for participation in examination without there being any quota reserved for graduates is discriminatory(03.11.2017)

The short question arising for consideration in this case is whether the restriction introduced on the basis of educational qualification for particip.....

Tags : Examination, Participation, Restriction

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Disobedience of orders of Court in order to be a 'Civil Contempt' must be a willful one, a proof of sheer/mere disobedience is not enough(02.11.2017)

The Petitioner has preferred the instant Contempt Petition praying for passing of an order by this Court to punish the Respondents for the act of Cont.....

Tags : Festival, Conduct, Representation

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Orders passed by NCDRC in exercise of its jurisdiction are subject to appeal before the Supreme Court(07.11.2017)

Present appeals have been brought before this Court invoking Section 37(1)(a) of the Arbitration and Conciliation Act, 1996, as amended by Arbitration.....

Tags : Disputes Redressal, Appeals, Maintainability

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Any grievance by the employees is to be redressed within the time limit prescribed(17.07.2019)

The relief sought for in the present writ petition is for a direction to the Respondents to regularize the services of the writ petitioner from 1st Ma.....

Tags : Rights, Redressal, Time Limit

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Discretion to grant or deny pre-arrest bail cannot be exercised de hors the gravity of offence(20.08.2019)

In first application, Petitioner seeks pre-arrest bail in FIR registered under Section 120B read with Section 420 of Indian Penal Code, 1860 (IPC) and.....

Tags : Pre-arrest bail, Grant, Offence, Seriousness

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Regulations framed by MCI relating to conditions of service of Professors in Medical Colleges shall prevail over Service Rules framed by State(28.08.2019)

The controversy in present Appeals is regarding reservations to be applied for appointment by direct recruitment to the posts of Professor in Medical .....

Tags : Appointment, Reservation, Age, Enhancement

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High Court cannot modify/relax Instructions issued by Commission which are mandatory in nature(28.08.2019)

In facts of present case, the Tamil Nadu Public Service Commission ('the Commission') issued a Notification dated 9th April, 2018 inviting application.....

Tags : Result, Announcement, Direction, Legality

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If amount is not voluntarily paid by assessee and later on case is decided in his favour, then he is entitled to interest from date of deposits made by assessee(18.11.2019)

The present appeal is directed against the impugned order passed by the Commissioner (Appeals) whereby the Commissioner (Appeals) has allowed the inte.....

Tags : Interest, Entitlement, Date

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Rejection of policy must be made in a reasonable time in consonance with good faith standards(16.02.2018)

In facts of present case, the Appellant along with his wife and son obtained housing loan of Rs. 30,00,000 in the month of September, 2008 from the Re.....

Tags : Proposal, Acceptance, Presumption

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Every student with disability cannot be expelled without giving further opportunity to attain necessary levels(16.02.2018)

The Petitioner, a physically-disabled student enrolled in M.Sc. Mathematics in Respondent No. 1- Indian Institute of Technology, Delhi in academic yea.....

Tags : Reservation, Reinstatement, Grant

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Department can re-open proceedings after issuance of discharge certificate only when there is substantial and conscious mis-declaration(21.10.2019)

The brief facts of the case are that, the Respondents filed VCES declaration under Section 107 of the Finance Act, 2013 as amended. They paid service .....

Tags : Demand, Interest, Deletion, Legality

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Right to choose and appoint an employee cannot be taken away merely because Government Resolution prescribes a maximum age limit of 33 years(27.09.2019)

The Petitioner - St. Isabel's High School, invokes the jurisdiction of present Court under Article 226 of the Constitution of India to challenge the i.....

Tags : Resolution, Maximum age, Legality

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Institutional Preference is permissible in Post Graduate Medical Courses even after introduction of NEET Scheme(04.10.2019)

The original writ Petitioners have preferred the special leave petition/appeal against impugned judgment passed by the Division Bench of the High Cour.....

Tags : Admissions, Reservation, Validity

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NGT has jurisdiction to deal with substantial question arises out of enforcement of enactments given in Schedule 1 of NGT Act, 2010(01.05.2017)

Applicant after being shocked on reading the news item, reported in Daily Excelsior Jammu dated 17th February, 2016 giving details of transfer made by.....

Tags : Forest land, Transfer, Jurisdiction

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Interest alone cannot be construed as operational debt(11.02.2020)

Present appeal emanates from the order passed by the Adjudicating Authority on the application filed under Section 9 of the Insolvency and Bankruptcy .....

Tags : Delayed payment, Interest, Operational Debt

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Recovery of interest on delayed period even though claimed after taking possession is maintainable(14.03.2019)

In facts of present case, Appellant-allottee has challenged the final order passed by Learned Member and Adjudicating Officer of MahaRERA Authority in.....

Tags : Delayed possession, Interest, Entitlement

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Promoter is liable to pay interest to the complainant on failure to fulfil his obligation(28.02.2019)

A complaint was filed under section 31 of the Real Estate (Regulation and Development) Act, 2016 read with rule 28 of the Haryana Real Estate (Regulat.....

Tags : Delayed possession, Interest, Legality

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A registered trade union can maintain a petition as an operational creditor on behalf of its members(30.04.2019)

The present appeal raises an important question as to whether a trade union could be said to be an operational creditor for the purpose of the Insolve.....

Tags : Operational creditor, Trade union, Representation

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No interest is payable, when clauses agreement bars arbitrators from granting interest(07.02.2019)

In present matter, the Appellant herein was awarded the contract under which it was to execute certain Works. Agreement in this behalf was signed on 1.....

Tags : Award, Interest, Legality

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Entire process of grant of promotion to the eligible officials should be carried out in a completely transparent and objective manner(09.08.2017)

In present case, the Appellant sought information regarding details of total vacancies created in the cadre of Group 'A' (Assistant Commissioner), det.....

Tags : Promotions, Reservation, Information, Disclosure

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A petition cannot be entertained on the basis of assumptions and presumptions(15.06.2020)

The Petitioners, by way of present writ petition, assail the result dated 14th May, 2020 and waiting list result dated 14th May, 2020, for the post of.....

Tags : Selection process, Leakage of paper, Presumption

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Integrity of judicial officer must be of a higher order and even a single aberration is not permitted(27.02.2020)

Present writ petitions have been filed by two erstwhile judicial officers who were members of the judicial service in the State of Jharkhand and are d.....

Tags : Compulsory retirement, Public interest, Legality

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Supreme Court likens resignation to ‘voluntary retirement’(12.10.2015)

In a case where the Appellant was denied pension for serving his resignation notice to the Life Insurance Corporation of India after 23 years of servi.....

Tags : Voluntary, retirement, resign, benefits, eligible

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Assessing Officer can impose penalty for default in making payment of tax, but same shall not exceed amount of tax in arrears(01.07.2017)

In the present case, Income Tax Return of Respondent-Assessee was processed under Section 143(1) of Income Tax Act, 1961, demand was raised and penalt.....

Tags : Arrears, Tax, Interest, Inclusion

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When there has been devolution of interest during pendency of suit, suit may, by leave of Court, be continued by or against persons upon whom such interest has devolved(10.07.2017)

By present application, challenge is made to order passed by District Judge, whereby appellate Court rejected application of Petitioner under Order XX.....

Tags : Interest, Devolution, Substitution, Entitlement

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Vertical restraints are not generally perceived as being anti-competitive, when substantial portion of the market is not affected(11.05.2020)

The present Information has been filed on behalf of Accessories World Car Audio Private Limited ('the Informant') under Section 19(1) (a) of the Compe.....

Tags : Contravention, Provisions, Vertical restraints

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Where a penalty is imposed on employee for a conduct which led to conviction on criminal charges, the employer can independently take disciplinary action against employee(25.02.2020)

The present appeal arises from a judgment of a Division Bench of the High Court of Gujarat. The Division Bench, in a Letters Patent Appeal arising fro.....

Tags : Final orders, Passing of, Restrain

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Before entertaining a writ petition and passing any interim orders, Court must carefully weigh conflicting public interests(24.06.2020)

The present appeals are directed against the interim order passed by the High Court whereby in an intra-court appeal, the High Court passed an order o.....

Tags : Public interest, Interim order, Legality

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Certification as Scheduled Caste by becoming 'resident' does not give benefit of reservation in education(13.08.2015)

The Court held that merely by residing in a Union Territory to become 'resident', an immigrant from another State cannot gain benefits from a Presiden.....

Tags : Scheduled caste, resident, education, reservation

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Benefit of an interpretation must favour a person who is likely to suffer an irreparable harm and serious prejudice(06.07.2018)

By present petition, the Petitioner prays that, the impugned order passed by the District Collector, be quashed and set aside. The Petitioner has been.....

Tags : Resignation, Delivery, Post, Removal

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Permanent injunction shall be granted if pleading in written statement is not only a mis-statement but clearly constitutes mis-representation to the Court(05.08.2019)

The Plaintiff has filed the present suit seeking permanent injunction, restraining infringement of its registered trademarks, dilution, damages, rendi.....

Tags : Misrepresentation, Permanent injunction, Grant

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A person cannot be made to wait indefinitely for possession of flat allotted and is entitled to seek refund of amount paid(02.04.2020)

The Appellant-Builder launched a residential project by the name “Araya Complex” in Sector 62, Golf Course Extension Road, Gurugram. The Respondent- F.....

Tags : Refund, Interest, Entitlement

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A person cannot be made to wait indefinitely for possession of flat allotted and is entitled to seek refund of amount paid(02.04.2019)

The Appellant-Builder launched a residential project by the name “Araya Complex” in Sector 62, Golf Course Extension Road, Gurugram. The Respondent- F.....

Tags : Refund, Interest, Entitlement

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Pension and gratuity are valuable rights and any culpable delay in disbursement thereof must be visited with penalty of payment of interest(15.11.2016)

Respondent was Assistant Store Superintendent with Irrigation Department of State of Uttar Pradesh. He stood retired on 30th June, 2009 on attaining a.....

Tags : Interest

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Mere wrong mention of the provision in the application would not prohibit a party to the litigation from getting justice(03.10.2017)

Present appeal arises out of the judgment passed by the Gujarat High Court dismissing the Special Civil Application filed by the Appellant, consequent.....

Tags : Legal representatives, Impleadment, Rejection, Validity

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Intervention of the Court is envisaged only in few circumstances like fraud or bias by the Arbitrators or violation of natural justice(03.10.2017)

The Appellant, in present appeals, has challenged the legality and correctness of the judgment and order passed by High Court of Calcutta. Appellant s.....

Tags : Dispute, Arbitrability, Award, Interest

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It is within the exclusive domain of the State Legislature to legislate as to whose services to be included into the essential services(10.07.2020)

The Writ Petition has been filed under Article 226 of the Constitution of India, 1950 read with Section 482 of Criminal Procedure Code, 1973 (CrPC) se.....

Tags : Restrictions, Lockdown, Exemption

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Notice under Section 148 of IT Act cannot be issued to dead person(16.07.2020)

Present writ petition had been filed seeking a direction to the Respondent to quash the notice dated 31st March, 2019 issued to the deceased-assessee .....

Tags : Legal representative, Notice, Validity

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An Arbitrator shall be ineligible, if his close family member has significant financial interest in one of the parties or an affiliate of one of the parties(25.09.2020)

The Petitioner is seeking termination of the mandate of the Presiding Arbitrator under Sections 14 and 15 of the Arbitration and Conciliation Act, 199.....

Tags : Presiding Arbitrator, Mandate, Termination

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Notifications & Circulars

Central Government hereby rescinds the notification No. 89/2009-Customs, dated the 31st August, 2009(18.08.2015)

The Central government rescinded its notification dated 31.08.2009 which imposed anti-dumping duty on imports of 'Flexible Slabstock Polyol', origina.....

Tags : Anti-dumping, rescind, china, korea, taipei, brazil

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National Company Law Tribunal (Salary, Allowances and other Terms and Conditions of Service of President and other Members) Rules, 2015(19.08.2015)

The Central government issued the Rules, 2015, enumerating the benefits available to the President of the National Company Law Tribunal under the Comp.....

Tags : President, company law tribunal, benefits

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SEBI orders: Torsa Agro Projects Limited, Alchemist Holdings Limited and illiquid stock options(20.08.2015)

Torsa, Agro Projects Limited and Alchemist Holdings Limited, their promoters and directors have been restrained and prohibited from buying, selling or.....

Tags : Sebi, order, restrain, market

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Guidelines for Relief Measures by Banks in Areas Affected by Natural Calamities(21.08.2015)

The Reserve Bank of India released guidelines based on a Central government notification reducing the criteria of crop loss from 50 per cent to 33 per.....

Tags : Rbi, relief, farmers, loan, reschedule, crops

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Interest can be capitalized only in respect of capital assets purchased out of borrowed funds(04.09.2020)

The revenue has filed present appeal challenging the decision rendered by Learned CIT(A) in respect of disallowance of interest expenditure made by th.....

Tags : Interest, Disallowance, Legality

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NCLAT is empowered to condone the delay upto a period of 45 days(18.09.2020)

The Appellants have come up with the present appeals, challenging an order passed by the National Company Law Appellate Tribunal (‘NCLAT’) dismissing .....

Tags : Prescribed period, Delay, Condonation

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Court cannot grant interlocutory injunction, unmindful of the existence of a prima facie case merely on basis of public interest(18.09.2020)

Present application, preferred by the Appellant praying for permitting the applicant to manufacture and sell its product "APIXABID", a generic product.....

Tags : Public interest, Permission, Sale

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Authority under RERA Act, 2016 is empowered to impose interest on contravention of obligations by promoter(04.11.2020)

In facts of present case, the Petitioner is a promoter. The Respondent Nos.3 to 119 are allottees. The Petitioner could not deliver possession of the .....

Tags : Interest, Levy, Validity

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Report on measures for improved monitoring of CSR released(01.01.1900)

A High Level Panel constituted by the Ministry of Corporate Affairs has released a report suggesting measures for monitoring the progress of implement.....

Tags : Company, corporate social responsibility, report, high level

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Report on measures for improved monitoring of CSR released(19.10.2015)

A High Level Panel constituted by the Ministry of Corporate Affairs has released a report suggesting measures for monitoring the progress of implement.....

Tags : Company, corporate social responsibility, report, high level

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CBEC enhances limits for arrest and prosecution(23.10.2015)

Central Board of Excise and Customs has revised limits for arrest and prosecution in cases of misutilisation of input credit, smuggling or mis-declara.....

Tags : Customs, arrest, prosecution, monetary limit

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Use of email based communication for paperless Assessment Proceedings(19.10.2015)

Central Board of Direct Taxation has begun a pilot program of using email to correspond with taxpayers. The project is expected to be run in non-corpo.....

Tags : Income tax, pilot, email, correspondence, 2015

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News

SC: `No Reservation in Single Vacancies'(24.09.2015)

SC has ruled that reservation for SCs, STs and OBCs would not apply in case Govt. was filling up a single post in one of its cadres. However if person.....

Tags : SC, reservation

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RBI Orders Concurrent Auditors to Submit Reports on Non-Performing Loans Directly to Banks(25.09.2015)

Reserve Bank of India (RBI) has directed concurrent auditors of commercial banks to submit their review of non-performing loans directly to the banks .....

Tags : Reserve Bank of India,concurrent auditors of commercial banks

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NGT Serves Notice to Centre Seeking Stay on Lakhwar Project(29.09.2015)

National Green Tribunal (NGT) has sought response from Ministry of Environment and Forests, Ministry of Water Resources and Uttarkahand Jal Vidyut Nig.....

Tags : National Green Tribunal, Lakhwar Project,Ministry of Environment and Forests, Ministry of Water Resources ,Uttarkahand Jal Vidyut Nigam

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RBI Cut Repo Rate by 50 bps(29.09.2015)

Reserve Bank of India (RBI) has cut its repo rate by 50 basis points to 6.75%, while keeping the Cash Reserve Ratio (CRR) unchanged at 4%. This was fo.....

Tags : Reserve Bank of India, Repo Rate

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RBI Permits Companies to Raise $750 mn through Rupee Bonds(30.09.2015)

Reserve Bank of India (RBI) has permitted companies to raise up to $750 million from overseas markets under automatic route, through rupee-denominated.....

Tags : Reserve Bank of India ,companies

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NGT Seeks Reply on Plea Alleging Illegal Sand Mining At Jalaun and Hamirpur(01.10.2015)

National Green Tribunal (NGT) on plea against alleged illegal sand mining being carried out in Jalaun and Hamirpur districts of Uttar Pradesh, has iss.....

Tags : National Green Tribunal,Ministry of Environment and Forests, Uttar Pradesh Gcvt. , State Pollution Control Board

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President of District Consumer Forum does not need High Court recommendation(05.10.2015)

Appointment as President to a District Consumer Forum does not require a recommendation from the High Court, and the selection process is governed by .....

Tags : district, consumer forum, president, district judge

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In a passing off case, it is the goodwill which is sought to be misappropriated(10.03.2017)

Instant appeal is against order passed by a learned single Judge, by virtue of the impugned order, granted an interim injunction against Britannia. IT.....

Tags : Trade-dress, Injunction, Validity

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Rule which creates a disability, even though procedural in nature, can only have a prospective effect(18.12.2020)

Present petition has been filed by the Petitioner praying for a direction, order or writ in the nature of mandamus or any other appropriate writ direc.....

