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Company & PMLA
Former Director Can’t Be Prosecuted for Company’s Fraud After Exit; Karnataka High Court Quashes LOC
The Karnataka High Court has quashed criminal proceedings initiated against a former director of...
Company & PMLA
PMLA | Belated Petition Challenging Multiple Trial Orders Not Maintainable: Jharkhand High Court
The Jharkhand High Court has dismissed a criminal miscellaneous petition filed by Dilip Kumar...
Company & PMLA
Ex IAS Anil Tuteja Denied Bail in PMLA-Linked Corruption Case: Chhattisgarh High Court
The Chhattisgarh High Court has rejected the regular bail application of former IAS officer...
Company & PMLA
PMLA Summons Don’t Automatically Justify Arrest: Orissa High Court Grants Interim Protection
The Orissa High Court has granted interim protection from arrest to a businessman facing...
Company & PMLA
ED Attachment Renders SARFAESI Auction Void: Andhra Pradesh High Court Orders Refund To Auction Purchaser
The Andhra Pradesh High Court has held that an auction sale conducted under the...
Company & PMLA
Corporate Guarantees Constitute ‘Financial Debt’ Under IBC; Supreme Court Quashes NCLAT Orders Denying Financial Creditor Status
The Supreme Court has held that liabilities arising from corporate guarantees squarely fall within...
Company & PMLA
PMLA Attachment Without Scheduled Offence Unsustainable: Chhattisgarh High Court
The Chhattisgarh High Court allowed multiple appeals filed by IAS officer Ranu Sahu and...
Company & PMLA
ED Conducts Nationwide Raids in Rs. 1,400 Crore Illegal Remittance Case Linked to Shell Firms and Bullion Trade
The Directorate of Enforcement (ED) has carried out extensive search operations across India in...
Company & PMLA
IBC Can’t Be Used as a Recovery Tool for Enforcing Money Decrees: Supreme Court Quashes CIRP Against Solvent Company
The Supreme Court has held that insolvency proceedings cannot be invoked as a substitute...
Company & PMLA
Delhi Court Grants ED Custodial Remand in ₹11,500+ Crore RHFL–RCFL Money Laundering Probe
In a significant development in the ongoing money laundering investigation linked to Reliance Home...
Company & PMLA
ED Cites “Reason to Believe” To Arrest Amitabh Jhunjhunwala Under PMLA
The Directorate of Enforcement (ED) has recorded detailed “reasons to believe” for the arrest...
Company & PMLA
Hypothecators Liable as Corporate Guarantors for Rs. 250+ Crore Debt: NCLT Admits Insolvency Pleas Against Group Companies
The National Company Law Tribunal (NCLT), New Delhi Bench, has dealt with a batch...
Latest articles
Direct Tax
Income of Foreign Company Can’t Be Taxed in Hands of Shareholders: Delhi High Court
The Delhi High Court has held that income earned by a foreign company cannot...
Direct Tax
Bombay High Court Quashes Reassessment Notice Based on Change of Opinion
The Bombay High Court has quashed reassessment proceedings holding that reopening of assessment beyond...
Direct Tax
Short Deduction of TDS Not Equal to Non-Deduction: Bombay High Court
The Bombay High Court has held that short deduction of tax at source (TDS)...
Direct Tax
Income Tax Dept Attaches Rs. 100 Crore Land in Telangana in Alleged Benami Deal
The Income Tax Department’s Benami Prohibition Unit has provisionally attached 2.2 acres of high-value...