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Introduction The Supreme Court has expressed concern over the functioning of banks in India, observing that financial institutions often appear casual while sanctioning massive loans to large entities but impose extremely strict scrutiny and demanding procedures
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In an important ruling on corporate governance, the Supreme Court has reiterated that a company cannot provide a loan to its director unless it is approved through a special resolution passed in a general meeting of
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The Karnataka High Court has upheld the Centre’s authority to issue a “Leave India Notice” to a foreign national who is found to be residing in India on an employment visa that was obtained by fraudulent
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The Telangana High Court has held that income from the sale of tissue-cultured plants qualifies as agricultural income and is therefore exempt from income tax under the provisions governing agricultural income, even though advanced scientific techniques
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The Gauhati High Court has clarified that an employer can still initiate disciplinary proceedings against an employee even after a conciliation settlement under the POSH (Sexual Harassment of Women at Workplace) Act. The Court explained that
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The Jammu & Kashmir and Ladakh High Court has held that deliberately signing a cheque with a signature that does not match the specimen — with the intent of preventing its encashment — can amount to
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The Supreme Court of India has ruled against Tiger Global in a long-running tax dispute arising from its 2018 sale of a Flipkart stake to Walmart, holding that the transaction was structured for tax avoidance and
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The Karnataka High Court has quashed a cheque dishonour complaint under Section 138 of the Negotiable Instruments Act against a man after referring to official records showing that he was not a director of the company
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