5+ hour ago  (533+ words) The litigation stems from a GST audit conducted on Birla Nu Ltd. for the financial years 2017-18 and 2018-19. During the audit, tax authorities observed that the company had accumulated ITC over several months and distributed the credit to recipient units in…...

1+ day, 3+ hour ago  (597+ words) The Supreme Court has upheld an arbitral award in favour of a private concessionaire involved in the Jabalpur'Sagar'Damoh Road BOT project and dismissed the challenge mounted by the Madhya Pradesh Road Development Corporation Ltd. (MPRDC) and warned that the courts…...

1+ day, 3+ hour ago  (319+ words) The Supreme Court has held that an arbitral award obtained without following the mandatory procedure under Section 21 of the Arbitration Act, 1940 cannot be used to defeat a plaintiff's claim in a pending suit." The bench of Justice J. K. Maheshwari restored the…...

1+ day, 3+ hour ago  (376+ words) The Supreme Court has held that an employer (Bank) cannot use "unsatisfactory performance" as a pretext to avoid disciplinary proceedings when the real basis of termination is alleged misconduct." The bench of Justice J. K. Maheshwari and Justice Atul S. Chandurkar has dismissed…...

1+ day, 3+ hour ago  (601+ words) The Supreme Court has quashed criminal proceedings initiated by the Central Bureau of Investigation (CBI) against a borrower after the loan account had already been settled through a compromise approved by the Debts Recovery Tribunal (DRT)." The bench of Justice…...

1+ day, 4+ hour ago  (637+ words) The Supreme Court quashed criminal proceedings initiated under the Bharatiya Nyaya Sanhita (BNS) and the Protection of Children from Sexual Offences (POCSO) Act against a husband, his family members, and relatives, holding that the allegations were vague, unsupported by material…...

1+ day, 4+ hour ago  (207+ words) The Supreme Court has set aside the findings of the Securities and Exchange Board of India (SEBI) and the majority decision of the Securities Appellate Tribunal (SAT) against Reliance Industries Ltd. (RIL) in the long-running Reliance Petroleum Ltd. (RPL) futures…...

1+ day, 5+ hour ago  (193+ words) The Bench of Acting Chief Justice Sanjeev Prakash Sharma and Justice Baljinder Singh Sandhu passed the order while disposing of a writ petition filed against orders passed under the Rajasthan Goods and Services Tax Act, 2017. The petitioner had challenged both…...

2+ day, 1+ hour ago  (319+ words) The bench of Justice Vikram Nath, Justice Sandeep Mehta and Justice Vijay Bishnoi has observed that both witnesses admitted the accused were previously unknown to them and that no TIP was conducted after the arrest. Instead, the accused were shown…...

2+ day, 10+ hour ago  (437+ words) The Punjab and Haryana High Court has quashed a criminal complaint and summoning order issued against a beverage manufacturing company and its officials under Sections 9 and 9 AA of the Central Excise Act, holding that criminal prosecution cannot continue once the…...