Tags : Shares, Release, Direction

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Ministry of Finance “E-Sahyog" Pilot Project to Facilitate Taxpayers(27.10.2015)

The Ministry of Finance has launched a pilot project, “e-Sahyog” to reduce the need for taxpayers to appear physically before tax authorities. It will.....

Tags : Tax, sahyog, scrutiny, online, response

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IRDA clarifies provisions for refund of premium on repudiation of policy(28.10.2015)

The Insurance Regulatory Development Authority of India has released clarifications pursuant to amendment of Section 45 of the Insurance Act, 1938. Th.....

Tags : Insurance, clarifications, section 45, refund, misrepresentation

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Greater vigilance for multiple directorships and common addresses of companies(03.11.2015)

The Special Investigation Team has sought permission from the Ministry of Corporate Affairs to take action against violations of the Companies Act, 19.....

Tags : Company, address, operating, directorship

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Format for Business Responsibility Report(04.11.2015)

The Securities and Exchange Board of India released a ‘Suggested Format for Business Responsibility Report’ pursuant to the SEBI (Listing Obligations .....

Tags : Business responsibility, listed entities, format

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RBI Cancels Sahara's NBFC Licence for Flouting Know-Your-Customer Norms(15.09.2015)

Reserve Bank of India (RBI) has cancelled licence of Sahara India Financial Corporation Ltd (SIFCL), Sahara group’s Non-Banking Financial Co.(NBFC), e.....

Tags : Reserve Bank of India , Sahara

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Karnataka High Court Asks PU Board to be More Careful Next Year(16.09.2015)

Karnataka High Court has asked authorities to be more careful next year so that instances like of errors in re-evaluation of second PUC results and de.....

Tags : Karnataka High Court,PUC results

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CCI Dismisses Complaint against Hindustan Sanitaryware(17.09.2015)

Competition Commission of India (CCI) has dismissed allegations of unfair business practices made in complaint filed by Shubham Sanitarywares against .....

Tags : Competition Commission of India ,Shubham Sanitarywares,Hindustan Sanitaryware and Industries Ltd

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NGT Seeks Centre's Reply on Plea Alleging that Waste Treatment Plant is Polluting NCR's Groundwater(23.09.2015)

NGT has sought Ministry of Environment and Forests , Delhi and Haryana Govt.(s), Central Pollution Control Board and others’ response on a plea seekin.....

Tags : NGT,Ministry of Environment and Forests , Delhi , Haryana Govt., Central Pollution Control Board

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NGT Issues Notice over Unauthorized Structures on Green Belt in Gaziabad(24.09.2015)

NGT on plea seeking demolition of unauthorized structures located on green belts in Gaziabad, has issued notice to Ministry of Environment and Forests.....

Tags : NGT ,Ministry of Environment and Forests (MoEF), UP Govt., Ghaziabad Development Authority (GDA), UP State Industrial Development Corporation (UPSIDC)

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President Mukherjee Promulgates Second Ordinance on Cheque Bounce Cases(24.09.2015)

President Pranab Mukherjee has promulgated Negotiable Instruments (Amendment) Second Ordinance, 2015, in order to provide big relief to about 18 lakh .....

Tags : President Pranab Mukherjee,Negotiable Instruments (Amendment) Second Ordinance

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No larger public interest overriding the right to privacy of the donors and donees of electoral bonds; information are exempt under provisions of RTI Act(21.12.2020)

The Appellant has filed the instant appeal on the grounds that, reply given by the CPIO was wrong, incomplete and misleading. The Appellant pleaded th.....

Tags : Information, Disclosure, Public interest

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Wrong availing of input tax credit exceeding Rs. 5 crores is a cognizable and non-bailable offence(08.02.2021)

The Petitioner has approached present Court claiming that, his arrest under the provisions of the Central Goods and Services Tax Act, 2017 ("the CGST .....

Tags : Arrest, Authorization, Legality

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RBI Issues Revised Guidelines for FIF(16.10.2015)

Reserve Bank of India (RBI) has issued revised guidelines for scope of activities and objectives of its Financial Inclusion Fund (FIF). The corpus of .....

Tags : Reserve Bank of India, FIF

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NCDRC Orders Testing of 13 Samples of Maggie Noodles(16.10.2015)

National Consumer Dispute Redressal Commission (NCDRC) has ordered 13 samples of Nestle India’s Maggi instant noodles to be sent to a government-run .....

Tags : National Consumer Dispute Redressal Commission, Maggie Noodles

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NGT Issues Notice to Centre over Use of Ponies in Vaishno Devi Shrine(19.10.2015)

National Green Tribunal (NGT) issued notice to Ministry of Environment and Forests, Jammu and Kashmir Government, Shri Mata Vaishno Devi Shrine Board .....

Tags : National Green Tribunal , Ministry of Environment and Forests, Jammu and Kashmir Government, Shri Mata Vaishno Devi Shrine Board

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RBI: No Relaxation in CRR, SLR Norms(19.10.2015)

Reserve Bank of India (RBI) has junked the plea of entities that have secured licences to set up small finance banks that they be given some leeway in.....

Tags : Reserve Bank of India, small finance banks

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Delhi HC to Govt.: Ensure No Further Encroachment In Forest Area(21.10.2015)

Delhi High Court has ordered Delhi Government and its authorities to ensure there was no further encroachment in forests in National Capital Territory.....

Tags : Delhi High Court, Delhi Government,Encroachment In Forest Area

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RBI Issues Guidelines for the Gold Monetisation Scheme(23.10.2015)

Reserve Bank of India (RBI) has issued guidelines for the Gold Monetisation Scheme. RBI has issued directions for banks on implementation of the gold .....

Tags : Reserve Bank of India , Gold Monetisation Scheme

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If Refund is delayed by three months after filling Application for Refund, claimant becomes eligible to get interest(01.04.2021)

The Appellant has filed present Appeal against the impugned order-in-appeal passed by the Commissioner (Appeals), CGST and Central Excise, wherein SAD.....

Tags : Refund, Interest, Entitlement

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Changes proposed in timeframe for issue of shares and reporting of FDI(04.02.2016)

The Reserve Bank of India has proposed changes in respect of the time frame for issuing shares to align provisions of the Foreign Exchange Management .....

Tags : Rbi, timeframe, issue, reporting, shares, fdi

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Tax Policy Research Unit and Tax Policy Council set up(02.02.2016)

The Ministry of Finance has created a Tax Policy Research Unit and Tax Policy Council on the basis of recommendations made by the Tax Administration R.....

Tags : Tax reform, coherent policy, research, analysis

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Tax Policy Research Unit and Tax Policy Council set up(02.02.2016)

The Ministry of Finance has created a Tax Policy Research Unit and Tax Policy Council on the basis of recommendations made by the Tax Administration R.....

Tags : Tax reform, coherent policy, research, analysis

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RBI seeks Comments on Working Group Report on introducing Interest Rate Options(08.02.2016)

The Reserve Bank of India released its Re.....

Tags : Rbi, interest rate options, report

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Delhi HC to DU: Don’t Act Against Delhi University Teachers' Association (DUTA) President till Dec 17(30.10.2015)

Delhi HC has extended till December 17 the restraint on Delhi University (DU) from taking any action against DUTA president and St Stephen’s college p.....

Tags : Delhi HC, Delhi University Teachers' Association (DUTA) President Nandita Narain

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RBI Says No Fresh Permission to Foreign Law Firms for Liaison Office(30.10.2015)

Reserve Bank of India (RBI) has said it would not grant fresh or renewed permission to any foreign law firm to open a liaison office in the country.

Tags : Reserve Bank of India, Foreign Law Firms

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RBI Permits Custodians or Banks to Short-Sell in Govt. Bond Market(30.10.2015)

Reserve Bank of India (RBI) has permitted custodians or banks to short-sell in Government Bond Market with primary members or individual bank customer.....

Tags : Reserve Bank of India, Government Bond Market, Custodians , Banks

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RBI Allows NRIs to Investment in National Pension Schemes(30.10.2015)

Reserve Bank of India (RBI) has allowed Non-Resident Indians (NRIs) to subscribe to pension scheme, which is governed, administered by Pension Fund Re.....

Tags : Reserve Bank of India, Non-Resident Indians, National Pension Schemes

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RBI Grants NBFCs More Power to Change Ownership in Stressed Firms(30.10.2015)

Reserve Bank of India (RBI) has allowed Non-Banking Finance Companies (NBFCs) to upgrade credit facilities extended to borrowing entities whose owners.....

Tags : Reserve Bank of India, Non-Banking Finance Companies

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Deepak Singhal Takes Over as RBI Executive Director(04.11.2015)

Deepak Singhal has taken over as new Executive Director at the Reserve Bank of India (RBI).

Tags : Reserve Bank of India

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Himachal HC Issues Notice to DC, Forest Dept over Tree Felling(05.11.2015)

Himachal HC while taking serious note on issue of felling of deodar trees at Dharamsala in violation of court orders, has issued show-cause notice to .....

Tags : Himachal HC , DC, Forest Dept

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Once a resolution plan is duly approved by Adjudicating Authority under Section 31 of IBC, the claims shall stand frozen and will be binding on Corporate Debtor and its employees(12.05.2021)

Present Appeal emanates from the Order, passed by the National Company Law Tribunal, whereby the Adjudicating Authority/NCLT approved the Resolution P.....

Tags : Resolution Plan, Approval, Legality

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Modifications to Prudential Guidelines on Revitalising Stressed Assets(25.02.2016)

The Reserve Bank of India modified and cl.....

Tags : Prudential guidelines, stressed assets, modification

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Taxability of surplus on sale of shares and securities - Instructions in order to reduce litigation(29.02.2016)

The Central Board of Direct Taxes issued instructions in situations when Assessing Officers hold whether surplus generated from sale of listed shares .....

Tags : capital asset, shares, determination, litigation

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Basel III Capital Regulations - Revision(01.03.2016)

The Reserve Bank of India notified changes under the Basel III Capital Regulations to address the need to raise more capital than would be required ha.....

Tags : basel, capital regulations, reserves

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Irrational and indiscriminate arrests are gross violation of human rights(20.05.2021)

The instant anticipatory bail application has been filed with a prayer to grant anticipatory bail to the applicants, in Case Crime under Sections-323,.....

Tags : Arrest, Bail, Entitlement

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An employee has a right to claim interest on delayed payment of retirement benefits(21.06.2021)

The writ Petitioner joined Durgapur Projects Limited, a Government of West Bengal Enterprise, on August 18, 1980. Durgapur Projects Limited is a State.....

Tags : Gratuity, Interest, Entitlement

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Supreme Court: No SC/ST Reservation in Higher Judiciary(08.12.2015)

Supreme Court while rejecting a plea of a district-level judge from Uttarakhand who sought to be promoted as a high court judge, has refused to provid.....

Tags : Supreme Court , Higher Judiciary, SC/ST Reservation

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Supreme Court: Odisha, Bihar Anti-Graft Laws are Constitutional(11.12.2015)

Supreme Court has declared two laws passed by Odisha and Bihar legislatures to tackle corruption as constitutional. SC upheld verdicts of High Courts .....

Tags : Supreme Court , Odisha and Bihar legislatures, Anti-Graft Laws

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RBI Issues Cross-Currency Futures Norms(11.12.2015)

Reserve Bank of India (RBI) has issued guidelines for introduction of cross currency futures and exchange traded cross-currency option contracts in th.....

Tags : RBI , Cross-Currency Futures Norms

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RBI Announces Timetable Reduction in SLR(11.12.2015)

Reserve Bank of India (RBI) has announced a reduction in share of government securities known as Statutory Liquidity Ratio (SLR) that banks have to ma.....

Tags : Reserve Bank of India, Statutory Liquidity Ratio

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RBI Revises Norms for 'When issued' Security(11.12.2015)

Reserve Bank of India (RBI) in order to encourage trading in ‘When Issued’ transactions in government securities, has allowed banks to take short posi.....

Tags : Reserve Bank of India , ‘When Issued’ transactions

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Madras HC to Centre: Bring Heritage Law to Protect Ancient Structures(11.12.2015)

Madras HC while taking a suo motu PIL proceedings initiated after media reports highlighting improper 'renovation' works being undertaken by Tamil Nad.....

Tags : Madras HC, Ancient Structures

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Government rescinds Notification on premature EPF withdrawals(21.04.2016)

The Central Government notified withdrawal of Notification dated 10 February 2016 which amended rules regarding withdrawal of funds from the Employees.....

Tags : rescind, epf, premature withdrawal, notification

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Relaxation of KYC norms(26.04.2016)

The Central Board of Customs and Excise continued easing ‘Know Your Customer’ requirements for individuals. In its latest update, the Board received r.....

Tags : cbec, customs, kyc, address

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No Revenue appeals against interest on refund of excess TDS(26.04.2016)

The Central Board of Direct Taxes issued a notification stating that no appeals are to be filed against interest be claimed by a tax deduct on refund .....

Tags : litigation reduction, tds, refund, interest

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CSR expenditure during 2014-2015(03.05.2016)

The Minister of Corporate Affairs released figures on expenditure towards Corporate Social Responsibility activities between 2014 and 2015. A grand to.....

Tags : Corporate social responsibility, expenditure, public good

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Adjudicating Authority would not have power to modify the Resolution Plan which the CoC in their commercial wisdom have approved(21.06.2021)

Present is an Application filed by the Resolution Professional under Section 30(6) of the Insolvency and Bankruptcy Code, 2016 (IBC), seeking approval.....

Tags : Resolution plan, Approval, Power

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RBI Postpones Issue Date of Sovereign Gold Bonds(25.11.2015)

Reserve Bank of India (RBI) has postponed issue date of sovereign gold bond by four days to November 30 to enable their smooth uploading into the cent.....

Tags : Reserve Bank of India , Sovereign Gold Bonds

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Madras HC Looks for Status Report on Relief Measures taken After Flood(01.12.2015)

Madras HC has sought a status report by Turesday from Tuticorin Collector on relief measures taken by him for flood affected people in the district.

Tags : Madras HC , Turesday from Tuticorin Collector

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RBI Relaxes ECB Norms for Accessing Foreign Loans(01.12.2015)

Reserve Bank of India (RBI) has unveiled a revised External Commercial Borrowing (ECB) policy, entailing, among other things, a more liberal approach.....

Tags : Reserve Bank of India, External Commercial Borrowing

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Madras HC Prescribes Dress Code for Men, Women and Children to Visit Temples(02.12.2015)

Madras High Court has prescribed a dress code for men, women and even children wanting to visit temples maintained by Hindu Religious and Charitable E.....

Tags : Madras High Court, Dress Code

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Allahabad HC Dismisses Bail Plea of Congress MLA Ajay Rai(02.12.2015)

Allahabad HC has dismissed bail plea of Congress MLA Ajay Rai in connection with cases filed against him following violence that erupted in Varanasi i.....

Tags : Allahabad HC , Congress MLA Ajay Rai

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Allahabad HC Says Farmers’ Plea Seeking Return of Land Cannot be a PIL(03.12.2015)

Allahabad High Court dismissed a Public Interest Litigation (PIL) seeking return of land to farmers from nine villages in Varanasi district on the gro.....

Tags : Allahabad High Court, Public Interest Litigation

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Bombay HC Sets Aside MWRRA Order on Release of Water from Pune’s Dams to Ujani(04.12.2015)

Bombay High Court has set aside Maharashtra Water Resources Regulatory Authority (MWRRA) order of October 26 to release 10 TMC water from Pune’s dams .....

Tags : Bombay High Court, Maharashtra Water Resources Regulatory Authority

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Once the borrowed funds were utilized for business purposes, interest paid on same becomes an allowable deduction under Section 36(i)(iii) of the IT Act(02.08.2021)

Present appeal arises out of the order by the learned Commissioner of Income Tax (Appeals). The ground raised by the assessee is with regard to challe.....

Tags : Disallowance, Interest, Legality

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Jammu and Kashmir High Court Restrains All Construction at Gulmarg(17.12.2015)

Jammu and Kashmir High Court has directed authorities to stop all construction activities at Gulmarg ski resort in north Kashmir. The court also direc.....

Tags : Jammu and Kashmir High Court, Gulmarg ski resort

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SC: RBI Must Disclose All Info About Banks Under RTI(17.12.2015)

Supreme Court has ruled that Reserve Bank of India (RBI) is bound in law to give information regarding private and public banks under the Right To Inf.....

Tags : Supreme Court, Right To Information , Reserve Bank of India

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SC Put Stay on Class Suit Proceedings Against Nestle(17.12.2015)

SC has stayed class suit proceedings initiated against Nestle India by Centre before National Consumer Disputes Redressal Commission (NCDRC) over Magg.....

Tags : SC , National Consumer Disputes Redressal Commission, Maggi

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RBI Issues New Guidelines for Banks to Fix Lending Rate(18.12.2015)

Reserve Bank of India (RBI) has issued new guidelines on how banks can calculate their lending rates in a bid to make them more closely based on marke.....

Tags : Reserve Bank of India , lending rates

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RBI to Banks: Allow Mobile Banking Registration at ATMs(18.12.2015)

Reserve Bank of India (RBI) has asked all National Financial Switch (NFS) member banks to make changes in ATM switches by March 2016 to help customers.....

Tags : Reserve Bank of India, National Financial Switch

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CCI Junks Complaints against Prestige Estates Projects(18.12.2015)

Competition Commission of India (CCI) has dismissed allegations of unfair business practices made against Bengaluru-based Prestige Estates Projects.

