Weekly Digest Of IBC Cases: 03rd June 2024 To 09th June 2024

HIGH COURTS Official Liquidator Must Adhere To Ethical Principles And Fairness To Discharge Their Duties Under IBC: Delhi High Court Case Title: Sundaresh Bhat vs Insolvency And Bankruptcy Board of India Case No.: W.P.(C) 14389/2022 The Delhi High Court bench of Justice Subramonium Prasad held that official liquidators must adhere to ethical principles and...

Direct Tax Cases Weekly Round-Up: 02 To 08 June 2024

Delhi High CourtOnce Issue Of Arm's Length Remuneration Settled By TPO, Question Of Ascertaining Existence Of PE Is Academic; Delhi High Court Quashes Reassessment ProceedingsCase Title: Progress Rail Locomotive Inc. (Formerly Electro Motive Diesel Inc.) Versus Deputy Commissioner Of Income-TaxCitation: 2024 LiveLaw (Del) 671The Delhi High Court, while quashing the reassessment...

Indirect Tax Cases Weekly Round-Up: 02 To 08 June 2024

Kerala High CourtClaim For Sales Tax Exemption In Respect Of Transit Sales To Be Justified By Showing Sale As Having Occurred In Transit: Kerala High CourtCitation: 2024 LiveLaw (Ker) 336Case Title: M/S.I.T.I.LTD Versus State Of KeralaThe Kerala High Court has held that a claim for exemption in respect of transit sales must be justified by showing the sale as having occurred in transit.Time...

Arbitration Weekly Round Up: 26th May 2024 To 2nd June 2024

Delhi High Court [Arbitration Act] Awarding Interest Rate Is Discretion Of Arbitrator, Can't Be Claimed As Matter Of Right: Delhi High Court Case Title: M/S Space 4 Business Solution Pvt Ltd Vs The Divisional Commissioner Principal Secretary And Anr. Case Number: ARB.P. 360/2024 The Delhi High Court bench of Justice Neena Bansal Krishna held that awarding interest rate is...

Consumer Cases Weekly Round-Up: 27th May To 2 June 2024

National Consumer Disputes Redressal Commission Rejection Of A Surveyor's Report Must Be Due To Arbitrariness: NCDRC Case Title: United India Insurance Co. Ltd Vs. M/S. Khadi Udhyog The National Consumer Disputes Redressal Commission, presided by Subhash Chandra, held that the surveyor's report in an insurance incident can only be rejected based on pervasiveness...

Delhi High Court Weekly Round-Up: May 27 To June 02, 2024

Citations 2024 LiveLaw (Del) 638 to 2024 LiveLaw (Del) 672NOMINAL INDEXMUNNA SINGH & ANR. v. STATE OF NCT OF DELHI & ORS. 2024 LiveLaw (Del) 638 SHREE HANUMANT DHARMIK RAMLEELA COMMITTEE REGD & ANR. v. DELHI DEVELOPMENT AUTHORITY & ORS. 2024 LiveLaw (Del) 639 SHRIKANT PRASAD v. GOVT OF N.C.T OF DELHI AND ORS 2024 LiveLaw (Del) 640 SpiceJet v. TWC Aviation 2024 LiveLaw...

RERA Weekly Round Up – 27 May To 2 June 2024

Maharashtra Real Estate Appellate Tribunal MahaREAT Refuses To Adjudicate Homebuyer's Appeal Due To Ongoing Injunction Issued By Pune Civil Court Case – Kunal Kashyap & another Versus M/S Atul Enterprises The bench of the Maharashtra Real Estate Appellate Tribunal ('Tribunal'), comprising Justice Shriram R. Jagtap (Judicial Member) and Dr. K. Shivaji (Technical...

Weekly Digest Of IBC Cases: 27th May 2024 To 02nd June 2024

NCLAT NCLAT Upholds Adani Goodhomes Bid With 93% Haircut For Radius Estate Case Title: Beacon Trusteeship Ltd vs. Jayesh Sanghrajka & Ors and connected petitions Case No: Company Appeal (AT) (Insolvency) No. 1494 – 1495 of 2022 The National Company Law Appellate Tribunal ('NCLAT'), New Delhi comprising Justice Ashok Bhushan (Chairperson) and Barun...

Jammu and Kashmir and Ladakh High Court Weekly Roundup May 27 - June 2, 2024

Nominal Index:Bhajan Singh Vs State Of J&K 2024 LiveLaw (JKL) 129ABDUL QADIR BHAT AND ANOTHER Vs M/S SHRI RAM TRANSPORT FINANCE Co.Ltd 2024 LiveLaw (JKL) 130Abdul Rashid Zargar Vs Union Territory of J&K & Ors 2024 LiveLaw (JKL) 131WASEEM AHAD AND OTHERS Vs UT Of J&K 2024 LiveLaw (JKL) 132Mohammad Rafiq Rather Vs Sara Banoo 2024 LiveLaw (JKL) 133WASEEM AKRAM & ANR Vs UT...

CESTAT Cases Weekly Round-Up: 26 May To 01 June 2024

Set Top Boxes Satisfy Definition Of 'Inputs', Dish TV Entitled To 100% Credit: CESTATCase Title: M/s Dish TV India Ltd. Versus Commissioner of CGST, NoidaThe Allahabad Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT)has held that Dish TV is entitled to 100% credit as the set top boxes satisfy the definition of 'Inputs'.Dept. Can't Re-Determine MRP Of Laptops Imported By...

Indirect Tax Cases Weekly Round-Up: 26 May To 01 June 2024

Madras High CourtNo Embargo On Commercial Tax Dept. From Summoning To Furnish Records Even If Assessment Is Completed: Madras High CourtCase Title: M/s.V.R.Muthu & Bros. Versus State Tax OfficerCitation: 2024 LiveLaw (Mad) 225The Madras High Court has held that merely because the assessment is deemed to have been completed in both cases, it does not mean that the officers are precluded...

Direct Tax Cases Weekly Round-Up: 26 May To 01 June 2024

Delhi High CourtInterest Received By Indian PE On Deposit Maintained With Head Office/Overseas Branch Is Not Taxable In India: Delhi High CourtCase Title: The Commissioner Of Income Tax-International Taxation-3 Versus The Bank Of Tokyo-Mitsubishi UFJ Ltd.The Delhi High Court has held that interest received by the Indian PE on deposits maintained with the Head Office/Overseas Branch is not...