Landowner In A Development Agreement Not A Financial Creditor: NCLAT Delhi

The National Company Law Appellate Tribunal (“NCLAT”), Principal Bench, comprising of Justice Ashok Bhushan (Chairperson) and Mr. Barun Mitra (Technical Member), while adjudicating an appeal filed in Ashoka Hi-Tech Builders Pvt. Ltd. v Sanjay Kundra & Anr., has held that a landowner in a development agreement is not a financial creditor within the meaning of Section 5(8) of...

18% GST Payable On The Forest Permit Fee: Telangana AAR

The Telangana Authority for Advance Ruling (AAR) has held that 18% GST is payable on the forest permit fee.The two-member bench of B.P. Naga Siva Kumari observed that the permit fees collected by the forest department are used by forest officials to monitor mining activity, assess the quantity and type of mineral being quarried, conduct surveys, and keep a constant eye on the movement of...

Arbitral Reference Can’t Be Made Mechanically Under Section 8, If Some Parties To Suit Are Non-Signatories To Arbitration Agreement: Bombay High Court

The Bombay High Court has ruled that if the plaintiff seeks relief in a suit against parties, some of whom are not signatories to the arbitration agreement, the matter cannot be mechanically referred to arbitration under Section 8 of the Arbitration and Conciliation Act, 1996 (A&C Act). The bench of Justice Manish Pitale remarked that amendment of Section 8 by the 2015...

Allahabad High Court Stays Rs.1,081 Crores GST Demand Against Paytm

The Allahabad High Court has stayed the Goods and Service Tax (GST) demand of Rs. 1,081 crores against Paytm."The amount of tax due on the transaction has already been paid, and the only dispute is whether it is to be treated as an intra-state sale or an inter-state sale; recovery of the demand raised shall remain stayed till the next date of hearing," the division bench headed by Chief...

Interest Income Earned By A Co-Operative Society Eligible For Deduction: ITAT

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) held that interest income earned by a co-operative society on its investments held with co-operative banks would be eligible for claim of deduction under section 80P(2)(d) of the Income Tax Act.The two-member bench of Kuldip Singh (Judicial Member) and S Rifaur Rahman (Accountant Member) found that the CIT(A) erred in upholding...

Period Of Limitation Begins To Run On The Date Of Payment Of Final Bill For Claims Rejected: Calcutta HC

The Calcutta High Court has held that the period of limitation would begin to run from the date of final payment for the claims that are rejected under it. The Court held that once a claim that was existing at the time of preparation of the final bill is rejected in the final payment, the limitation period commences which cannot be stopped by issuing unilateral letters by a party....

Domicile Reservation | NLSIU Says It 'Fully Complies With Applicable Law' Amid Protests

Former President of the Advocates’ Association of Bengaluru, A P Ranganatha and other advocates on Saturday staged a protest at the National Law School of India University (NLSIU) in Bengaluru, over the alleged non-implementation of the 25 percent domicile reservation policy at the institute.The protesters claimed that the premier Law Institute was acting against the interests of...

IIT KGP Student Death Case| ‘Ragging Can Adversely Impact Intellectual Growth, Well-Being & Development Of Nation’: Calcutta HC

Stressing that the menace of ragging can adversely impact the intellectual growth, well-being, and development of society and the nation, the Calcutta High Court on Friday directed the Director of IIT, Kharagpur to take stern, stringent and deterrent measures regarding the unnatural death of a 23-year-old student and to prevent the recurrence of such incidents in future. The bench...

Allahabad High Court Grants Anticipatory Bail To Man Accused Of Inciting Public To Demolish Gyanvapi Mosque

The Allahabad High Court has granted anticipatory bail (till submission of the police report, if any) to a man accused of inciting the public to demolish the Gyanvapi Mosque. The bench of Justice Subhash Chandra Sharma passed this order earlier this month on the anticipatory bail plea of accused Digvijay Chaube, who has been booked under sections 153A, 295A 505(2) I.P.C. “In the...

History Of Chola Dynasty Distorted In 'Ponniyin Selvan', Lawyer Alleges In Plea Before Madras High Court

A lawyer from Chennai has approached the Madras High Court seeking action against Director Mani Ratnam for allegedly portraying the wrong history of the Chola empire in his movie Ponniyin Selvan: I.Advocate L.K. Charles Alexander in his petition alleges that the director has distorted the history of the Chola dynasty for commercial purposes and has used the names of the historical figures in...

Delhi Court Grants Bail To Man Accused Of Assaulting Swati Maliwal

A Delhi Court on Saturday granted bail to Harish Chander, who is accused of allegedly harassing and assaulting Delhi Commission for Women (DCW) Chief Swati Maliwal on January 19.The case was registered on Maliwal's complaint alleging that she was dragged on road when her arm got caught in the window of a car which was being driven by a drunk man outside AIIMS. The FIR was registered...

Centre Notifies Appointment Of 2 Additional Judges To Karnataka High Court

The Central government on Saturday notified the appointment of two Additional Judges to the Karnataka High CourtThey are as follows:1. Ramachandra Dattatray Huddar2. Venkatesh Naik ThavaryanaikThe Supreme Court Collegium, in its meeting held on 10 January 2023 has approved the proposal for the elevation of the above-named Judicial Officers as Judges in the Karnataka High Court. The Court had...