Tags : Competition Commission of India , Prestige Estates Projects

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Gujarat HC Judge Deletes ‘Anti-Quota’ Observations(21.12.2015)

Gujarat High Court has deleted “anti-reservation” observations that he recently made while quashing a petition moved by Patidar quota stir leader Hard.....

Tags : Gujarat High Court, anti-reservation observations

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RBI: Small Finance Banks Can Join Payment System(23.12.2015)

Reserve Bank of India (RBI) has said that entities who received in-principle approval for setting up payments banks and small finance banks can join a.....

Tags : Reserve Bank of India, payment system

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RBI Says No Deadline for Resolving Complaints under Banking Ombudsman Scheme(23.12.2015)

Reserve Bank of India (RBI) has said that there is no time limit for resolution of complaints under Banking Ombudsman scheme, aimed at seeking redress.....

Tags : Reserve Bank of India, Ombudsman scheme

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Bombay HC Orders State Govt. to Recover Rs 10 Lakh from Former Congress MLA in a Money-Lending Case(23.12.2015)

Bombay HC has directed State Government to recover Rs 10 lakh from Ex-Khamgaon Congress MLA Dilip Sananda following a Supreme Court directive to effec.....

Tags : Bombay HC,Congress MLA Dilip Sananda

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Bombay High Court: Interest of Child is Best Served if Parents Live Together(29.12.2015)

Bombay High Court while hearing a custody matter, has observed that the interest of child would be best served if her parents decide to live together.

Tags : Bombay High Court , Interest of Child

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Jammu and Kashmir High Court Directs Fresh Trial in a Rape Case(30.12.2015)

Jammu and Kashmir High Court has ordered fresh trial of a case wherein trial court had acquitted an accused of rape charges after ignoring the victim’.....

Tags : Jammu and Kashmir High Court ,Fresh Trial in Rape Case

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Madras HC Dismisses PILs Against AIADMK's General Council Meet at SRMC(31.12.2015)

Madras HC has dismissed two PILs against the event for AIADMK's general council meeting to be held at Sri Ramachandra Medical College and Research Cen.....

Tags : Madras HC, Sri Ramachandra Medical College and Research Centre, AIADMK's general council meeting

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RBI Tightens Norms for Banks Lending to Overseas Subsidiary of Indian Companies(04.01.2016)

Reserve Bank of India (RBI) has tightened norms for banks lending to overseas subsidiary of Indian companies by raising the provisions substantially a.....

Tags : Reserve Bank of India , subsidiary of Indian companies

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If the contract prohibits pre-reference and pendente lite interest, the arbitrator cannot award interest for the said period(04.10.2021)

Present appeal is directed against the Order of the Division Bench of the High Court whereby it has upheld the judgment of the learned Single Judge re.....

Tags : Award, Interest, Entitlement

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Genuineness of property transaction cannot be doubted merely because thumb impression was affixed instead of signature(17.08.2021)

Present appeal arises out of the judgment and order of the High Court whereby the appeal filed by the probate applicant was allowed in his favour by c.....

Tags : Genuineness, Property Transaction, Thumb Impression

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Credit on Outdoor Catering Service to the extent of contribution of services charges borne by the employee is not Cenvatable(03.09.2021)

The issue involved in the present case is that whether the Appellant is liable to pay interest on the Cenvat credit availed on the contribution of ser.....

Tags : Demand, Interest, Legality

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RBI Issues 17 Master Directions Related to FEMA(05.01.2016)

Reserve Bank of India (RBI) has issued 17 Master Directions covering foreign exchange transactions on various regulatory issues in order to simplify .....

Tags : Reserve Bank of India, Master Directions

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Madras High Court ‘s Relief to Vijayakant Till January 25(06.01.2016)

Madras High Court has extended till January 25 an interim order passed by it on December 29 restraining Thanjavur East police from arresting DMDK pres.....

Tags : Madras High Court, DMDK president Vijayakant

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RBI Allows IFSCs Bank Branches to Open Foreign Currency Current Accounts(08.01.2016)

Reserve Bank of India (RBI) has permitted bank branches at International Financial Services Centres (IFSCs) to open foreign currency current accounts .....

Tags : Reserve Bank of India , International Financial Services Centres

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RBI Allows Banks to Extend Non-Fund Based Credit(08.01.2016)

Reserve Bank of India (RBI) has allowed banks to extend non-fund based credit, not the usual form of normal loans and thereby lifted the old age ban.

Tags : Reserve Bank of India, non-fund based credit

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President Promulgates Enemy Property Ordinance, 2016(08.01.2016)

President of India has promulgated the Enemy Property (Amendment and Validation) Ordinance, 2016 on January 07, 2016 to make amendments to the Enemy P.....

Tags : President , Enemy Property (Amendment and Validation) Ordinance, 2016

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SC Says Vehicle Overloading Cant be Sole Ground to Deny Insurance(11.01.2016)

SC has ruled that overloading of vehicle cannot be sole ground for insurance company to reject claims for damages caused to vehicle in a road accident.....

Tags : SC , National Consumer Disputes Redressal Commission, overloading of vehicle

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Madras High Court Put Stay on Temple Dress Code Order(12.01.2016)

Madras HC has granted an interim stay on its order to impose a dress code for visitors to temples run by Hindu Religious and Charitable Endowments Dep.....

Tags : Madras HC, Temple Dress Code

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NCLT/NCLAT has no residual equity jurisdiction while dealing with Resolution Plan approved by Committee of Creditors(10.08.2021)

Present appeal arises under Section 62 of the Insolvency and Bankruptcy Code, 2016 against a judgment of the National Company Law Appellate Tribunal. .....

Tags : Resolution Plan, CoC, Jurisdiction

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RBI’s first monetary policy statement in 2016(05.04.2016)

The Reserve Bank of India reduced its rate under the liquidity adjustment facility to 6.5 per cent and the cash reserve ratio to 90 per cent – a massi.....

Tags : Rbi, interest rates, liquidity

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Technical Committee Report on Large Scale Integration of Renewable Energy(18.04.2016)

The Ministry of New and Renewable Energy released a report on ‘Large Scale Integration of Renewable Energy, Need for Balancing, Deviation Settlement M.....

Tags : renewable energy, integration, dispute resolution

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Valuation and Reserve Price of 4G Spectrum(18.04.2016)

The Telecom Regulatory Authority of India responded to a r.....

Tags : trai, valution and reserve price, spectrum, 4g

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Right to life includes the right to live with dignity.(02.02.2021)

In the present case, CSIR–UGC NET has not provided reservation to transgender community. There was no reason for there being no reservation, age relax.....

Tags : Reservation, Transgender Community, CSIR–UGC NET

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Any inordinate and unexplained delay on the part of the Government in considering the representation renders the very detention illegal(06.12.2021)

The Petitioner is the wife of the detenu. The detenu has been detained by the 2nd Respondent by his order, holding him to be a "BOOTLEGGER", as contem.....

Tags : Delay, Representation, Detention

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RBI Operationalise CFR(22.01.2016)

Reserve Bank of India (RBI), in order to minimize frauds, has operationalised a Central Fraud Registry (CFR) with effect from January 20.

Tags : Reserve Bank of India, Central Fraud Registry

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SC: No Open Tenders for Critical Defence Spares(25.01.2016)

SC, while taking note of India’s substantial role as a defence power and need to keep lives of its personnel safe, has upheld Government’s policy agai.....

Tags : SC, Tenders for Critical Defence Spares

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NCDRC to Builder: Pay Rs 20k/Month Penalty for Delay in Project(25.01.2016)

National Consumer Disputes Redressal Commission (NCDRC) has ordered Parsvnath Developers to pay a monthly penalty to buyers for delay in handing over .....

Tags : National Consumer D, isputes Redressal Commission , Parsvnath Developers

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Delhi HC Asks RBI to Submit its Latest Circular on FDI Policy(27.01.2016)

While hearing a public interest litigation seeking a thorough investigation against all firms that have received FDI, Delhi High Court has sought a re.....

Tags : Delhi High Court, Reserve Bank of India, FDI policy

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President Pranab Mukherjee Gives Assent to Central Rule in Arunachal Pradesh(27.01.2016)

President Pranab Mukherjee has given his assent to Union Cabinet's recommendation for imposition of President's rule in Arunachal Pradesh.

Tags : Pranab Mukherjee, President's rule, Arunachal Pradesh

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SC Denies to Interfere in Versova-Andheri-Ghatkopar Metro Fares Issue(28.01.2016)

Supreme Court has denied to interfere in ongoing petition in Bombay High Court over Versova-Andheri-Ghatkopar Metro fares.

Tags : SC, Versova-Andheri-Ghatkopar Metro Fares Issue

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SC Asks Govt. to Explain President’s Rule in AP(28.01.2016)

Supreme Court has expressed its displeasure over Arunachal Pradesh Governor’s counsel and issued notice to Govt. as to why it was not informed about r.....

Tags : Supreme Court , President’s Rule in AP

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If there is a specific contract between the parties that proscribes award of interest, award of pre-reference interest would be impermissible(20.12.2021)

The Petitioner (the 'Railway') has filed the present petition under Section 34 of the Arbitration and Conciliation Act, 1996 ('A and C Act') impugning.....

Tags : Award, Interest, Validity

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NGT to Govt.: Consider Setting Up of ETPs Instead of STPs for Treating Sewage Water(15.01.2016)

NGT has directed Central Pollution Control Board (CPCB) and Union Ministry of Environment and Forests (MOEF) to consider setting up effluent treatment.....

Tags : NGT , Central Pollution Control Board , Union Ministry of Environment and Forests

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RBI Permits Banks to Offer More Services Via Offsite ATMs(15.01.2016)

Reserve Bank of India (RBI) has said that banks are now free to offer all their products and services through the ATM channels provided technology per.....

Tags : Reserve Bank of India, ATM

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RBI: Aadhaar is Not Mandatory for DBT Scheme(15.01.2016)

Reserve Bank of India (RBI) has said in a clarification on Direct Benefit Transfer (DBT) Scheme that use of Aadhaar cards and seeding of bank accounts.....

Tags : Reserve Bank of India, Direct Benefit Transfer, Aadhaar

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SEBI Issues SEBI (Delisting of Equity Shares) (Amendment) Regulations, 2016(15.01.2016)

Securities and Exchange Board of India (SEBI) has issued Securities and Exchange Board of India (Delisting of Equity Shares) (Amendment) Regulations,.....

Tags : SEBI (Delisting of Equity Shares) (Amendment) Regulations, 2016

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SC: Development More Important Than Tigers(21.01.2016)

SC, while hearing a matter which challenged development projects, over stretch of NH-7 between Nagpur and Jabalpur passing through Pench tiger reserve.....

Tags : SC, Pench tiger reserve

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RBI Simplifies Gold Monetisation Scheme(22.01.2016)

Reserve Bank of India (RBI) has simplified Gold Monetisation Scheme (GMS) for bulk depositors, in order to help temple boards to do so and also allowe.....

Tags : Reserve Bank of India , Gold Monetisation Scheme

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Interest Free Loans to IIT Students(04.08.2016)

Interest subvention on the education loans to be provided, for all students admitted for undergraduate and the 5-year integrated degree programmes in .....

Tags : Loans, Interest Free, IIT students

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Commercial wisdom of the CoC expressed after due deliberation has to be given weight(21.12.2021)

Present Appeal has been filed by an Unsuccessful Resolution Applicant challenging the order of the Adjudicating Authority by which the Adjudicating Au.....

Tags : Resolution plan, Approval, Legality

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CBDT Relaxes Taxation Norms for Bonds, Debentures Held by Companies(23.03.2016)

Central Board of Direct Taxes (CBDT), while easing the norms, has said capital gains tax will be computed from the date of acquisition of financial in.....

Tags : Central Board of Direct Taxes , Bonds, Debentures

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RBI Eases LCR Norm(25.03.2016)

Reserve Bank of India (RBI) has given bankers more flexibility in maintenance of Liquidity Coverage Ratio (LCR) under Basel III by tweaking certain no.....

Tags : Reserve Bank of India, Liquidity Coverage Ratio

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Govt. Fixes Debt to Capital, Free Reserve Ratio for Govt. Companies(25.03.2016)

Ministry of Corporate Affairs has notified the debt to capital and free reserves ratio for government companies that are into housing finance.

Tags : Ministry of Corporate Affairs, Debt to Capital, Free Reserve Ratio

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Haryana Assembly Passes Jat Reservation Bill(29.03.2016)

Haryana Assembly has passed the Haryana Backward Classes (Reservation in Services and Admission in Educational Institutions) Bill, 2016 and the Haryan.....

Tags : Haryana Assembly , Jat Reservation Bill

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Madras HC Acquits Depressed Engineer Who Poisoned His Son(30.03.2016)

Madras HC has acquitted an engineer who poisoned his five-year-old son to death out of “severe depression” developed after a road accident in which he.....

Tags : Madras HC, Acquits , Depressed Engineer

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RBI: Fixed Rate Loans up to 3 Years to be Based on Marginal Cost(30.03.2016)

Reserve Bank of India (RBI) has asked banks to price fixed rate loans of up to three years based on their marginal cost of fund from April 1.

Tags : Reserve Bank of India, Fixed Rate Loans

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RBI Increases Investment Limit of FPIs(30.03.2016)

Reserve Bank of India (RBI) has increased investment limit of Foreign Portfolio Investors (FPIs) in central government bonds to Rs 2 lakh crore, from .....

Tags : Reserve Bank of India, Foreign Portfolio Investors

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Renewal of lease is a privilege and if a tenant wishes to claim privilege, he must do so strictly within the time limited for the purpose(14.02.2017)

Appeals have been preferred by Orissa Industrial Infrastructure Development Corporation ('IDCO') and also by Jindal Stainless Ltd. aggrieved by impugn.....

Tags : Land, Resumption, Direction, Validity

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Resolution process has to be completed within the period stipulated under Section 12 of IBC(01.12.2021)

The Committee of Creditors of Amtek Auto Limited through Corporation Bank (‘COC’) has preferred the present appeal feeling aggrieved and dissatisfied .....

Tags : Resolution Process, Time period

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SC Says, Coaching Centres Must Go from Residential Areas(09.03.2016)

Supreme Court has said coaching centres in residential areas are a nuisance to women and the elderly and must shift out to commercial premises or inst.....

Tags : Supreme Court ,coaching centres

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RBI to Banks: Pay Interest on Savings Account Every Quarter(16.03.2016)

Reserve Bank of India (RBI) has asked banks to pay interest on their customers’ savings accounts on a quarterly basis or shorter duration.

Tags : Reserve Bank of India, savings accounts

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RBI Issues Norms for PDs in Exchange-Traded Currency Futures(18.03.2016)

Reserve Bank of India (RBI) has issued guidelines permitting standalone Primary Dealers (PDs) to participate in exchange-traded currency futures on ap.....

Tags : Reserve Bank of India , Primary Dealers, Currency Futures

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RBI Revises Rules for Resolution of Stressed MSME Loans(18.03.2016)

Reserve Bank of India (RBI) has revised rules pertaining to revival of advances to small businesses and asked lenders to form district-level committee.....

Tags : Reserve Bank of India , MSME

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RBI Permits Banks to Adjust Excess Pension(18.03.2016)

Reserve Bank of India (RBI) has allowed banks to adjust excess or wrongful payments to pensioners with their accounts. In case the entire amount could.....

Tags : Reserve Bank of India , Pension

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RBI Relaxes Reporting Requirement of NEFT Transactions(18.03.2016)

Reserve Bank of India (RBI) has said it is discontinuing provision where banks had to submit data pertaining to NEFT (National Electronic Fund Transfe.....

Tags : Reserve Bank of India, NEFT Transactions

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SC Seeks Centre’s Response on Plea for AIDS Centres in All Districts(21.03.2016)

Supreme Court has sought response from Centre on a plea seeking setting up of exclusive HIV/AIDS treatment centres in all districts and prisons of the.....

Tags : Supreme Court , AIDS Centres

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Decision of the CoC’s ‘commercial wisdom’ is non¬ justifiable, except on limited grounds(17.12.2021)

Present appeals assail the judgment and order passed by the National Company Law Appellate Tribunal, New Delhi (“the NCLAT”), thereby allowing the app.....

Tags : Resolution Plan, Process, Commercial wisdom

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There is no absolute right in favour of the delinquent officer’s to be represented in the departmental proceedings through the agent of his choice(04.01.2022)

The Appellant Bank has preferred the present appeal against the impugned judgment passed by the High Court, by which, the Division Bench of the High C.....

Tags : Direction, Representation, Choice

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Arbitral tribunal has power to award future interests on the awarded amounts, which as expressly provided under Section 31(7)(a), may include interests on the amounts awarded(19.04.2022)

The Petitioner has issued a Notice Inviting Tender for three construction projects. The Respondent being the successful bidder entered into an agreeme.....

Tags : Interest on award, Arbitral Tribunal

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NCDRC Imposes Penalty on Jaypee Group(10.05.2016)

National Consumer Disputes Redressal Commission (NCDRC) has ordered Jaypee Group to pay 12% annual penalty to home buyers in Kalypso Court project in.....

Tags : National Consumer Disputes Redressal Commission, Jaypee Group

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RBI Issues Shareholding Norms for Private Sector Banks(13.05.2016)

Reserve Bank of India (RBI) has issued new guidelines on ownership in private sector banks by bundling shareholding patterns into two broad categories.....

