Madras High Court Rejects Review Of ₹10 Crore Cash Credit Addition For Lack Of Due Diligence

The Madras High Court on 28 September dismissed a review application seeking to reopen a Rs. 10 crore unexplained cash credit addition against an individual engaged in civil contract business. A Division Bench comprising Chief Justice Sushrut Arvind Dharmadhikari and Justice G. Arul Murugan dismissed the review application, holding that the petitioner failed to show due diligence in producing documents relied upon as new evidence and failed to establish the identity and creditworthiness of the...

Delhi High Court Says NatWest Can't Reduce Interest On ₹5.89 Crore Court-Ordered FDR Without Notice

The Delhi High Court on 23 September dismissed an appeal filed by NatWest Markets PLC against a direction requiring it to pay interest at the higher applicable rate on a fixed deposit maintained pursuant to a court order. A Bench comprising Justices Avneesh Jhingan and Shail Jain passed the order while dealing with NatWest's challenge to the Single Judge's direction to deposit the entire amount with the Registrar General along with interest calculated at the average rate applicable during the...

SARFAESI Possession Of Property Doesn't Bar Redevelopment If Security Is Protected: Bombay High Court

The Bombay High Court on 7 September held that a secured creditor's possession of mortgaged property under the SARFAESI Act does not, by itself, prevent redevelopment of the property, provided the creditor's security remains protected. Justice Amit Borkar permitted redevelopment of flats in Virani Towers, over which the State Bank of India (SBI) had taken possession under SARFAESI proceedings, while directing that the Bank's security should not be diluted or extinguished. The Bench observed: ...

No Court Can Condon Delay In DRT Written Statements Beyond 45 Days: Delhi High Court

The Delhi High Court has ruled that delay beyond the maximum 45-day period for filing a written statement before a Debts Recovery Tribunal (DRT) under Section 19(5)(i) of the Recovery of Debts and Bankruptcy Act, 1993 (RDB Act) cannot be condoned.“The delay beyond the maximum period 45 days prescribed under Section 19(5)(i) of the RDBA Act cannot be condoned by any Court,” a Division Bench of Justice Subramonium Prasad and Justice Renu Bhatnagar observed while dismissing a petition filed by...

Delhi High Court Asks RBI To Caution Banks After Axis Bank's Unilaterally Appointed Arbitrator Handles 4,155 Cases

The Delhi High Court has directed the Reserve Bank of India to caution banks against unilateral appointments of arbitrators and consider remedial measures or guidance for banks and financial institutions on the issue.The direction came after the Court was informed that an arbitrator appointed by Axis Bank had handled 4,155 arbitrations concerning the Bank over four to five years. The Bank also informed the Court that around 76,000 awards had been passed pan-India by such sole arbitrators...

Later DRC-01 Date Alone Cannot Make GST SCN Time-Barred: Delhi High Court

The Delhi High Court has held that a delay in generating Form GST DRC-01, an electronic summary of a GST show-cause notice, does not by itself make the underlying notice time-barred if the substantive notice was issued within the prescribed period.The Division Bench of Justices Anil Khetarpal and Bharat Parashar was dealing with two petitions filed by a proprietorship concern challenging proceedings under Section 74 of the Central Goods and Services Tax (CGST) Act, 2017.The principal issue...

Wholesale Reproduction Of ANI Videos On YouTube Not Fair Dealing: Delhi High Court Restraints RSY News

The Delhi High Court has held that the wholesale reproduction of ten news videos of multimedia news agency ANI on YouTube cannot be regarded as fair dealing for reporting current events when the copied material operates as a substitute for the original works. The court directed Patna-based RSY News to take down the infringing content from all platforms, including its four YouTube channels. Justice Purushaindra Kumar Kaurav, in a judgment dated September 29, 2026, permanently restrained RSY...

Pending Suit Against Company Under Liquidation Requires NCLT Leave To Proceed: Patna High Court

The Patna High Court has held that a pending commercial suit involving a company under liquidation cannot proceed without leave of the National Company Law Tribunal (NCLT)."once a winding up order is passed, no suit or other legal proceedings shall be commenced or if pending at the date of the winding up order, shall be proceeded with, by or against the company except with the leave of the Tribunal and subject to such terms that the Tribunal may impose,” a Bench of Justices Rajeev Ranjan Prasad...

Madras High Court Acquits Woman, Says Non-Filing Of IT Return Not Wilful Without Tax Liability

The Madras High Court has acquitted a woman convicted for failing to file her income tax return, holding that the non-filing was not wilful where the Income Tax Department had failed to establish that she was liable to pay any tax.Justice Sunder Mohan observed that Section 276CC of the Income Tax Act makes the tax payable by the assessee relevant for determining whether prosecution for failure to file a return can be sustained. It held that, in the absence of any assessment or determination...

Entire Bank Account Cannot Be Frozen For ₹2,253 Disputed Transaction: Calcutta High Court

The Calcutta High Court on 30 September held that an entire bank account cannot be debit-frozen when the disputed transaction under investigation involves only a specific amount, and directed Axis Bank to de-freeze the account while retaining a lien over the disputed amount. Justice Rishad Medora directed Axis Bank to de-freeze the bank account of Sohel Molla, while permitting it to maintain a lien over Rs. 2,253 pending further directions from the investigating officer. The Bench observed: ...

Orissa High Court Quashes Air Pollution Case Against Tata Steel Over Bhushan Steel's Pre-CIRP Offences

The Orissa High Court has quashed criminal proceedings against Tata Steel Limited (TSL) arising from alleged violations of the Air (Prevention and Control of Pollution) Act, 1981 by erstwhile Bhushan Steel Limited (BSL).A coram of Justice Sibo Sankar Mishra was dealing with a petition filed by TSL under Section 482 of the Criminal Procedure Code seeking quashing of proceedings pending before the SDJM, Dhenkanal, as well as the order taking cognizance against the company. The State Pollution...

GST Appeal Pre-Deposit Has No Impact On ITC Blocking Under Rule 86A Of CGST Rules: Madras High Court

The Madras High Court has held that making the mandatory pre-deposit for filing a GST appeal does not, by itself, require unblocking of Input Tax Credit (ITC) blocked under Rule 86A of the GST Rules. Justice Senthilkumar Ramamoorthy clarified that although the pre-deposit results in a deemed stay on recovery of the balance demand under Section 107(7) of the Central Goods and Services Tax Act, 2017 (CGST Act), it does not affect a separate blocking order under Rule 86A, and disposed of a...