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Bombay High Court Sets Aside Arbitral Awards Holding Sharekhan Liable For Investor Losses In F&O Trades
The Bombay High Court recently ruled that mere violation of SEBI's trade confirmation circular does not automatically make a broker liable for market losses, and it set aside arbitral awards that directed stockbroker Sharekhan Limited to reimburse investors for losses sustained in Futures and Options (F&O) trading. The Single Bench on 24th December, 2025, decided that investors who...
RBI Can Permit Share Allotment Against Second-Hand Imported Capital Equipment On Non-Repatriation Basis: Calcutta High Court
The Calcutta High Court held that the RBI (Reserve Bank of India) is empowered under the FERA (Foreign Exchange Regulation Act, 1973) to permit allotment of shares to an NRI against the import of second-hand capital equipment on a non-repatriation basis.Justices Madhuresh Prasad and Supratim Bhattacharya stated that the RBI, while allowing the permission, also relied upon the Government of...
Driver Negligence, Not Manufacturing Defect: Karnataka State Consumer Commission Allows Honda Cars India's Appeal
The Karnataka State Consumer Disputes Redressal Commission, comprising Justice T.G. Shivashankare Gowda (President) and Divyashree M. ( Member) has allowed appeals filed by Honda Cars India Ltd. and Peninsula Honda, setting aside a District Commission order that had previously held them liable for a car's engine failure. The State Commission observed that the damage was a consequential...
CESTAT Annual Digest 2025
Service Tax Not Payable On Commission Received From Foreign Universities For Promoting & Publicizing Business In India: CESTATCase Title: TC Global India Pvt. Ltd. v. Additional Director General, DGCEI, New DelhiCase Number: Service Tax Appeal No. 51355 of 2017The New Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has stated that service tax is not payable...
CBIC Extends Anti-Dumping Duty On Flexible Slabstock Polyol Imports From Saudi Arabia And UAE
The Central Board of Indirect Taxes and Customs (CBIC) has extended the levy of anti-dumping duty on imports of Flexible Slabstock Polyol originating in or exported from Saudi Arabia and the United Arab Emirates up to June 17, 2026, pending completion of sunset review proceedings.The subject goods, namely “Flexible Slabstock Polyol of molecular weight 3000–4000,” fall under...
Remand Does Not Freeze Legal Position; Fresh Decision Must Apply Current Law : Supreme Court
The Supreme Court has held that when a matter is remanded for fresh consideration, the adjudicating authority is not irrevocably bound by the observations in the remand order if the issue itself was not finally decided, and must instead apply the binding law as it stands on the date of decision.“In our view, when a Court or Appellate Tribunal remands a matter to the subordinate court,...
Exporters Not Using Letters Of Credit Cannot Be Denied Rice Export Duty Exemption: Chhattisgarh High Court Directs ₹2.1 Crore Refund
The Chhattisgarh High Court has held that exporters who do not carry out exports through Letters of Credit (LoCs) cannot be denied exemption from export duty on parboiled rice solely on the ground that they failed to satisfy an LoC-related condition in a temporary exemption notification.A Division Bench of Chief Justice Ramesh Sinha and Justice Bibhu Datta Guru delivered the ruling while...
![Madras High Court Monthly Digest: December 2025 [Citation 455 to 501]](https://www.livelaw.in/h-upload/2022/02/01/500x300_408688-madras-high-court-monthly-digest.jpg "Madras High Court Monthly Digest: December 2025 [Citation 455 to 501]")
Madras High Court Monthly Digest: December 2025 [Citation 455 to 501]
Citations: 2025 LiveLaw (Mad) 455 To 2025 LiveLaw (Mad) 501 NOMINAL INDEX Cognizant Technology Solutions India Private Limited v. Commissioner of Income Tax, 2025 LiveLaw (Mad) 455 The State of Tamil Nadu and Another v. Madras Race Club and Others, 2025 LiveLaw (Mad) 456 Rama Ravikumar v. The District Collector and Others, 2025 LiveLaw (Mad) 457 Mir Mahamood Ali v. Mir...
Kerala Court Grants Pre-Arrest Bail To MLA Rahul Mamkootathil's Co-Accused In Rape & Miscarriage Case
The Sessions Court, Thiruvananthapuram on Saturday (January 3) granted anticipatory bail to the co-accused in rape and forced miscarriage case against MLA Rahul Mamkootathil. Smt. Nazeera S., Principal District and Sessions Judge, allowed the plea of 2nd accused, Joby Joseph.The prosecution allegation was that Mamkootathil befriended the victim through social media while she was living...