Tags : Reserve Bank of India, Private Sector Banks

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RBI Issues Guidelines for Voluntary Surrender of Licence by PSOs(13.05.2016)

Reserve Bank of India (RBI) has issued guidelines for voluntary surrender of licence by Payment System Operators (PSOs) under Payment & Settlements Sy.....

Tags : Reserve Bank of India , PSOs

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SC Seeks Reply on Plea for Release of Imprisoned Pakistani Survivor in Samjhauta Blasts Case(16.05.2016)

SC has sought responses from Centre and Punjab on plea of father of a Pakistani national, who landed in Amritsar jail after surviving the 2007 terror .....

Tags : SC, Samjhauta Express

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NCDRC Imposes Fine of Rs 64 Lakh on Delhi Hospital, Doctors for Negligence(16.05.2016)

National Consumer Disputes Redressal Commission (NCDRC) has imposed fine of Rs 64 lakh on a Delhi-based private hospital and three of its doctors for.....

Tags : National Consumer Disputes Redressal Commission, Hospital, Doctors

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RBI’s Nod to FPIs to Invest in Unlisted Debt Securities(17.05.2016)

Reserve Bank of India (RBI) has allowed Foreign Portfolio Investors (FPIs) to invest in unlisted debt securities as well as in securitised debt instru.....

Tags : Reserve Bank of India , Foreign Portfolio Investors

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Delhi HC Refuses to Intervene with WFI’s Decision on the 74kg Rio Olympics Berth(17.05.2016)

Delhi HC, while hearing plea filed by Indian Wrestler Sushil Kumar regarding the 74kg Rio Olympics berth, has refused to intervene in the matter and a.....

Tags : Delhi HC, Wrestling Federation of India, Sushil Kumar

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Right to residence is not an indefeasible right of residence in shared household especially when the daughter-in-law is pitted against aged father-in-law and mother-in-law(17.05.2021)

In instant case, Parties to the present petition are related to each other in a way that Petitioner is the daughter-in-law and Respondents are her par.....

Tags : Right, Shared household, Beneficial interest

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Liability to pay the interest on compensation shall be from the date of accident(11.03.2022)

The heirs of the deceased – labourer working on sugarcane field have preferred the present appeal against the impugned judgment passed by the High Cou.....

Tags : Compensation, Interest, Entitlement

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RBI Issues Guidelines on PSLCs(08.04.2016)

Reserve Bank of India (RBI), has released guidelines for Priority Sector Lending Certificates (PSLCs), where banks can buy and sell instruments to man.....

Tags : Reserve Bank of India, Priority Sector Lending Certificates

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Uttarakhand HC Denies to Stay Disqualification of Rebel Congress MLAs(13.04.2016)

Uttarakhand HC has refused to grant an interim stay on “disqualification” of nine rebel Congress MLAs who, on March 18, had voted against the Appropri.....

Tags : Uttarakhand HC, Congress MLAs

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RBI Amends Norms on Bank Frauds(19.04.2016)

Reserve Bank of India (RBI), while amending disclosure norms, has asked banks to disclose fraud cases and make provisions for them not exceeding four .....

Tags : Reserve Bank of India, Bank Frauds

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SC Raps States, UTs over Illegal Religious Structures(19.04.2016)

SC has rapped States and Union Territories for their failure to comply with its directions to file affidavits spelling out steps they have taken for r.....

Tags : SC, States, Union Territories, illegal religious structures

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Uttarakhand HC to Centre: President Can Be Wrong(20.04.2016)

Uttarakhand HC, while hearing a petition by deposed chief minister Harish Rawat challenging the President’s Rule, has said, “The President can be an e.....

Tags : Uttarakhand HC, President’s Rule

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Uttarakhand HC: Travesty of Justice if Centre Revokes President's Rule Now(21.04.2016)

Uttarakhand HC has said that it would be a travesty of justice if Centre recalls its order imposing President's rule and allows someone else to form a.....

Tags : Uttarakhand HC, President's Rule

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Uttarakhand High Court Turns Down President's Rule in Uttarakhand(22.04.2016)

Uttarakhand High Court has set aside the imposition of President's Rule in the State.

Tags : Uttarakhand High Court, President's Rule

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Delhi HC Seeks Centre's Response over RBI's Circular on E-Retail(22.04.2016)

Dellhi HC has sought Centre's response on petition challenging a circular by Reserve Bank of India (RBI), as per which retail trading in any form thro.....

Tags : Dellhi HC , Reserve Bank of India

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Date of filing of refund application needs to be taken for grant of interest(05.04.2022)

The issue involved is whether the Appellant is entitled for interest in respect of the refund claim already granted. The brief facts of the case are t.....

Tags : Refund, Interest, Grant

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Indirect Tax Dispute Resolution Scheme Rules, 2016(31.05.2016)

The Ministry of Finance introduced Rules to give effect to Section 18 of the Finance Act 2016.

The Rules provide declarations and manner of.....

Tags : indirect tax, dispute resolution, finance act, 2016

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Restriction on redemption of Mutual Funds(31.05.2016)

In efforts to quell disparity in imposition of restrictions on redemption of mutual funds, the Securities and Exchange Board of India clarified that r.....

Tags : mutual fund, redemption, restriction, sebi

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Direct Tax Dispute Resolution and Equalisation Levy effective 1 June 2016(31.05.2016)

The Direct Tax Dispute Resolution Scheme 2016 under Chapter X of the Finance Act 2016 came into effect on 1 June 2016. Declarations in respect of tax .....

Tags : direct tax, dispute resolution, equalisation levy, finance act, 2016

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Arvind Kumar Singh resigns from Rajya Sabha(06.06.2016)

Arvind Kumar Singh, Member of the Rajya Sabha for the State of Uttar Pradesh resigned effective 6 June 2016.

Tags : rajya sabha, member, resignation

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Statute provides for mandatory payment of interest and there is no discretionary power with the Revenue Authority in the matter of interest(25.05.2022)

The issue involved in present appeal is whether the Commissioner (Appeals) has rightly rejected the claim of interest, on the grant of belated refunds.....

Tags : Refund, Interest, Entitlement

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Interest earned by the assessee on surplus held with cooperative banks would be eligible for deduction under Section 80P(2)(d) of the IT Act(20.05.2022)

The Revenue is in appeal in respect of the allowability of deduction under Section 80P(2)(d) of the Income Tax Act, 1961 (IT Act) in respect of intere.....

Tags : Interest, Deduction, Eligibility

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DRT is also a civil court and its order would operate as res judicata(11.07.2022)

Present civil revision under Section 115 of the Code of Civil Procedure, 1908 ("CPC") has been filed by the applicants challenging the order passed by.....

Tags : Principles, Res judicata, DRT

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RBI Imposes Rs 27-Crore Penalty on 13 Banks for FEMA Violations(28.07.2016)

Reserve Bank of India (RBI) has penalized 13 banks and slapped a fine of Rs 27 crore for violation of Foreign Exchange Management Act (FEMA) provision.....

Tags : Reserve Bank of India , FEMA, banks

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RBI: Retail Investors can Access G-Sec Market(29.07.2016)

Reserve Bank of India (RBI) has said that retail investors can access Government Securities (G-Sec) market, in a seamless manner from August 16.

Tags : Reserve Bank of India, G-Sec, retail investors

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Ethypharm Books Indian Patent for Crush Resistant Oxycodone(01.08.2016)

French pharmaceutical manufacturer, Ethypharm has booked an Indian patent for a crush-resistant, water insoluble form of pain killer drug oxycodone.

Tags : Ethypharm, Patent , Crush Resistant Oxycodone

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President Gives Assent to Lokpal and Lokayuktas (Amendment) Act, 2016, Along with Other Two(01.08.2016)

President has given assent to the Child Labour (Prohibition and Regulation) Amendment Act, 2016, the Regional Centre for Biotechnology Act, 2016 and t.....

Tags : President, the Child Labour (Prohibition and Regulation) Amendment Act, 2016, the Regional Centre for Biotechnology Act, 2016 , the Lokpal and Lokayuktas (Amendment) Act, 2016

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SC Seeks Centre's Reply on Denial of Tax Relief to Congress in Year 1994-95(02.08.2016)

SC has sought answers from Centre on petition filed by Congress, over not getting exemption from paying tax under Section 13A of I-T Act for year 199.....

Tags : SC, Centre , Delhi HC, Congress

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SC to Centre: File Status Report on Seized Contraband, Rehab Centres(02.08.2016)

SC has asked Centre to file status report on implementation of the court’s guidelines for foolproof storage and disposal of seized drugs to prevent th.....

Tags : SC , Seized Contraband, Rehab Centres, Centre

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Lok Sabha Passes Bill Seeking Expeditious Recovery of Bad Loans by Banks(02.08.2016)

Lok Sabha has passed the Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016, which provid.....

Tags : Lok Sabha, Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016

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No party has any vested right in the forum(05.02.2018)

Present revision application challenges the judgment made by the District Judge, (Appeal Court) allowing Civil Appeal instituted by Respondent Nos. 1A.....

Tags : Possession, Restoration, Bonafide need

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Mere taking of cenvat credit in book of account would not entail interest and penalty unless same is drawn from account of the government by way of refund or utilisation against duty dues(23.01.2019)

Appellant manufactures bright bar of stainless steel, and mild steel and mild steel wire. It has registered under the Central Excise Act. It availed c.....

Tags : Duty demand, Interest, Penalty

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Arbitrator has the inherent discretion to grant post-award interest(01.09.2022)

Present appeal arises from a judgment of the High Court by which the appeal under Section 37 of the Arbitration and Conciliation Act 1996 against a ju.....

Tags : Discretion, Award, Interest

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Consultation Paper on In-building Access by Telecom Service Providers(06.06.2016)

TRAI released a paper analysing impediments faced b.....

Tags : trai, broadband, access, shared space, commercial, residential

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Business entities’ engaging senior advocates to pay service tax(06.06.2016)

After appearing to relent on charging service tax when soliciting the services of a senior advocate, the Ministry of Finance confirmed imposition of t.....

Tags : service tax, senior advocate, representational services, business entity

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Any amount deposited during investigation has to be treated as pre-deposit and the same is neither hit by limitation nor by unjust enrichment(27.09.2022)

The issue involved in present appeal is whether the Court below have erred in reducing the amount of refund, which was in the nature of pre- deposit, .....

Tags : Pre-deposit, Refund, Interest

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Restrictions on Promoters and Whole-Time Directors of Compulsorily Delisted Companies Pending Fulfillment of Exit Offers to the Shareholders(07.09.2016)

In terms of section 21A of the Securities Contracts (Regulation) Act, 1956 (SCR Act) read with rule 21 of the Securities Contracts (Regulation) Rules,.....

Tags : Restrictions, Promoters, Delisted Companies, Investors interest, Protection

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Gujarat HC Refers Subsidised Rates Allotment of Plots Case Involving Judges to Larger Bench(12.08.2015)

Gujarat High Court has referred case dealing with allotment of residential plots to judges by Gujarat Government in a posh locality at subsidised ra.....

Tags : Gujarat High Court , Subsidised Rates Residential Plots Allotment

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Supreme Court Rests Gujarat HC’s Notices on Judges' Plot Allotment(13.08.2015)

Supreme Court has put a stay on notices issued by Gujarat High Court to it's current and former judges and also a sitting SC judge over subsidised al.....

Tags : Supreme Court,subsidised allotment of residential plots case

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Delhi High Court Seeks Details of Actual Forest Area in Capital(13.08.2015)

Delhi High Court has sought details of actual forest area in capital from government observing that “extent of forest shown on paper is not true pictu.....

Tags : Delhi High Court, forest

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Supreme Court Dismisses Appeal Filed by Union Government Draging Armymen Into it(13.08.2015)

Supreme Court has dismissed an appeal filed by Union Government against an order of Delhi HC granting benefit to civilian employees in Army under Assu.....

Tags : Supreme Court , Armymen ,Assured Career Progression (ACP) scheme

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RBI Strikes Down Registration Certificate of Seven NBFCs(18.08.2015)

Reserve Bank of India (RBI) has cancelled certificate of registration of seven Non-Banking Financial Companies (NBFCs) including that of Religare Fina.....

Tags : Reserve Bank of India,NBFCs

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RBI Authorises Select Bank Branches to Collect Advance Tax(16.08.2016)

Reserve Bank of India (RBI) has authorised various bank branches, including those of SBI, ICICI, HDFC Bank, PNB and Bank of Baroda, to collect income .....

Tags : Reserve Bank of India, Advance Tax

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President Gives Assent to Recovery Laws(19.08.2016)

President has given assent to the Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016.

Tags : President, Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016

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Section 14A of IT Act will not apply, if no exempt income is received or receivable during the relevant previous year(06.10.2022)

Present Income Tax Appeal has been filed challenging the Impugned Order passed by the Income Tax Appellate Tribunal ('ITAT') for the Assessment Year 2.....

Tags : Assessment, Expenses, Interest

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Onus for submitting bona fide documents to the department is on a candidate and any misrepresentation or concealment of facts tantamount to forgery(09.11.2022)

The applicant was initially engaged as casual Khallasi under the Railway. On the basis of a Circular dated 28th February, 2001 issued by the Railway d.....

Tags : Misrepresentation, Appointment, Eligibility

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RBI Notifies Increase in FPI Holding Limits(07.10.2015)

Reserve Bank of India (RBI) has notified that Foreign Portfolio Investors (FPI) would be able to hold up to R1.66 lakh crore worth of government secur.....

Tags : Reserve Bank of India ,Foreign Portfolio Investors

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Hyderabad High Court Denies Permission to MRPS’s Hunger Strike at Tullur(08.10.2015)

Hyderabad High Court has denied permission to Madiga Reservation Porata Samithi (MRPS) for carrying a mass hunger strike at Tullur, Guntur district , .....

Tags : Hyderabad High Court.Madiga Reservation Porata Samithi

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RBI Boosts Affordable Housing(09.10.2015)

Reserve Bank of India (RBI) has said that banks could provide home loans up to 90% for properties that cost up to Rs 30 lakh, giving a boost to low-co.....

Tags : Reserve Bank of India,banks

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RBI Turns Net Seller of Foreign Currency in August(13.10.2015)

Reserve Bank of India (RBI) for the first time in the past one year has turned net sellers of foreign currency in August to help arrest the slide in t.....

Tags : Reserve Bank of India (RBI),Foreign Currency

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Yes Bank Gets RBI Approval for MF and AMC(13.10.2015)

Yes Bank has received Reserve Bank of India (RBI) approval to set up a mutual fund asset management company and trustee company as wholly owned subsid.....

Tags : Yes Bank, Reserve Bank of India

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Apple Loses Patent Suit to WARF(14.10.2015)

Wisconsin Alumni Research Foundation (WARF) sued Apple in January 2014 alleging infringement of its 1998 patent for improving chip efficiency and US j.....

Tags : Wisconsin Alumni Research Foundation, Apple, patent

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CIC Imposes Penalty of Re 1 on RTI Applicant(21.09.2016)

Central Information Commission (CIC) has slapped penalty of Re one on an RTI applicant who was acting as a front for a pesticide lobbying group seekin.....

Tags : Central Information Commission, JNU research, penalty

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At the stage of show cause, the person proceeded against must be told about the charges against him(24.12.2022)

The Petitioner is an existing college in the State which was granted approval by the respondent-Pharmacy Council of India (PCI) to undertake admission.....

Tags : Recognition, Restoration, Issuance

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Review of the capacity planning framework of stock exchanges and clearing corporations(08.10.2015)

Due to an increase in trading volume resulting from a growth of the stock market, the Securities and Exchange Board of India has reiterated the need f.....

Tags : Due to an increase in trading volume resulting from a growth of the stock market, the Securities and Exchange Board of India has reiterated the need for stock exchanges and clearing corporations to maintain sufficient capacity to be able to handle the increased demand. Some of new directions with regards to capacity are: installed capacity being at least one and a half times of projected peak load; and all software and hardware needs to be adequately sized to meet the requirements.

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Financial Action Task Force (FATF) Public Statement dated June 24, 2016(20.09.2016)

The Financial Action Task Force (FATF) has called on its members and other jurisdictions to apply counter-measures to protect the international financ.....

Tags : Money laundering, Terrorist financing, Measures

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CIC to Forest Authorities: Whether Forest Clearance Granted to Polavaram Project(01.10.2015)

Central Information Commissioner (CIC) has ordered Union Ministry of Environment and Forests to inform whether forest rights of tribal people were rec.....

Tags : Central Information Commissioner,Union Ministry of Environment and Forests

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RBI: No Foreign Exchange Act Action against Declarant for Disclosure Under Black Money Window(01.10.2015)

Reserve Bank of India (RBI) has said no action under FEMA will be taken against declarations under one-time black money compliance window. RBI has alr.....

Tags : Reserve Bank of India ,FEMA ,black money compliance window

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RBI Eases MFI Norms to Provide Cheaper Loans to SCs Below Double Poverty Line(05.10.2015)

Reserve Bank of India (RBI) has eased micro finance norm of maximum 4 % variance in interest rates for small loans offered to Scheduled Castes (SCs ).....

Tags : Reserve Bank of India , SC

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SC Stays Delhi HC Order on Probe Agencies' Power to Arrest(28.09.2016)

SC, while providing relief to agencies dealing with customs, excise and service tax evasions, has stayed operation of a Delhi High Court order restrai.....

Tags : SC, Delhi High Court, Power to Arrest

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Delhi HC Asks Centre’s Opinion on Capping of Airfares(29.09.2016)

Delhi HC has sought the Centre’s reply on a plea seeking capping of airfares across the country so that flyers are not fleeced by airlines.

