Top Stories
IBC| Timeline To Pay Balance Sale Consideration By Auction Purchaser In Liquidation Proceedings Mandatory : Supreme Court
The Supreme Court recently interpreted Rule 12 of Schedule 1 under Regulation 33 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 as mandatory in character. Rule 12 relates to how assets of the Company (Corporate debtor) are to be sold by the Liquidator. Rule 12 reads: "On the close of the auction, the highest bidder shall be invited to provide balance...
Take Steps To Ensure Speedy Trial In Heinous Crimes & Crimes Against Women & Children: Supreme Court To Allahabad HC CJ
The Supreme Court on Thursday (September 5) requested the Chief Justice of the Allahabad High Court to take measures to ensure the speedy conclusion of trials, particularly in cases involving heinous crimes and crimes against women and children.A bench of Justice Hrishikesh Roy and Justice Sudhanshu Dhulia observed that delays in the trial were enabling accused persons charged with heinous...
Supreme Court Directs NEERI To Define And Classify Non-Polluting Industries With Assistance From CPCB And Experts
The Supreme Court on Friday (September 6) directed the National Environmental Engineering Research Institute (NEERI) to define and classify non-polluting industries with the assistance of the Central Pollution Control Board (CPCB) and consultation with relevant experts.A bench of Justice Abhay Oka and Justice Augustine George Masih highlighted the critical nature of the task and directed NEERI...
Karnataka Stamp Act | Supreme Court Approves Levy Of Ten Times Penalty On Deficit Stamp Duty To Admit Document In Evidence
The Supreme Court in a recent judgment justified the imposition of ten times penalty on a deficit stamp duty being unpaid by the litigant under the Karnataka Stamp Act, 1957 (“Act”). The Appellant wanted the suit agreement to be admitted in evidence at the interlocutory stage, however, the agreement was not sufficiently stamped. Therefore, in terms of Section 34 of the Act, the Appellant...
Kesavananda Bharati Judgment Paved Way For Economic & Social Justice : Justice BR Gavai
Justice Bhushan Ramkrishna Gavai, judge of the Supreme Court, recently delivered a keynote address at the National University of Study and Research in Law (NUSRL), Ranchi, during the 'Justice S.B. Sinha Memorial Lecture, commemorating the Golden Jubilee of the landmark case "Kesavananda Bharati vs. State of Kerala." The program began with a solemn tribute by Justice Rongon Mukhopadhyay of...
Supreme Court To Lay Down Procedure To Avoid Delays In Execution Of Death Penalty After Mercy Petition Is Rejected
The Supreme Court on Thursday(September 5) said that it will lay down procedure to be followed by the state and the judiciary after the Supreme Court confirms death sentence of a convict and mercy petition is rejected, in order to avoid delay in execution of the sentence.During the hearing, the Court asked what procedure would be followed if the Sessions Court issued a warrant without...
'We Can't Run GST Administration' : Supreme Court Dismisses Plea For Rating Mechanism For GST Payers
The Supreme Court on Friday (September 6) dismissed a Public Interest Litigation seeking directions to the Union to formulate and implement a centralized rating mechanism of taxpayers under the Central Goods and Services Tax Act 2017 (CGST Act).The bench led by CJI DY Chandrachud comprising Justices JB Pardiwala and Manoj Misra refused to entertain the PIL since such a relief would fall...
Supreme Court Quashes Criminal Prosecution Against Company Granted Immunity Under S.32K Central Excise Act
The Supreme Court set aside the criminal prosecution against a company under the Customs Act, 1962 (CA), Central Excise Act (CE Act), 1944 and Indian Penal Code (IPC) from prosecution.The Appellant/Company having registered under the Companies Act, 1956 engaged in manufacturing and exporting of cosmetics and toilet preparations. It was alleged that instead of payment of Countervailing Duty...
Jharkhand Cabinet Approves Rs 5 Lakh Medical Insurance For 30K Lawyers, 5K Monthly Stipend For New Lawyers, 14K Pension For Senior Lawyers
The Jharkhand government, in a Cabinet meeting chaired by Chief Minister Hemant Soren on September 6, 2024, approved a Rs 5 lakh medical insurance cover for over 30,000 lawyers across the state. Additionally, the Cabinet approved two more key schemes aimed at supporting lawyers. Advocates aged 65 years and above will now receive a monthly pension of Rs 14,000, while newly enrolled advocates...
'Parties' Rights Can't Override Child's Welfare' : Supreme Court Sets Aside HC Order Giving Father Toddler's Custody From Maternal Relatives
Observing that the welfare of a child is of paramount importance, the Supreme Court on Friday (Sep.6) set aside the Madhya Pradesh High Court's order which had granted the custody of a 2.5-year-old child to her father on the sole ground of he being a 'natural guardian' of the child."As far as the decision regarding custody of the minor children is concerned, the only paramount consideration...
APSRTC Employees Appointed In Regions Forming Part Of Telangana Will Be TSRTC Employees Following Andhra Pradesh Bifurcation : Supreme Court
The Supreme Court held that the employees of the Andhra Pradesh State Road Transport Corporation (APSRTC), who were appointed at regional levels in areas which formed part of the State of Telangana, will continue as employees of the Telangana State Road Transport Corporation (TSRTC), which is the successor corporation following the bifurcation of the State of AP.The Supreme Court set aside...
Supreme Court Directs Project Proponents Who Obtained Tree Felling Permissions To Submit Data On Compensatory Afforestation
The Supreme Court on Friday directed the Centrally Empowered Committee to call upon various project proponents that have received tree felling permissions from the Court to upload data on compliance with Court conditions regarding compensatory efforts.The Court stated it will initiate contempt proceedings against those project proponents who fail to upload the data on CMIS within three months...