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LALIT MODI TRIBUNAL VERDICT
IPL founder Lalit Modi to return to India after tribunal relief in 2009 fund transfer caseLalit Modi is set to make his return to India by late 2023 or early 2027. A significant legal victory from the Appellate Tribunal, which ov...- Registration of redevelopment agreement alone doesn’t trigger tax, rules ITATMumbai ITAT ruled agreement registration does not mean property receipt. Tax cannot be levied on future property rights under anti-abuse pr...
- SC issues notice on Venugopal Dhoot's plea against order upholding separate insolvency for VIL, VOVLThe Supreme Court will hear Venugopal Dhoot's plea against an NCLAT order. This order upheld separate insolvency proceedings for two Videoc...
- Gratuity, leave encashment not part of CIRP cost: NCLATThe NCLAT dismissed an appeal regarding priority payment of gratuity dues. It upheld an earlier NCLT order concerning Duncans Industries' f...
- SC rejects Centre's plea against HC order quashing consular, passport and visa servicesThe Supreme Court dismissed the Centre's plea challenging a Delhi High Court verdict. This verdict had quashed the tender process for consu...
- Hydrogen train: Railways to soon announce date for regular serviceNorthern Railway will soon announce the start of commercial operations for India's first hydrogen train. Prime Minister Narendra Modi inaug...
- Nirmohi Akhara moves Supreme Court seeking reconstitution of Ram temple trust as 'public trust'The Nirmohi Akhara has approached the Supreme Court seeking trust reconstitution. They want the Shri Ram Janmabhoomi Theerth Kshetra Trust ...
- Pakistan raises jet fuel price by PKR 40.35 per litre amid global oil market volatilityPakistan has increased jet fuel prices by PKR 40.35 per litre, reaching PKR 291.55. This follows a previous hike, bringing the total increa...
- Employee wrongly reported Rs 65.21 lakh VRS payout in ITR, lost tax relief; ITAT Pune rules the amount is not taxable and grants him reliefEmployee got Rs 65.21 lakh as VRS after company shut plant, but wrong ITR reporting led to tax dispute; ITAT Pune rules in his favour and g...
- PM Modi slams AAP over drugs, corruption; says only BJP can transform PunjabAhead of the Punjab Assembly elections, Prime Minister Narendra Modi accused the AAP government of corruption, worsening law and order, and...
- Bangladesh's request to extradite Sheikh Hasina under scrutiny: New DelhiIndia is currently examining a request from Bangladesh for extradition. Sheikh Hasina, the former prime minister, is reportedly planning he...
- PM Modi attacks AAP government in Punjab, targets Shiromani Akali DalPrime Minister Narendra Modi criticized the Aam Aadmi Party government in Punjab for corruption and the drug menace. He also attacked the S...
- Pending civil suits, arbitral claims stand abated after resolution plan approved under IBC: Supreme CourtThe Supreme Court has ruled that once a resolution plan is approved, any pending civil suits and arbitration proceedings are effectively ha...
- 4-year-old dies in car accident, tribunal asks driver and owner to pay Rs 40.37 lakh compensation citing 'res ipsa loquitur'. Here's what it meansA Delhi tribunal awarded over Rs 40 lakh compensation to parents. The child died after being hit by a speeding car in 2020. The tribunal ap...
- Absence of train ticket alone cannot defeat railway-accident claim: SCThe Supreme Court ruled that a missing train ticket does not bar compensation for accident victims. This decision strengthens passenger rig...
- ITAT rules Cloudera Inc's software subscription revenue not taxable as royaltyThe ITAT has ruled that Cloudera's software subscription fees from Indian customers are not taxable in India as royalty or technical servic...
- Byju’s creditors clear Aakash settlement proposalThink & Learn's creditors have approved a settlement for the Aakash Educational Services shareholding dispute. This development brings Byju...
- Sheikh Hasina's return: India says stance unchangedIndia maintains its cautious approach regarding Sheikh Hasina's potential return to Dhaka. She fled Bangladesh after her government collaps...
- South China Sea: India backs 2016 tribunal ruling, calls for freedom of navigationIndia has called for upholding freedom of navigation and unimpeded commerce in the South China Sea. New Delhi also backed a 2016 internatio...
- NCLT clears 78 resolution plans involving Rs 5,518 cr in June quarterThe National Company Law Tribunal approved 78 resolution plans totaling Rs 5,517.66 crore. This marks the highest first quarter performance...
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