Tags : Delhi HC , Centre, Airfares

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Delhi HC Seeks Government Opinion on Implementing Food Security Act(03.10.2016)

Delhi HC has sought Delhi Govt.’s response on a PIL seeking a direction to it to implement National Food Security Act to ensure good health to childre.....

Tags : Delhi HC, National Food Security Act, Anganwadi Centres

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Scheme for Sustainable Structuring of Stressed Assets – Revisions(10.11.2016)

We invite a reference to the paragraph 6 of the Statement on Developmental and Regulatory Policies issued by RBI on October 4, 2016. It was proposed t.....

Tags : Scheme, Stressed assets, Structuring

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Gujarat High Court Allows Govt. to Take Necessary Action at Swetang's Funeral(31.08.2015)

Gujarat High Court has allowed administration to take appropriate action, including imposition of curfew, to maintain law and order on State Governmen.....

Tags : Gujarat High Court, Swetang, Patel Reservation

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Bombay High Court Slams NGT for Stalling Development(11.09.2015)

Bombay High Court has slammed National Green Tribunal’s (NGT) decision opposing NH7 stretch passing through eco-sensitive zone of Pench Tiger Reserve .....

Tags : Bombay High Court,National Green Tribunal,Pench Tiger Reserve

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NGT Directs Closure of Industrial Units in Residential Areas(01.09.2016)

National Green Tribunal (NGT) has irked over menace of unauthorised industrial units running in residential areas and directed Centre and Delhi Govern.....

Tags : National Green Tribunal, Industrial Units , Residential Areas

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RBI to CICs: Give FFCR to Individuals Once a year(02.09.2016)

Reserve Bank of India (RBI) has directed Credit Information Companies (CICs) to provide access to one Free Full Credit Report (FFCR), including credit.....

Tags : Reserve Bank of India, CICs, FFCR t

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ESIC Raises Wage Threshold to Rs. 21,000(07.09.2016)

Employees' State Insurance Corporation (ESIC) has raised monthly wage threshold to Rs 21,000, from the current Rs 15,000, for coverage under its healt.....

Tags : ESIC, Wage Threshold

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President Approves GST Bill(08.09.2016)

President Pranab Mukherjee has signed the Government's flagship Goods and Services Tax or GST Bill.

Tags : GST Bill, President

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Section 220(2) of IT Act does not empower the revenue to demand interest relating back to a set aside order, when a fresh assessment order has been passed thereafter(17.11.2022)

The Assessee is engaged in the business of network design, management, communication, connectivity services and related products. The Assessee filed i.....

Tags : Interest, Deletion, Legality

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Dispute as to inheritance of shares is a civil dispute cannot be decided in proceedings under Section 241/242 of Companies Act, 2013(06.07.2020)

Present appeals have been preferred against the judgment passed by the National Company Law Appellate Tribunal, New Delhi, (‘the NCLAT’) in Company Ap.....

Tags : Shares, Civil dispute, Maintainability

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In the absence of obligation to deduct tax at source, the assessee cannot be held to be an assessee in default(10.01.2023)

The Appellant is a company incorporated under the provisions of the Companies Act, 1956. It is engaged in the business of dealing in flats constructio.....

Tags : Assessment, Interest, Liability

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RBI Issues Gold Bonds Operational Guidelines(05.11.2015)

Reserve Bank has issued operational guidelines for Sovereign Gold Bonds, 2015-16 and mandated some operational procedures for Commercial banks and pos.....

Tags : Reserve Bank of India, Commercial banks , post offices, Gold Bonds Operational Guidelines

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NGT Bans Construction Near Bhopal Forest Area(06.11.2015)

National Green Tribunal (NGT) has banned with immediate effect all building construction permissions within 1 km from boundary of forest land in Kerwa.....

Tags : National Green Tribunal , Bhopal Forest Area

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RBI Includes Bandhan Bank in Second Schedule List(06.11.2015)

Reserve Bank of India (RBI) has said that Bandhan Bank is now included in the second schedule list, making it eligible for loans from the central bank.....

Tags : Reserve Bank of India , Bandhan Bank

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RBI Stop to Barter Trade on Indo-Myanmar Border(06.11.2015)

Reserve Bank of India (RBI) has decided to officially stop barter system, which is trading of goods without exchange of money, at Indo-Myanmar border......

Tags : Reserve Bank of India , Barter Trade , Indo-Myanmar Border

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Delhi HC Stays Look Out Notice against Meat Exporter Moin Qureshi(26.10.2016)

Delhi High Court while staying Look Out Circular issued against Meat Exporter Moin Qureshi, has asked him to appear before Enforcement Directorate for.....

Tags : Delhi High Court, Meat Exporter, Moin Qureshi

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Bombay HC Notices NMC over Empress Mall Violations Case(27.10.2016)

Bombay High Court has issued notice to Nagpur Municipal Corporation (NMC) and its other departments on their failure to take action against owners of .....

Tags : Bombay HC, Empress Mall, fire Safety

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Consumer Forum Orders 3 Months Jail Term to Chennai Based Builder(02.11.2016)

Northern Chennai District Consumer Disputes Redressal Forum has ordered three months imprisonment for a city-based realtor, in a case in which Chennai.....

Tags : Chennai District Consumer Disputes Redressal Forum, builder

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High Court should not ordinarily exercise its extraordinary writ jurisdiction, if an effective and efficacious alternate remedy is available(16.03.2022)

The instant writ petition under Article 226 and 227 of the Constitution of India, 1950 has been filed on behalf of the Petitioner seeking issuance of .....

Tags : Investigation, Immediate arrest, Issuance

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Once the resolution plan is finalized then all the claims get extinguished(28.02.2023)

Case set up by the Appellant is that, he had purchased an immovable property from Narendra Solves Pvt. Ltd. vide sale deed dated 18th February, 2015 a.....

Tags : Resolution plan, Approval, Claim

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Format for Business Responsibility Report(04.11.2015)

The Securities and Exchange Board of India released a ‘Suggested Format for Business Responsibility Report’ pursuant to the SEBI (Listing Obligations .....

Tags : Business responsibility, listed entities, format

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Workshop On "Forest Rights Act, 2006 - its Implementation, Benefits to Tribal and other Traditional Forest Dwelling Communities(27.10.2016)

A Workshop on "Forest Rights Act, 2006 - its Implementation, benefits to tribal and other traditional forest dwelling communities and its challenges" .....

Tags : Workshop, Forest rights, Implementation

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Karnataka HC: State Can’t Levy FDT on Private Mining Lease-Holders(04.12.2015)

Karnataka HC has held that private mining or quarrying lease-holders in forest areas are not liable to collect Forest Development Tax (FDT) when they .....

Tags : Karnataka HC, Forest Development Tax

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RBI Revises Priority Sector Lending Norms for RRBs(04.12.2015)

Reserve Bank of India (RBI) has revised the priority sector lending target for Regional Rural Banks (RRBs) to 75% of total outstanding loans from 60% .....

Tags : Reserve Bank of India, Regional Rural Banks

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Punjab and Haryana HC: Neutral Authority Should Watch Rehab Centres(07.12.2015)

Punjab and Haryana HC has asked Punjab, Haryana and Chandigarh to explore if they were ready to appoint separate authority for independent monitoring .....

Tags : Punjab and Haryana HC, Punjab, Haryana , Chandigarh, rehabilitations centres

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RBI Cancels License of 56 NBFCs(07.12.2015)

Reserve Bank of India (RBI) has cancelled a bulk of Non-Banking Financial Companies (NBFCs) Licence, for either violating regulatory norms or surrende.....

Tags : Reserve Bank of India , Non-Banking Financial Companies

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RBI Permits Indian Subsidiaries of MNCs to Hedge Forex Exposure(07.11.2016)

Reserve Bank of India (RBI) has allowed Indian subsidiaries of multinational companies to hedge their foreign currency exposure through derivatives, O.....

Tags : Reserve Bank of India, Indian subsidiaries, foreign currency

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SC Notices Centre over Plea Seeking Disqualification of Convicted Representatives(08.11.2016)

Supreme Court has issued a notice to Centre in a plea seeking disqualification of Elected Representatives by Election Commission of India upon convict.....

Tags : Supreme Court, Elected Representatives, disqualification, conviction

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Madras HC Rejects Petition on CM’s Thumb Impression(08.11.2016)

Madras High Court has quashed Public Interest Litigation filed by activist K R 'Traffic' Ramaswamy challenging consent for nomination by Chief Ministe.....

Tags : Madras High Court, thumb impression, Chief Minister

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In order to qualify the debt to be a 'financial debt', it is necessary that the amount advanced to the Corporate Debtor is against the time value of money(22.03.2023)

The instant Appeal under Section 61 of the Insolvency and Bankruptcy Code, 2016 (IBC) has been preferred by the Appellant being aggrieved and dissatis.....

Tags : Resolution Process, Initiation, Financial Debt

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RBI announces Marginal Cost of Funds Methodology for Interest Rate on Advances(17.12.2015)

The Reserve Bank of India has released final g.....

Tags : Interest rates, marginal cost, rbi

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Arun Jaitley: Print Media needs to accept challenges put forth by Digital Age(29.12.2015)

The Minister of Information & Broadcasting, Finance and Corporate Affairs has called on print media to maintain its presence and sustain growth in eve.....

Tags : Press report, print media, objectivity

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Acceptance of Shri B. Janardhan Reddy's resignation as Chairman of the Central Advisory Board(24.11.2016)

In pursuance of the powers conferred by rule 8 of the Minimum Wages (Central) Rules, 1950, it is hereby published for information of the public that t.....

Tags : Resignation, Chairman, Acceptance

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Unless there is a specific bar under the contract, it is always open for the Arbitrator/Arbitral Tribunal to award pendente lite interest(17.03.2023)

The Indian Railway Construction Company Limited ("IRCON") has preferred the present appeal feeling aggrieved and dissatisfied with the impugned judgme.....

Tags : Award, Interest, Grant

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Bombay HC Asks CARA to Explain New Online Adoption Guidelines(18.11.2015)

Bombay High Court has asked Central Adoption Resources Agency (CARA) to look into the grievances of adoption agencies and adoptive parents regarding i.....

Tags : Bombay HC,Central Adoption Resources Agency

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RBI Clears Way for Mergers and Acquisitions in Banking Industry(20.11.2015)

Reserve Bank of India (RBI) has said that it permit promoters/investors to own more than 10% if applicant meets certain conditions including if `it is.....

Tags : Reserve Bank of India, Mergers and Acquisitions in Banking Industry

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RBI Permits Regional Rural Banks (RRB) to Launch Internet Banking(20.11.2015)

Reserve Bank of India (RBI) has allowed strong regional rural banks to launch online transaction through internet banking. Profitable RRBs with minimu.....

Tags : Reserve Bank of India , RRB

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RBI’s Nod Mandatory to Buy 5% or More in Banks(20.11.2015)

Reserve Bank of India (RBI) has said that its prior approval will be required for acquisition of shares or voting rights in a private bank for increas.....

Tags : Reserve Bank of India , private bank

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Delhi HC: Will Be Unique Day When Litigants Decide Who Will Hear Their Case(18.10.2016)

Delhi High Court, while hearing plea of Congress leader Sajjan Kumar and others for transferring their case regarding 1984 anti-Sikh riots, alleging b.....

Tags : Delhi HC, Congress, Sajjan Kumar, 1984 anti-Sikh riots

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SC Rejects Farmers Plea against Land Acquisition(19.10.2016)

Supreme Court has dismissed petitions filed by farmers who had challenged the land acquisition for Rohini Residential Scheme-1981.

Tags : Supreme Court, Rohini Residential Scheme

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Delhi High Court refusal to interfere in ‘odd-even’(11.01.2016)

In most other decisions the High Court’s refusal to interfere with government policy on its merits and possible alternatives may seem mundane, but it .....

Tags : Delhi, odd-even, vehicle restriction

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Mere allocation of meagre amount cannot be a ground to question the resolution plan(03.04.2023)

The Appellant s is an Unsecured Financial Creditor who has vote share in the CoC of 0.264%. The plan has been approved by the CoC with more than 99% v.....

Tags : Resolution plan, Approval, Legality

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Interest should be charged from the date of notice under Section 148 of the IT Act itself and not from the date of return filed(19.04.2023)

The assessee is an individual and derives income mainly from interest and other sources. The return of income under Section 139 of Income Tax Act, 196.....

Tags : Assessment, Interest, Legality

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Government Sets-Up Tax Policy Research Unit and Tax Policy Council(03.02.2016)

Government has set-up Tax Policy Research Unit and Tax Policy Council to bring consistency, multidisciplinary inputs, and coherence in Tax Policy.

Tags : Government, Tax Policy Research Unit , Tax Policy Council

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Consumer Redressal Forum Imposes Fine on Hotel for Charging a Customer Over and Above MRP(04.02.2016)

Thane District Consumer Redressal Forum has held that charging a customer over and above the Maximum Retail Price (MRP) amounts to deficiency in servi.....

Tags : Consumer Redressal Forum , MRP

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RBI Updates Norms of Fema(05.02.2016)

Reserve Bank of India (RBI), with an aim to promote ease of doing business, has come out with nine updated rules under the Foreign Exchange Management.....

Tags : Reserve Bank of India , oreign Exchange Management Act (Fema), 1999

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RBI Announces Rs 10,000 Crore OMO Purchases(05.02.2016)

Reserve Bank of India (RBI) has announced an Open Market Operation (OMO) purchase of government securities worth Rs 10,000 crore on February 8.

Tags : Reserve Bank of India , Open Market Operation

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J&K High Court: Multiple Enquiries Against Delinquent Official on Same Charges Can be Possible(09.02.2016)

Jammu and Kashmir High Court has ruled that more than one preliminarily inquires can be held against a delinquent official on same charges provided su.....

Tags : Jammu and Kashmir High Court, preliminarily inquires

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Delhi HC Notices Home Ministry, ED over Alleged Detention of Moin Qureshi at Airport(20.12.2016)

Delhi High Court has issued notice to Home Ministry and Enforcement Directorate (ED) on a plea of controversial meat exporter Moin Qureshi alleging th.....

Tags : Delhi High Court, Moin Qureshi, Detention

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RBI Relaxes Deposits Norm of More Than Rs 5,000 in Old Denominations For KYC A/Cs(21.12.2016)

Reserve Bank of India has relaxed its notification, specifying that deposits of over 5000 rupees could be made only after furnishing a satisfactory re.....

Tags : Reserve Bank of India, Old Denominations, Deposits, KYC A/Cs, demonetisation

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If the trustees are removed from the trust, the charges against them are to be proved very strictly(24.04.2023)

The Appellant was the President of the sansthan/trust. The Respondent No. 3, the Joint Charity Commissioner, examined the Charity Inspector as well as.....

Tags : President, Suspension, Legality

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No police officer shall detain in custody a person arrested without warrant for a longer period(03.04.2023)

The Petitioners have filed present Petition under Article 226 of the Constitution of India for their release from custody in CR registered with Malaba.....

Tags : Arrest, Provisions, Compliance

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RBI Nods to Hike Service Charge on Deposits by Non-Chest Branches(22.01.2016)

Reserve Bank of India (RBI) has said currency chest holding branches can raise service charges to be levied on cash deposited by non-chest bank branch.....

Tags : Reserve Bank of India, Non-Chest Branches

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RBI Asks Banks to Extend loans to Women SHGs at 7 % Rate(22.01.2016)

Reserve Bank of India (RBI) has asked banks to provide loans up to Rs 3 lakh at 7 per cent interest rate to Women Self-Help Group (SHG) under the Nati.....

Tags : Reserve Bank of India, Women Self-Help Group

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Supreme Court Rules, Income from Palace Rents Not Taxable Under IT Law(06.12.2016)

Supreme Court has held that income earned by erstwhile rulers of a princely state or their heirs by renting out a portion of residential palace was no.....

Tags : Supreme Court, erstwhile rulers, princely state, residential palace, Income Tax

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Madras HC Directs Minority Schools to Conduct Refresher Courses for Teachers(06.12.2016)

Madras High Court has directed Government Aided & Unaided Minority Schools to take into consideration the interest and welfare of students studying in.....

Tags : Madras High Court, Refresher Courses, Aided & Unaided Minority Schools

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RBI Eases Authentication Rules for Online Card Transactions(07.12.2016)

Reserve Bank of India (RBI) has removed two-factor authentication for online card transactions involving sums up to Rs2,000 in a move aimed at simplif.....

Tags : Reserve Bank of India, Online Card Transactions

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RBI Releases Fifth Bi-monthly Monetary Policy Statement, 2016-17; Kept Repo Rate Unchanged(07.12.2016)

Reserve Bank of India (RBI) has released Fifth Bi-monthly Monetary Policy Statement, 2016-17 wherein it has kept Repo rate unchanged at 6.25 percent, .....

Tags : Reserve Bank of India , Monetary Policy, Reverse Repo, Repo rate

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Liability to pay advance tax arises only on the accrual of income in the hands of the assessee and not prior(11.07.2023)

The relevant facts in this case are that the assessment proceedings in assessee’s case for A.Y. 2014-15 were completed on. Thereafter, the AO had issu.....

Tags : Interest, Payment, Liability

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Central Registration Centre established under Companies Act, 2013(22.01.2016)

The Ministry of Corporate Affairs has established a Central Registration Centre to process and decide applications for reservation of names under the .....

