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Builder-Bank Nexus: After Preliminary Enquiry Finds Cognizable Offence Over Outside NCR Projects, Supreme Court Asks CBI To Register FIR
In the matter where the Supreme Court ordered a probe by the Central Bureau of Investigation into a builder-banks nexus exploiting homebuyers in the national capital region, the CBI was today allowed to proceed with registration of criminal cases qua projects outside NCR.On a mentioning, a bench of Justices Surya Kant, Ujjal Bhuyan and N Kotiswar Singh allowed the CBI to register regular...
Delhi High Court Denies Bail To Afghan National Found Smuggling Over 900 Grams Of Heroin Capsules Inside Body
The Delhi High Court has denied bail to an Afghan national, caught smuggling 905 grams Heroin into India, inside his stomach.Justice Neena Bansal Krishna found that the recovery was made after keeping the accused in hospital for several days, waiting for him to excrete as many as 113 capsules. The bench thus observed,“Here is a case where the Applicant was trying to import into India 905...
Income Tax Act | To Claim Deduction U/S 54F, Assessee Must Show Intention To Repay Borrowed Funds With Capital Gains: Kerala HC
The Kerala High Court stated that to claim the Section 54F deduction under the Income Tax Act, the assessee must satisfy the authorities that borrowed funds were used at their own risk with the intention to be repaid with capital gains. Section 54F of the Income Tax Act, 1961, allows a tax exemption on capital gains earned from selling a residential property, but only if certain...
Discretion Vested Upon NCLT U/S 7(5)(A) IBC Cannot Be Used To Impel Financial Creditor To Consider Settlement: NCLT Chennai
The NCLT, Chennai Bench, comprising Sanjiv Jain (Member-Judicial) and Venkataraman Subramaniam (Member-Technical), has held that the discretion vested upon the adjudicating authority under section 7(5)(a) IBC cannot be used to impel the financial creditor to consider the settlement proposed by the corporate debtor. The financial creditor, Punjab National Bank, filed a petition...
Judicial Officer Who Completed 7 Year Practice At Bar Eligible For District Judge Direct Appointment : Petitioners Argue In Supreme Court [Day 1]
The Supreme Court today began its Constitution Bench hearing on the issue of whether a judicial officer, who has already completed 7 years in the Bar, is entitled to be appointed as a District Judge against a Bar vacancy.The 5-judge bench of Chief Justice of India BR Gavai, Justices MM Sundresh, Aravind Kumar, SC Sharma and K Vinod Chandran considered the matter.The bench has been...
'Disturbing' : Supreme Court Slams Registry For 3 Years' Delay In Listing Case, Orders Enquiry
The Supreme Court strongly criticized its Registry for delaying the listing of a case by over three years despite a clear judicial order to list it 'immediately after service.' The Court directed the Registrar (Judicial) to conduct an inquiry into the lapse and submit a report within two weeks identifying the officer responsible."A bench of Justices JK Maheshwari and Vijay Bishnoi was hearing...
'Lawyers Filing Plea Even Without Meeting Clients': Delhi High Court Flags Rise Of Fictitious Firms In GST Cases
The Delhi High Court has flagged the trend of lawyers filing GST cases on behalf of 'fictitious' firms, without even meeting the client, even for the purpose of attestation and notary.A division bench of Justices Prathiba M. Singh and Harish Vaidyanathan Shankar made the observation while dealing with a petition seeking review of the order cancelling Petitioner's GST registration...
Does Immunity U/S 14 Of South Asian University Act Bar Courts From Exercising Writ Jurisdiction Over It? Delhi HC To Examine
The Delhi High Court is set to examine the issue of whether the South Asian University (“SAU”), by virtue of section 14 of the SAU Act 2008, read with Section 3 and the schedule appended to the United Nations (Privileges and Immunities) Act, 1947 (“1947 Act”), is amenable to Writ jurisdiction of the High Court. The division bench of Chief Justice D.K. Upadhyaya and Justice Tushar...







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