Tags : Central registration, company, name, reservation

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President proclaims powers under Article 356 in Arunachal Pradesh(26.01.2016)

The President of India, Pranab Mukherjee, proclaimed powers of government, legislature and governor of the State of Arunachal Pradesh. The Government .....

Tags : Presidents rule, arunachal Pradesh, instability

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Companies (Incorporation) Amendment Rules, 2016(22.01.2016)

The Ministry of Corporate Affairs has notified Companies (Incorporation) Am.....

Tags : Company, incorporation, reservation of name

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Introduction of Interest Rate Options in India(29.12.2016)

As announced in the fourth bi-monthly Monetary Policy Statement 2016-17, it has been decided to introduce Interest Rate Options in India. The Reserve .....

Tags : Options, Interest rate, Introduction

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Interest is compensatory in nature and is parasitic on the principal amount(02.06.2023)

The present appeal has been insinuated under Section 37 of the Arbitration and Conciliation Act, 1996 seeking setting aside of the judgment whereby ob.....

Tags : Award, Interest, Legality

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Shareholders are excluded from 'representation', 'participation' or 'voting in the CoC' and are represented in the CoC only through the Directors(13.06.2023)

The Present Appeals are filed under Section 61 of the 'Insolvency and Bankruptcy Code, 2016' (IBC), against the Impugned Orders passed by the 'Adjudic.....

Tags : Resolution plan, Approval, Legality

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Modi Government Notifies Rules for Land Acquisition Bill 2013(21.12.2015)

Modi Government has notified rules for Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act 2013, pass.....

Tags : Modi Government, Land Acquisition, Rehabilitation and Resettlement Act 2013

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Glenmark Settles Patent Litigation over Milnacipran Hydrochloride Tablets(22.12.2015)

Glenmark Pharmaceuticals Inc., USA have entered into a settlement agreement with Forest Laboratories, LLC, Forest Laboratories Holdings, and Royalty P.....

Tags : Glenmark Pharmaceuticals Inc, Forest Laboratories, LLC, Forest Laboratories Holdings, , Royalty Pharma Collection Trust

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Gauhati HC Admits Plea of AP’s Dissident Congress MLAs(22.12.2015)

Gauhati HC has admitted a petition of dissident Congress MLAs of Arunachal Pradesh, who have challenged order of a single-bench that kept in abeyance .....

Tags : Gauhati HC,Arunachal Pradesh , Congress MLAs

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Hyderabad High Court Stays Arrest of Teenage Girl Parents who Died of Cardiac Arrest(15.11.2016)

Hyderabad High Court has granted a stay on arrest of Lakshmichand Samdhariya and his wife, parents of 13-year-old girl Aradhana, died of cardiac arres.....

Tags : Hyderabad High Court, Teenage Girl , cardiac arrest, fast

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Karnataka HC Dismisses Plea Challenging Election of Malavalli MLA(21.11.2016)

Karnataka High Court has dismissed a petition that questioned election of P.M. Narendraswamy of Congress to State Legislative Assembly from Malavalli .....

Tags : Karnataka High Court, Congress, State Legislative Assembly, Malavalli constituency

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Bombay HC Seeks RBI’s Response Over Inconsistencies in Demonetization Directives to Co-operative Bank(22.11.2016)

Bombay HC, while observing that prima facie there were some inconsistencies in two circulars issued by Reserve Bank to District Co-Operative Banks on .....

Tags : Bombay HC, Reserve Bank, Co-Operative Banks, demonetisation

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System-driven Disclosures in Securities Market(21.12.2016)

1. SEBI, vide circular dated December 01, 2015, had introduced the system-driven disclosures in securities market detailing the procedure to be adopte.....

Tags : System –driven, Disclosures, Introduction

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Government takes various measures to raise India's ranking in 'Ease of Doing Business' to top 50 in the world(20.12.2016)

Government of India in its efforts to improve the business climate of the country and also improve country's ranking in the World Bank's report on Eas.....

Tags : Business climate, Improvement, Measures

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RBI Cancels Rs 9k crore T-bill Auction(28.01.2016)

Reserve Bank of India (RBI) has cancelled a Rs 9,000-crore auction of Government's 91-day Treasury Bills (T-bills) as it was not willing to accede to .....

Tags : Reserve Bank of India, T-bills

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SC Seeks Details of Actions Taken by States on Misuse of Forest Land(01.02.2016)

SC has sought details of action taken by States against those who wrongly claimed forest land as traditional forest dwellers under a 2006 Act amid cla.....

Tags : SC,Misuse of Forest Land

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SC Cancels Its Earlier Request on AP Governor's Report(01.02.2016)

SC has cancelled its earlier request for a copy of the documents on report in which it was recommended that President's rule do not have to be shared .....

Tags : SC , President's rule, Arunachal Pradesh

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RBI Mandates Online Filing of FDI Forms from February 8(02.02.2016)

Reserve Bank of India (RBI) has asked banks to file forms related to Foreign Direct Investment (FDI) only online on the e-Biz portal from February 8.

Tags : Reserve Bank of India , Foreign Direct Investment

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RBI Eases FDI Norms to Boost Start-Ups(03.02.2016)

Reserve Bank of India (RBI) has relaxed several rules including Foreign Direct Investment (FDI) norms to boost start-up activity in the country.

Tags : Reserve Bank of India, Foreign Direct Investment , Start-Ups

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Supreme Court Removes Anurag Thakur From Post of BCCI Chief(02.01.2017)

Supreme Court has removed Anurag Thakur from post of BCCI President for not complying with orders of the Apex Court with regards to implementation of .....

Tags : Supreme Court, BCCI , Lodha panel, Anurag Thakur, BCCI President

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Centre: Service Charge at Hotels, Restaurants is Optional(03.01.2017)

Central Government has reiterated that customers dissatisfied with service could choose not to pay service charge levied by a hotel or restaurant.

Tags : Central Government, Service Charge, Hotels, Restaurants

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Madras HC Dismisses Plea Seeking Proportionate Quota to SC/ST Members in Local Bodies(05.01.2017)

Madras High Court has dismissed pleas seeking proportionate quota to members belonging to SC and ST community in local bodies in State saying that the.....

Tags : Madras High Court , SC/ST, Reservation

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Power of Arbitral Tribunal to pass appropriate orders of interim measures is not eclipsed simply on account of any application being filed under Section 13 of Arbitration Act(14.08.2023)

Present application has been filed seeking setting aside of the order and restoration of appeal.It is submitted that during the pendency of the applic.....

Tags : Arbitral Tribunal, Powers, Interim Measures

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SC Rejects Plea Seeking LoP Status for Congress(15.02.2016)

Supreme Court has dismissed a Public Interest Litigation seeking Leader of Opposition status for Congress in Lok Sabha.

Tags : Supreme Court, Congress

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SC to RBI: Disclose Names of India's Biggest Loan Defaulters(17.02.2016)

SC has sought list of companies from Reserve Bank of India (RBI) who have defaulted in paying back loan to PSU banks and have contributed to massive l.....

Tags : SC, Reserve Bank of India

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CCI Nods for JVs to Set Up LNG Terminal in AP(17.02.2016)

Competition Commission of India (CCI) has approved two Joint Ventures (JVs) involving GAIL India and Andhra Pradesh Gas Distribution Corporation for .....

Tags : Competition Commission of India , Joint Ventures , LNG Terminal

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EPFO Raises Rate Marginally to 8.8% for FY16(17.02.2016)

Employees' Provident Fund Organisation (EPFO) has marginally raised interest rate on retirement savings to 8.80% for 2015 -16 from 8.75% last year but.....

Tags : Employees' Provident Fund Organisation, interest rate on retirement savings

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RBI Revises Norms for NBFC Factor Firms(19.02.2016)

Reserve Bank of India (RBI) has came out with clarifications for NBFC factor companies to remove any possible regulatory arbitrage with banks that pro.....

Tags : Reserve Bank of India , NBFC factor companies

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SC Junks Congress' Plea Seeking Permission for Floor Test in Arunachal Assembly(22.02.2016)

SC has rejected plea of Congress leaders seeking an interim direction that it be allowed to go in for a floor test in the Arunachal Pradesh Assembly t.....

Tags : SC, Congress, Arunachal Assembly

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Bombay HC Gives Government ‘Last Chance’ to File Report in Kripashankar Assets Case(10.01.2017)

Bombay High Court gave Government a last chance to submit a report on its probe into alleged disproportionate assets of former Mumbai Congress chief K.....

Tags : Bombay High Court, Kripashankar Singh, Mumbai Congress, disproportionate assets

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Delhi HC: Women Has No Right to Residence in Parents-in-law `(26.12.2016)

Delhi High Court has ruled that right to residence is available to a woman against her husband and not against the parents-in-law in a property owned .....

Tags : Delhi HC, Right to Residence, Self Acquired Property

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Delhi HC Directs DDA & SDMC to Cooperate in Identifying Heritage Structures(26.12.2016)

Delhi High Court has directed Delhi Development Authority (DDA) and South Delhi Municipal Corporation (SDMC) to cooperate with Indian National Trust f.....

Tags : Delhi HC, DDA, SDMC, Heritage Structures

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NGT Directs AAP Govt, DPCC to Initiate Action Against Illegal Industrial Units(26.12.2016)

National Green Tribunal (NGT) has directed Delhi Government and Delhi Pollution Control Committee (DPCC) to take action against industrial units opera.....

Tags : NGT, Industrial Units, residential areas

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Presidents Re-Promulgates Enemy Property (Amendment and Validation) Fifth Ordinance, 2016(26.12.2016)

President of India has re-promulgated Enemy Property (Amendment and Validation) Fifth Ordinance, 2016, aimed to guard against claims of succession or .....

Tags : President of India, Enemy Property, Ordinance

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RBI Eases Bad Loan Classification Norms For Small Borrowers, Farmers(29.12.2016)

Reserve Bank of India (RBI) has relaxed norms for bad loan classification for small borrowers, including farmers, giving them additional 30 days to re.....

Tags : Reserve Bank of India, loan, repayment, Small Borrowers

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Disability Bill Receives President's Assent(29.12.2016)

Rights of Persons with Disabilities Bill, 2016 which aims at securing and enhancing rights and entitlements of disabled persons has received President.....

Tags : Disability Bill, President’s Assent

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President Promulgates Payment of Wages Ordinance(29.12.2016)

President of India has promulgated Payment of Wages (Amendment) Ordinance, 2016.

Tags : President, Payment of Wages, Ordinance

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Successful resolution applicant cannot be faced with undecided claims after the resolution plan has been accepted(11.09.2023)

An agreement was entered into on 2nd August, 2006 between the Appellant and KST Infrastructure Private Limited ('the Corporate Debtor'), for developme.....

Tags : Resolution plan, Approval, Award

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CBDT sets up dedicated structure for delivering and monitoring taxpayer services(07.03.2016)

The Central Board of Direct Taxes read»

Guidelines Prescribing Modalities for Persons with Disabilities to Show Respect to The National Anthem(25.01.2017)

In pursuance of the order of Hon'ble Supreme Court dated 09.12.2016 in the matter of Writ Petition (Civil) No. 855 of 2016, the Central Government has.....

Tags : Modalities, Persons with disabilities, Respect, National Anthem

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RBI Revises SDR Norms(26.02.2016)

Reserve Bank of India (RBI) has asked banks going in for Strategic Debt Restructuring (SDR) scheme to make sufficient provisions to the tune of 15 per.....

Tags : Reserve Bank of India , Strategic Debt Restructuring

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J&K High Court: Resignation Under Threat Legally Invalid(03.03.2016)

Jammu and Kashmir High Court has ruled that a document pertaining to resignation is legally valid only if an official tenders it out of his or her own.....

Tags : Jammu and Kashmir High Court , resignation

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RBI Issues Draft Norms for Account Aggregators(04.03.2016)

Reserve Bank of India (RBI) has issued draft guidelines for setting up of Non-Banking Finance Companies (NBFC) that would act as account aggregators a.....

Tags : Reserve Bank of India , Non-Banking Finance Companies

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Govt Notifies Graded Response Action Plan to Fight Air Pollution in National Capital(17.01.2017)

Ministry of Environment has notified a Graded Response Action Plan to fight air pollution in Delhi-National Capital Region area, which means that Nati.....

Tags : Ministry of Environment, Graded Response Action Plan

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Delhi HC Junks Plea to Give Concession to Cancer Patients Travelling in Rajdhani Exp(19.01.2017)

Delhi High Court has junked a petition seeking direction to Railways to provide concession in fares to cancer patients travelling in Rajdhani Express.

Tags : Delhi High Court, Rajdhani Express, Cancer Patients

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CCI Approves Sony Pictures Deal to Buy Ten Sports(19.01.2017)

Competition Commission of India (CCI) has cleared Sony Pictures Networks’ proposed purchase of Ten Sports, owned by Zee Entertainment Enterprises.

Tags : Competition Commission of India, Ten Sports, Zee Entertainment, Sony Pictures

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Supreme Court Appointed Panel Calls For Tough Action to Tackle Poor Air Quality in Delhi NCR(23.01.2017)

Supreme Court appointed Environment Pollution (Prevention and Control) Authority (EPCA) has asked officials to immediately enforce Graded Response Act.....

Tags : Supreme Court, Environment Pollution (Prevention and Control) Authority, Graded Response Action

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If the Judgment debtor has intimated the decree holder and award amount is available for withdrawal unconditionally, the liability of judgment debtor would cease on the date of deposit(04.09.2023)

By way of present Execution Petitions filed under Section 36 of the Arbitration and Conciliation Act, 1996 ('the A&C Act') read with Order XXI Rule 1 .....

Tags : Award, Execution, Interest

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When signatures on cheques had been admitted, presumption would arise that, cheques had been issued towards some legally enforceable debt(17.10.2023)

The instant petition under Section 397 read with Section 401/482 of the Code of Criminal Procedure, 1973 ('Cr.P.C.') has been filed on behalf of petit.....

Tags : Cheques, Issuance, Presumption

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Sufficient medical evidence should be available before the adjudicating authority for applying the principles of Res Ipsa Locutor(17.10.2023)

The present appeal is directed against the order passed by the National Consumer Disputes Redressal Commissionwhereby the complaint filed by the Appel.....

Tags : Principles, Res Ipsa Locutor, Applicability

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NCDRC Orders Unitech to Pay compensation for Delivery Delay(30.01.2017)

National Consumer Disputes Redressal Commission (NCDRC) has directed Unitech Hi-Tech Developers to pay over Rs 3 crore to a couple for failing to give.....

Tags : National Consumer Disputes Redressal Commission, Unitech Hi-Tech Developers

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RBI Rejects EC Request to Enhance Withdrawal Limits For Poll Candidates(30.01.2017)

Reserve Bank of India (RBI) has rejected request of Election Commission (EC) to enhance weekly cash-withdrawal limit, imposed after demonetisation, fo.....

Tags : Reserve Bank of India, Election Commission

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SC Appoints Former CAG Vinod Rai As BCCI Chief(30.01.2017)

Supreme Court has announced names of four administrators to run Board of Control for Cricket in India (BCCI), which includes Former CAG Vinod Rai, His.....

Tags : Supreme Court, BCCI , Lodha panel, BCCI President

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Supreme Court: More Works, Hence More Rooms For CM Akhilesh Yadav(31.01.2017)

Supreme Court, while justifying allotment of two official residences for Chief Minister Akhilesh Yadav in poll-bound Uttar Pradesh, has said “As his w.....

Tags : Supreme Court, Akhilesh Yadav, official residences

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RBI: No Restrictions on ATM Withdrawals From Feb 01(31.01.2017)

Reserve Bank of India (RBI) has said that limits on ATM withdrawals will further be eased from February 1 and curbs on branch withdrawals from current.....

Tags : Reserve Bank of India, ATM Withdrawals

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H-1B Visa Reform Bill Introduced in US House of Representatives, Proposes Minimum Pay Be Doubled(31.01.2017)

H-1B Visa Reform Bill has been introduced in US House of Representatives which among other things calls for more than doubling minimum salary of H-1B .....

Tags : H-1B, US, House of Representatives, Minimum Salary

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Madras HC Notices Secretary of Prez, Former SC Judge Over PETA Award(01.02.2017)

Madras High Court has ordered notice to Secretary to President Pranab Mukherjee and a Former Supreme Court Judge K S Radhakrishnan Panicker on a petit.....

Tags : Madras HC, President Pranab Mukherjee, Former Supreme Court Judge, PETA Award

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If a business has been set up, even it has not commenced its activities, then expenditure relatable to said business, including interest expenses should be allowed as deduction(27.09.2023)

The assessee firm has filed its return of income for the assessment year 2015-16 on 30.09.2015 declaring total income of Rs.1,31,50,650. During the co.....

Tags : Disallowance, Interest, Legality

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Once CoC has approved the resolution plan by requisite majority which is in consonance with applicable provisions, same cannot be a subject matter of judicial review(20.10.2023)

The present appeal filed under Section 61 of Insolvency and Bankruptcy Code, 2016 ("IBC") by the Appellants arises out of the Order passed by the Adju.....

Tags : Resolution plan, Majority, Review

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RBI Extends E-Payment Deadline and Banking Hours(30.03.2016)

Reserve Bank of India (RBI) has issued instructions wherein it has been decided that all agency banks shall keep counters of their designated branches.....

Tags : Reserve Bank of India, E-Payment

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RBI Relaxes ECB Norms for Infrastructure Sector(31.03.2016)

Reserve Bank of India (RBI) has allowed all companies engaged in infrastructure sector to raise external commercial borrowings with a minimum maturity.....

Tags : Reserve Bank of India, ECB Norms

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RBI Releases First Bi-monthly Monetary Policy Statement, 2016-17(05.04.2016)

Reserve Bank of India (RBI) has released First Bi-monthly Monetary Policy Statement, 2016-17, lowered key interest rates by 25 basis points to 6.5 per.....

Tags : Reserve Bank of India , First Bi-monthly Monetary Policy Statement, 2016-17

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RBI Releases Fifth Bi-monthly Monetary Policy Statement, Maintains Status Quo on Repo Rate(08.02.2017)

Reserve Bank of India (RBI) has issued its sixth Bi-monthly Policy Statement for the year, wherein Apex Bank decided to hold on to repo rate at 6.25 p.....

Tags : Reserve Bank of India, Bi-monthly Policy Statement, repo rate

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Madras HC Seeks Centre Explanation Over TN Drought Relief Fund(09.02.2017)

Madras High Court has directed Centre to explain by March 9 steps it had taken with respect to a plea made by State government to sanction ?39,565 cro.....

Tags : Madras High Court, National Disaster Response Fund, Tamil Nadu

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Bombay HC Directs SEC to Consider Reshma Bhosale As Independent Candidate(09.02.2017)

Bombay High Court has directed State Election Commission (SEC) to consider Reshma Bhosale as an independent candidate, contradicting decision of Retur.....

Tags : Bombay High Court, Reshma Bhosale, Election Commission

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RBI Relaxes Stressed Asset Restructuring Rules for Banks(14.06.2016)

Reserve Bank of India (RBI) has relaxed guidelines for restructuring of large stressed assets by lenders in a move that would allow the banks to more .....

Tags : Reserve Bank of India , Asset Restructuring Rules

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Madras HC: Recalling of Warrant without Presence of Accused Depends on Facts(20.06.2016)

Madras HC has said that Courts can entertain petitions to recall Non-Bailable Warrants (NBWs) without insisting on presence of people against whom the.....

Tags : Madras HC, Non-Bailable Arrest Warrants

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Finance Ministry: No Audit for Turnover of Up to Rs 2 Crore if Opted Presumptive Taxation Scheme(21.06.2016)

Finance Ministry has said that small businesses with a total turnover of up to Rs 2 crore will not be required to get their accounts audited if they o.....

Tags : Finance Ministry, presumptive taxation scheme, Audit

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RBI Permits Start-Ups to Open Currency Account Abroad(24.06.2016)

Reserve Bank of India (RBI) has allowed startups with an overseas subsidiary to open foreign currency accounts abroad to credit foreign exchange earni.....

Tags : Reserve Bank of India, startups

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Madras HC: Employee Can’t Assert a Right to Withdraw Resignation Once it is Accepted(27.06.2016)

Madras HC has ruled that in contractual master-servant relationship, no employee can assert right to withdraw his resignation, especially after it had.....

Tags : Madras HC , Resignation

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Gujarat High Court Says No to Place For Reserved Candidates in General Merit List(16.03.2017)

Gujarat High Court has held that various reserved category candidates availing of age relaxation cannot claim a place in general category merit list f.....

Tags : Gujarat High Court, Reserved Candidates, General Merit List

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Calcutta High Court Orders CBI Probe into Sting Operation By Narada News(17.03.2017)

Calcutta High Court has passed an order asking Central Bureau of Investigation (CBI) to launch a probe into sting operation conducted by Narada News, .....

Tags : Calcutta High Court, Narada News, Sting Operation, Trinamool Congress

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Levy of VAT on the sale price of transaction yet to take place not sustainable in law(04.08.2015)

The Delhi High Court struck down Explanation 2 to Section 2 (1) (zd) of the Delhi Value Added Tax (Fourth Amendment) Act, 2012 as being ultra vires t.....

Tags : value added tax, delhi, sale, ultra vires

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Mere reflection of demand on e-filing portal does not absolve Revenue from properly serving the intimation and demand notice(04.01.2024)

In present case, the assessee is a resident corporate entity. The core issue arising for consideration is relating to chargeability of interest under .....

Tags : Assessment, Interest, Legality

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Delhi HC Pulls Up Sainik Farms RWAs over Collection of Toll(19.05.2016)

Delhi High Court has pulled up Sainik Farms Resident Welfare Associations (RWAs) and questioned how they were collecting toll from commercial vehicles.....

Tags : Delhi High Court , Sainik Farms Resident Welfare Associations

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President Nods for Two UP Bills for Controlling Anti-Social Elements(19.05.2016)

President Pranab Mukherjee has given nod to two controversial bills — UP Control of Goonda Amendment and UP Gangsters and Anti-social Amendment.

Tags : President Pranab Mukherjee , UP Control of Goonda Amendment , UP Gangsters and Anti-social Amendment

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Green Tribunal Declares Rs 5K Fine for Dumping Waste in Aravallis(20.05.2016)

National Green Tribunal has said that any individual spotted throwing waste or muck in the Aravalli forest would now have to pay a penalty of Rs 5000.

Tags : National Green Tribunal , Aravalli forest

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RBI Eases Norms on FDI in CICs(20.05.2016)

Reserve Bank of India (RBI) has eased norms around Foreign Direct Investment (FDI) in credit information companies (CICs) in India.

Tags : Reserve Bank of India, FDI

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Supreme Court Notices Centre Over RBI's Refusal to Exchange Demonetised Notes(06.03.2017)

Supreme Court has issued a notice to Central Government on a plea challenging Reserve Bank of India’s (RBI) refusal to accept Rs 500 and Rs 1,000 note.....

Tags : Supreme Court, Demonetised Notes, Reserve Bank of India

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Delhi High Court Bars Cipla From Selling Novartis Respiratory Drug ‘Onbrez’ in India(10.03.2017)

Delhi High Court has barred Cipla Ltd from selling copies of Novartis AG’s respiratory drug Onbrez in India, upholding patents held by swiss drug make.....

Tags : Delhi High Court, Cipla, Novartis Respiratory Drug

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Allahabad HC Quashes Cabinet’s Move Quashing Interest Payable By Sugar Mill Owners to Farmers(10.03.2017)

Allahabad High Court has quashed a cabinet decision of October whereby interest to tune of Rs 2000 crore, payable by sugar mill owners to sugarcane fa.....

Tags : Allahabad High Court, Sugar Mill Owners, interest

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RBI Says ‘Banks Can Accept Coloured Notes’ Appeals to Avoid Dirtying Them(10.03.2017)

Reserve Bank of India has clarified that banks can accept colour-stained notes amid messages circulating on WhatsApp that public sector banks have bee.....

Tags : Reserve Bank of India, Coloured Notes

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Action of informing the person arrested about the grounds of his arrest is a sufficient compliance of Section 19 of PMLA and Article 22(1) of the Constitution(15.12.2023)

The present appeal is directed against the judgment passed by the High Court of, whereby the High Court has dismissed the petition seeking declaration.....

Tags : Arrest, Procedure, Compliance

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Guidelines for Standalone PD participation in Exchange Traded Currency Futures(17.03.2016)

The Reserve Bank of India issued guidelines

Tags : Bank, primary dealers, currency, futures

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Interest income to be included in tax return(01.01.1900)

The Central Board of Direct Taxes notified persons earning interest income that interest credited or received on deposits is taxable unless exempt und.....

Tags : Income tax return, interest income, inclusion

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Uttarakhand Appropriation (Vote on Account) Ordinance 2016(31.03.2016)

The Central Government passed an ordinance permitting utilisation of funds from Utt.....

Tags : uttarakhand, president’s rule, appropriation

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Procedures for Exchange Listing Control Mechanism(27.01.2017)

Regulation 45 of the SECC Regulations provides for listing of stock exchanges on any recognised stock exchange, other than itself and its associated s.....

Tags : Exchange Listing, Mechanism, Procedures

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When affairs of Company are being conducted in manner prejudicial to public interest, Tribunal is empowered to replace the existing Management(13.03.2020)

The Union of India moved a Petition under Sections 401/397/398 read with Section 408 of the Companies Act, 1956 (now Section 241(2) read with Section .....

Tags : Report, Public interest, Management, Replacement

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Director who has resigned from the position cannot be held liable for negotiable instruments issued or for the business conducted after his resignation(14.02.2024)

The Appellants in both the appeals were Directors in the Respondent- Company and had resigned from such Directorship on 9th December, 2013 and 12th Ma.....

Tags : Director, Resignation, Liability

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Bombay HC Slams RBI For Not Exchanging Old Notes in Deceased’s Locker(03.02.2017)

Bombay High Court came down heavily on Reserve Bank of India (RBI) for not complying with its order to change demonetised currency notes totalling Rs .....

Tags : Bombay High Court , Reserve Bank of India

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NCDRC: No VAT on Discounted Items(03.02.2017)

National Consumer Disputes Redressal Commission (NCDRC) has held that shops selling goods at 40% discount cannot charge VAT or any other duty on disco.....

Tags : National Consumer Disputes Redressal Commission, VAT, discount

read»

RBI Directs Banks to Report Cyber Crimes within 6 Hours(03.02.2017)

RBI, while asking banks to report any cyber security incident within two to six hours of its happening, has warned lenders that any delay in reporting.....

Tags : Reserve Bank of India, cyber security

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RBI Allows NRIs to Access ETCS Market(03.02.2017)

Reserve Bank of India (RBI) has allowed NRIs access to Exchange Traded Currency Derivatives (ETCD) market to hedge currency risk arising out of their .....

Tags : Reserve Bank of India, Exchange Traded Currency Derivatives

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RBI Issues Revised Guidelines For Commercial Papers(03.02.2017)

Reserve Bank of India (RBI) has issued revised guidelines for commercial papers, including mandating that the issuer must disclose end-use of such fun.....

Tags : Reserve Bank of India, commercial papers

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RBI Allows Banks to Use Statutory Reserves for AT1 Bond Coupon Payment(03.02.2017)

Reserve Bank of India has allowed banks to use statutory reserves to pay coupon (interest) on additional Tier-I bonds, subject to certain riders.

Tags : Reserve Bank of India, Tier-I bonds

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Supreme Court: Private Coaching Centres Need to be Regulated(06.02.2017)

Supreme Court has said that private coaching centres in country need to be “regulated” as these cannot be “wiped out” and asked Centre to ponder over .....

Tags : Supreme Court, private coaching centres

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Owner cannot be deprived of his rights to the property after the statutory period has expired(27.02.2024)

By present Petition under Article 226 of the Constitution of India, 1950, the Petitioners seek a writ of mandamus directing the Respondent No.1 to iss.....

Tags : Reservation, Land, Expiry

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When duty drawback is not paid within a period of three months from the date of filing of claim, the claimant would be entitled to interest in addition to the amount of drawback(05.02.2024)

In present matter, Respondent is a class-I contractor specializing in the field of civil contract works especially funnelling and hydro electric power.....

Tags : Interest, Payment, Direction

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NGT Bans Use of Pressure Horns(19.07.2016)

National Green Tribunal (NGT) has issued an order stating that use of pressure horns would not be permitted for any vehicle in Delhi and NCR.

Tags : National Green Tribunal , Pressure Horns

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SC Denies Relief to 9 Disqualified Rebels(21.07.2016)

SC has refused to stay disqualification of nine rebel Congress MLAs from Uttarakhand but clarified that the notice, given by them and the BJP members,.....

Tags : SC , rebel Congress MLAs , Uttarakhand

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Delhi HC Clears McDonald's Arbitration(22.07.2016)

Delhi HC has allowed McDonald’s to approach the London Court of International Arbitration against Bakshi and his wife, in a dispute over ownership of .....

Tags : Delhi HC, Connaught Plaza Restaurants, McDonald, Vikram Bakshi

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RBI Imposes Penalty on 3 Banks in Forex Scam(26.07.2016)

Reserve Bank of India (RBI) has imposed penalties of Rs.5 crore on Bank of Baroda, Rs.3 crore on Punjab National Bank and Rs.2 crore on HDFC Bank, in .....

Tags : Reserve Bank of India, Forex Scam

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Gujarat HC Dismisses PIL against Sudhir Mankad’s Appointment to RBI(26.07.2016)

Gujarat HC has junked PIL challenging appointment of ex-Chairman of Gujarat International Finance Tec-City (GIFT-City) Sudhir Mankad as a Non-Officiat.....

Tags : Gujarat HC, Sudhir Mankad , Reserve bank of India

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Bombay HC Issues Contempt Notice to RBI Regional Director(27.07.2016)

Bombay HC has issued contempt notice to Reserve Bank of India's (RBI) Regional Director in a contempt plea filed by Akhil Bharatiya Adivasi Karmachari.....

Tags : Bombay HC , Akhil Bharatiya Adivasi Karmachari Sanghatna, Reserve Bank of India

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SC: Subsequent Parties Entitled To Seek Declaration that Land Acquisition Proceedings Have Lapsed(05.05.2017)

Supreme Court has held that subsequent purchaser, assignee, successor in interest, power of attorney, etc., are all persons who are interested in comp.....

Tags : Supreme Court, Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act

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Courts do not sit as an Appellate Authority over the decisions taken by the experts(23.11.2022)

The Appellant seeks to challenge the Order passed by the learned Single Judge dismissing the Writ Petition which was filed by the Appellant herein for.....

Tags : Result, Declaration, Direction

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Operational Creditor cannot claim parity with Financial Creditors(30.01.2024)

Present Appeal has been filed against the order passed by the Adjudicating Authority (National Company Law Tribunal) by which order the Adjudicating A.....

Tags : Resolution plan, Approval, Legality

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Operation Clean Money by IT Dept gets overwhelming response(13.02.2017)

The Income Tax Department (ITD) had initiated 'Operation Clean Money' on 31st January, 2017 for the e-verification of large cash deposits made during .....

Tags : Overwhelming response, Clean Money, Clean money

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RBI: SDR Norms Applicable to NBFCs Too(27.05.2016)

Reserve Bank of India (RBI) has said that modifications made to Strategic Debt Restructuring (SDR) mechanism by RBI in February this year will now be .....

Tags : Reserve Bank of India, NBFCs, SDR

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Income Declaration & Tax Dispute Resolution Schemes to Come into Force from Tomorrow(31.05.2016)

Central Board of Direct Taxes (CBDT) has said that the Income Declaration Scheme, 2016 and the Direct and Indirect Tax Dispute Resolution Schemes 2016.....

Tags : Central Board of Direct Taxes, Income Declaration Scheme, 2016, Tax Dispute Resolution Schemes

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Gujarat High Court Issues Notice To State Government On 10 Per Cent Reservation Ordinance(01.06.2016)

Gujarat High Court has issued notice to the State Government over a petition challenging an ordinance providing 10 per cent reservation in Government .....

Tags : Gujarat High Court, Reservation

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Delhi HC to Police: Like Pizza Boy, Police Should Reach the Crime Scene Fast(02.06.2016)

Delhi HC while hearing a PIL initiated by it after the December 16, 2012 gangrape case has said that “Like a pizza boy delivering the stuff faster tha.....

Tags : Delhi HC, response time

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Jat Reservation: Punjab & Haryana HC Refuses to Vacate Stay Order(07.06.2016)

Punjab and Haryana High Court has refused to vacate the stay granted on Haryana Government's decision to grant reservation to Jats and five other comm.....

Tags : Punjab and Haryana High Court, Jat reservation

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Bombay HC Rejects PIL Seeking New Commission to Probe Gandhi Murder(07.06.2016)

Bombay HC has dismissed a public interest litigation (PIL) seeking appointment of a Commission of Inquiry to probe afresh the murder of Mahatma Gandhi.....

Tags : Bombay HC, public interest litigation

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Supreme Court: Waiver of Interest Can Be Treated As Income Accruing to Assessee(13.04.2017)

Supreme Court has held that to ascertain actual accumulated loses to be set off in hands of assesssee, first adjust income that is accruing to it on a.....

Tags : Supreme Court, Waiver of Interest

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Unless otherwise agreed by parties, Arbitral Tribunal can award interest at reasonable rate for a period commencing from the date when the cause of action arises till the date of the award(22.04.2021)

The Appellants were awarded a contract by the State of Kerala for upgradation of a State Highway for two stretches, from Muvattupuzha-Thodupuzha and M.....

Tags : Interest, Delayed payment, Entitlement

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Income received by way of interest on compensation or on enhanced compensation shall be chargeable to tax(08.04.2024)

The present appeal involves an examination of the taxability of the interest component, earned on compensation or enhanced compensation, ordered under.....

Tags : Tax, Levy, Interest

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RBI Eases NBFC Loan Restructuring Norms(31.07.2015)

Reserve Bank of India (RBI) has permitted non-bank lenders to retain the 'standard asset' tag on a restructured loan for an extended period if an infr.....

Tags : Reserve Bank of India

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Madras High Court: Restore Shola Forests(05.08.2015)

Madras High Court has said that it has decided to give top priority to restoration of Shola forests (patches of stunted evergreen moist broad leaf for.....

Tags : Madras High Court, Shola Forests

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RBI Launches Website “Sachet” to Tackle Fraud(05.08.2016)

Reserve Bank of India (RBI) has launched a website named “Sachet” from which anyone can obtain information regarding entities that are allowed to acce.....

Tags : Reserve Bank of India , Sachet

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RBI Relaxes Norms in Cheque Dishonour Cases(05.08.2016)

Reserve Bank of India (RBI) has relaxed norms in cheque dishonour cases of Rs 1 crore and above.

Tags : Reserve Bank of India , Cheque Dishonour Cases

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Rajya Sabha Passes a Bill to Expedite Disposal of Debt Recovery Applications(10.08.2016)

Rajya Sabha has passed the Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016, which amen.....

Tags : Enforcement of Security Interest and Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Bill, 2016, Rajya Sabha

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President Nods for Two More Bills(11.08.2016)

President has given assent to Institutes of Technology (Amendment) Bill, 2016 and National Institutes of Technology, Science Education and Research (A.....

Tags : Institutes of Technology (Amendment) Bill, 2016 , National Institutes of Technology, Science Education and Research (Amendment) Bill, 2016

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Karnataka High Court: KIAD Act Must Conform to Provisions of Centre's 2013 Land Acquisition Act(21.04.2017)

Karnataka High Court has ruled that Section 24 of Centre's Land Acquisition, Rehabilitation and Resettlement Act, 2013 that deals with compensation, w.....

Tags : Karnataka High Court, Land Acquisition, Rehabilitation and Resettlement Act, 2013

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Writ of habeas corpus can be issued only if detention is illegal(29.04.2024)

By present writ petition filed under Article 226 of the Constitution of India, 1950, the Petitioner seeks a declaration that his detention beyond twen.....

Tags : Arrest, Detention, Legality

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When the assessee has not taken the benefit of the CENVAT credit, there is no liability to pay interest(23.04.2024)

The Appellants are manufacturers of cotton yarn which they are clearing on payment of duty under Notification No. 29/2004-CE and also availing full ex.....

Tags : Interest, Penalty, Legality

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RBI Relaxes Rules for ECBs(01.07.2016)

Reserve Bank of India (RBI) has said eased rules for External Commercial Borrowings (ECBs) and said that Indian companies will need to submit for appr.....

Tags : Reserve Bank of India, ECBs

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RBI Notifies Rates for Small Saving Schemes for Q2(08.07.2016)

Reserve Bank of India (RBI) has notified the interest rates for different small savings schemes for the quarter ending September. The interest rates h.....

Tags : Reserve Bank of India, RBI, small savings schemes

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RBI Sets Rupee Reference Rate against US Dollar and Euro(08.07.2016)

Reserve Bank of India (RBI) has fixed reference rate of the rupee at 67.4972 against the US dollar and 74.8274 for the euro.

Tags : Reserve Bank of India, RBI, reference rate

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Bombay High Court Asks State to Form Panel to Solve Resident Doctors’ Issue(25.04.2017)

Bombay High Court has directed State to set up a high-powered committee to resolve issues of resident doctors.

Tags : Bombay High Court, resident doctors

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RBI: Banks Cannot Refuse to Accept Scribbled, Coloured, Faded Bank Notes(01.05.2017)

Reserve Bank of India (RBI) has clarified by its notification dated 25th April 2017 that bank branches cannot refuse to accept scribbled/coloured/fade.....

Tags : Reserve Bank of India, Scribbled, Coloured, Faded Bank Notes

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SCDRC Directs Bank to Pay 1L Compensation For Failure to Inform Loan Applicant of Rejection(02.05.2017)

State Consumer Disputes Redressal Commission, Maharashtra has held that failure to inform an applicant about rejection of his loan application constit.....

Tags : State Consumer Disputes Redressal Commission, Loan, Bank

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ITAT, Mumbai: Individuals Paying for Residential Houses Will Get Complete Tax Benefits(02.05.2017)

Income Tax Appellate Tribunal (Mumbai bench) has held that if entire investment for purchase of a new residential house, along with stamp duty and reg.....

Tags : Income Tax Appellate Tribunal, Residential Houses

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Interest shall be computed from the date when the refund was due to be paid to the person till the date of payment of refund(27.05.2024)

The Petitioner has preferred present petition for issuance a writ of certiorari thereby quashing impugned order, where in interest has been provided f.....

Tags : Interest, Computation, Legality

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Government takes a number of measures to promote Country's performance in 'Ease of Doing Business'(27.03.2017)

The Ministry of Labour and Employment has taken steps for drafting four Labour Codes on Wages; Industrial Relations; Social Security & Welfare; and Sa.....

Tags : Measures, Promotions, Business

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Interest income earned by cooperative society on deposits made out of surplus funds with cooperative banks as well as schedule bank qualifies for deduction(03.06.2024)

In facts of the case, the Appellant is a Cooperative Society registered under the Maharashtra Co-operative Societies Act, 1960. It is engaged in the b.....

Tags : Assessment, Interest, Deduction

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Bombay High Court Directs BMC Not to Take Coercive Action Against Gaylord Restaurant(28.03.2017)

Bombay High Court has directed BMC not to take any coercive action against alleged unauthorised construction by south Mumbai’s famous eatery – Gaylord.....

Tags : Bombay High Court , Gaylord Restaurant

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Bombay High Court Seeks State's Action Plan to Improve Resident Doctors Working Condition(30.03.2017)

Bombay High Court has directed Maharashtra Government to file a report indicating how it proposes to improve deplorable working and living conditions .....

Tags : Bombay High Court, Resident Doctors

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RBI: Banks to Remain Closed on April 1(31.03.2017)

Reversing its earlier order, Reserve Bank (RBI) has said that the bank branches dealing in government businesses need not remain open on April 1 in vi.....

Tags : Reserve Bank of India, April 1

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Status Quo on MDR: RBI(31.03.2017)

RBI has said that its mid-December 2016 ‘special measures’ on rationalisation of merchant discount rate (MDR) will continue whereby MDR for transactio.....

Tags : Reserve Bank of India, merchant discount rate

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Finance Bill, 2017 Receives Presidential Assent, Takes Effect From Today(03.04.2017)

President Pranab Mukherjee has given his assent to the Finance Bill, 2017 to give effect to provisions like bar on cash transactions above Rs 2 lakh a.....

Tags : Finance Bill, 2017, Presidential Assent

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Bombay High Court Exonerates Woman Who Tried to Kill Her Baby(03.04.2017)

Bombay High Court has struck down criminal proceedings initiated against a 26-year-old woman for attempting to kill her own infant, on the grounds tha.....

Tags : Bombay High Court, Postnatal depression

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Calcutta High Court: Issues Decided by Consumer Forums Attract Principles of Res Judicata(06.04.2017)

Calcutta High Court has observed that state/national consumer redressal forums have the trappings of courts and are adjudicatory bodies, and so issues.....

Tags : Calcutta High Court, of Res Judicata

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Police officer needs to record his reasons in writing while making the arrest(18.06.2024)

By present application, the applicant is seeking pre-arrest bail in connection with Crime registered with Police Station for the offence punishable un.....

Tags : Pre-arrest bail, Grant, Condition

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Fundamental burden is on complainant to prove existence of legally enforceable debt(11.06.2024)

The original complainant, who instituted proceeding under Section 138 of the Negotiable Instruments Act, 1881 (N.I. Act), is dissatisfied by the judgm.....

Tags : Presumption, Acquittal, Legality

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RBI Clears 11 Payments Banks(20.08.2015)

Reserve Bank of India (RBI) has given 'in principle' clearance to 11 entities to set up 'payments banks'. These entities include department of posts, .....

Tags : Reserve Bank of India, Payments Banks

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Supreme Court Stays NCDRC's 12% Interest Penalty on Unitech(21.08.2015)

Supreme Court has stayed order of National Consumers' Disputes Redressal Commission (NCDRC) imposing a penalty on real estate developer Unitech Ltd. f.....

Tags : Supreme Court ,National Consumers' Disputes Redressal Commission

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NGT Serve Notices on Auto Centres(27.08.2015)

National Green Tribunal (NGT) has sought reply from Centre on a plea alleging inaction for allowing automobile service centres to operate in residenti.....

Tags : National Green Tribunal, Auto Centres

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RBI Withdraws Banks' 25% Compensation(28.08.2015)

Reserve Bank of India (RBI) has withdrawn 25 per cent compensation to banks for detecting fake notes.

Tags : Reserve Bank of India,25 per cent compensation

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RBI to Banks: Provide Loans to Women SHGs at 7%(26.08.2016)

Reserve Bank of India (RBI) has asked banks to provide loans to women self-help groups (SHGs) at 7 per cent per annum, as per the government's revised.....

Tags : Reserve Bank of India, self-help groups

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Delhi High Court: In Absence of 'Green Cover', Delhi Will Become a 'Desert'(23.05.2017)

Delhi High Court has observed that National Capital can turn into a desert if the green cover and forest land fall prey to illegal construction and en.....

Tags : Delhi High Court, Forest

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Supreme Court: Relation of Witnesses to Deceased By Marriage Not Sufficient to Reject Testimony(25.05.2017)

Supreme Court has observed that the fact that witness may be related to deceased by marriage, cannot be sufficient reason to classify him as a related.....

Tags : Supreme Court, interested witness

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Kerala HC: AIIMS Dress Code Prohibiting Headgear, Scarf For MBBS Entrance Test Unconstitutional(29.05.2017)

Kerala High Court has allowed challenge to dress code prescribed by All India Institute of Medical Sciences (AIIMS) for MBBS entrance examination.

Tags : Kerala High Court, All India Institute of Medical Sciences. Dress Code

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Order of pre-arrest bail being an extra ordinary privilege, should be granted only in exceptional cases(27.06.2024)

Present applications are filed under Section 438 of the Code of Criminal Procedure, 1973, for orders of pre-arrest bail. The Petitioners are the accus.....

Tags : Pre-arrest bail, Grant, Discretion

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CIC Directs RBI To Appoint Nodal CPIO(14.06.2017)

Central Information Commission (CIC) has directed Reserve Bank of India to appoint a Nodal Central Public Information Officer (CPIO), in addition to c.....

Tags : Central Information Commission, Reserve Bank of India

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NCDRC: Builder-Buyer Agreements Often Favours Builders’ Interest(15.06.2017)

National Consumer Disputes Redressal Commission (NCDRC), while terming some builder- buyer agreements as ‘unconscionable contracts’, has observed that.....

Tags : National Consumer Disputes Redressal Commission, Real Estate

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Insolvency And Bankruptcy Board Notifies Fast Track Insolvency Resolution Process(19.06.2017)

IBBI has notified IBBI (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017 which provide process from initiation of ins.....

Tags : Insolvency and Bankruptcy Board of India, Fast Track, Insolvency Resolution Process

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Supreme Court: Judiciary Needs to Lean in Favor of View That Sub-Serves Nation's Economic Interest(19.06.2017)

Supreme Court has stated that even if there is some technical violation by an industry, judiciary needs to lean in favor of particular view which sub-.....

Tags : Supreme Court, Nation's Economic Interest

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Bombay HC to Unaided Schools: Follow State Reservation Policy to Get Grant-In-Aid(21.06.2017)

Bombay High Court has held that unless unaided schools conform to policy of reservation as laid down by State Government, they would not be entitled t.....

Tags : Bombay High Court, Reservation Policy

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Madras HC Says 'No' to Restitution of Conjugal Rights To Husband Who Remarried During Suit Pendency(22.06.2017)

Madras High Court has refused to grant relief of restitution of conjugal rights to a man who had remarried during the pendency of the suit.

Tags : Madras High Court, Restitution of Conjugal Rights

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RBI Widens Scope of Ombudsman Scheme, Mobile And Electronic Banking Brought Under Purview(26.06.2017)

Reserve Bank of India has widened scope of its Banking Ombudsman Scheme 2006, to include inter alia deficiencies arising out of sale of insurance/ mut.....

Tags : Reserve Bank of India, Banking Ombudsman Scheme 2006

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Courts are not supposed to grant interest on interest except where it has been specifically provided under the statute(07.08.2024)

The sole issue before present Court is whether interest is payable on interest or whether 15% interest per annum awarded would be on the principal sum.....

Tags : Interest, Award, Power

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Instructions issued by the Central Government under Section 9 of the MSMED Act and by the RBI have statutory force and are binding to all the Banking companies(01.08.2024)

The Appellants have challenged the impugned common order passed by the High Court, whereby the High Court held that the Banks/ Non-Banking Financial C.....

Tags : Restructuring process, Instruction, Compliance

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Punjab & Haryana HC Seeks State’s Justification over Reservation to Jat & Others(03.10.2016)

Punjab & Haryana HC has asked Haryana Government to explain material on basis of which State had granted reservation to Jat and five other communities.....

Tags : Punjab & Haryana HC, Reservation

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NCDRC: Law of Limitation Gives No Extra Time to Govt Bodies(19.07.2017)

National Consumer Disputes Redressal Commission has held that law of limitation does not permit any extra time for government functionaries that must .....

Tags : National Consumer Disputes Redressal Commission

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NGT to Environment Ministry: Are Cigarette and Beedi Butts Biodegradable(20.07.2017)

National Green Tribunal (NGT) has asked the Ministry of Environment and Forests to clarify its stand on terming cigarette butts ‘biodegradable’.

Tags : National Green Tribunal, Ministry of Environment and Forests

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India Elects Ram Nath Kovind as 14th Rashtrapati, Oath Taking Ceremony on July 25(21.07.2017)

Former Bihar Governor Ram Nath Kovind will become India's 14th President. He will be sworn in as President on July 25.

Tags : President, Ram Nath Kovind

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SC Notices RBI, FM Over Plea For Exchange of Old Notes Found in Dead Parents’ Bank Locker(24.07.2017)

Supreme Court has issued notice to RBI and Finance Ministry on a fresh plea seeking permission to deposit Rs 60 lakh in old notes which were lying in .....

Tags : Supreme Court, Demonetised Notes, Reserve Bank of India

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Delhi High Court: Inform People About Rights in Event of Arrest(24.07.2017)

Delhi High Court has directed Centre and AAP Government to run an awareness campaign informing general public about their rights in the event of arres.....

Tags : Delhi High Court, Arrest

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Govt Exempts Import of Motion Pictures, Music, Gaming Software from Customs Duty(24.07.2017)

Central Government has notified exemption for import of motion pictures, music, gaming software for use on gaming consoles printed or recorded on medi.....

Tags : Customs Duty, Motion Pictures, Music, Gaming Software

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Clarifications on Tax Compliance for Undisclosed Foreign Income and Assets(03.09.2015)

The Central Board of Direct Taxes released clarifications on various provisions of the Black Money (Undisclosed Foreign Income and Assets) and Imposit.....

Tags : Black money, clarifications, residency, foreign employment

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Cabinet approves Interest Subvention to banks on Short-Term crop loan to farmers(14.06.2017)

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the Interest Subvention Scheme (ISS) for farmers for the year 2017-18......

Tags : Approval, Interest Subvention, Banks

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Cabinet approves proposal to introduce the Financial Resolution and Deposit Insurance Bill 2017(14.06.2017)

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the proposal to introduce a Financial Resolution and Deposit Insurance.....

Tags : Approval, Bill, Financial Resolution, Deposit Insurance

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NCLT or NCLAT are not empowered under IBC, 2016 to reverse commercial decision of CoC(05.02.2019)

Appeals was against impugned order of NCLAT and High Court dismissing appeal filed by Appellant observing that, requirement of approval of resolution .....

Tags : Rejection, Resolution plan, Legality

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When the arbitration clause envisages a pre-arbitration protocol, the protocol has to be adhered to, before invoking arbitration(08.07.2024)

Present is a petition under Section 11(6) of the Arbitration and Conciliation Act, 1996 for resolution of the disputes between the parties through arb.....

Tags : Dispute, Resolution, Clause

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Insurer is liable to pay interest in case of delay beyond the timeline prescribed in Regulation(04.04.2019)

Present Petition under Article 226 of the Constitution of India, seeks a writ of mandamus to Respondent No. 1- Life Insurance Corporation of India (LI.....

Tags : LIC Policy, Payment, Delay, Interest

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Assessee need not to demonstrate commercial expediency in each year concerning a loan transaction(10.07.2023)

In facts of present case, the Assessing Officer (AO) concluded that, the disallowance was mandated in view of the fact that the Respondent/Assessee ha.....

Tags : Assessment, Interest expenses, Disallowance

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NCDRC Orders Spicejet To Pay Rs. 60,000 For Losing Passenger's Luggage(04.01.2016)

National Consumer Disputes Redressal Commission (NCDRC) has asked SpiceJet airline to pay compensation and penalty of Rs. 60,000 to a Tripura resident.....

Tags : National Consumer Disputes Redressal Commission , SpiceJet airline

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Bombay HC Paves Way to Let Out Actress Nanda’s Triplex Flat(28.11.2016)

Bombay High Court has paved way to give Actress Nanda’s 4,000 sq ft sea-facing triplex residential flat in Versova on leave and licence, two years aft.....

Tags : Bombay High Court, Actress Nanda, triplex residential flat,

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NGT Gives Nod to Delhi-Merut Expressway(30.11.2016)

National Green Tribunal (NGT) has granted permission to NHAI to build a bridge and approach roads over Yamuna River for Delhi-Meerut Expressway noting.....

Tags : National Green Tribunal, Yamuna River, Delhi-Merut Expressway

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RBI Capped Withdrawal From Jan Dhan Accounts to Rs. 10000 Per Month(30.11.2016)

Reserve Bank of India (RBI) has issued a notification saying that Jan Dhan Account Holders will be allowed to withdraw only Rs 10,000 a month, as a te.....

Tags : Reserve Bank of India, Jan Dhan Account, money laundering, withdraw

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