Calcutta HC Quashes Pranabananda Cooperative Bank Winding-Up, Says Liquidator Can't Judge Own Cause

On 16 September, the Calcutta High Court held that requiring appellants to challenge the appointment of a liquidator through the liquidator himself would amount to an “appeal from Caesar to Caesar's wife”, as it would require the liquidator to act as a judge in his own cause. A Division Bench of Justices Shampa Sarkar and Arjun Ray Mukherjee set aside the winding-up of Pranabananda Cooperative Bank Limited, as well as the orders of the West Bengal Cooperative Tribunal and Single Judge upholding...

'Abominable': Allahabad High Court Pulls Up SBI For Debiting Wife's FD For Husband's Loan

The Allahabad High Court at Lucknow has pulled up the State Bank of India for debiting ₹19.90 lakh from a woman's fixed deposit towards her deceased husband's loan dues, calling the process “abominable” and “clearly an anathema to banking practice”.A bench of Justice Shekhar B Saraf and Justice Abdhesh Kumar Chaudhary held that SBI had failed to show any legal basis for debiting the account of Neha Mishra, who had no privity of contract with the bank, towards her husband's dues.Mishra's husband,...

Delhi High Court Blocks Piracy Websites From Streaming Amazon's Kunal Kemmu, Preity Zinta Film 'VIBE'

The Delhi High Court has restrained 11 piracy websites, including Cinevood, PVRPlay and 1TamilMV, from hosting, streaming or otherwise making Amazon's upcoming film “VIBE” available online without authorisation, ahead of its scheduled theatrical release.Justice Jyoti Singh passed the ex parte ad interim order on September 15 in a suit filed by Amazon Seller Services Private Limited. The film is scheduled for a pan-India theatrical release on September 18, 2026.“VIBE” is written and directed by...

Bombay Shaving Co. Takes Down Allegedly Disparaging Ad After Gillette Suit In Delhi High Court

The Delhi High Court today noted that Visage Lines Personal Care Private Limited, the parent company of Bombay Shaving Company, has taken down a disputed advertisement after Gillette India filed a product disparagement suit. On a separate issue, Justice Jyoti Singh declined Gillette's request to immediately restrain a newly released advertisement by Bombay Shaving Company, saying the court would not intervene without a proper challenge being brought before it. “I am not going to permit you,...

'Vague Intuition' Of Arbitrator Bias Not Enough To Set Aside Award: Delhi High Court

The Delhi High Court has recently dismissed a challenge to an arbitral award, holding that a belated suspicion of bias cannot by itself justify interference with an award.“According to this Court, a vague intuition of biasness at such a belated stage or a simple suspicion by an unhappy party of biasness is not enough to claim biasness, as any such allegation must rest on solid facts, clear evidence, or statutory conflicts,” Justice Om Prakash Shukla held.The court was hearing a petition filed by...

Madras HC Disposes Pleas Over 'Agni Siragugal' After Maker Undertakes Not To Release Film Until Dues Cleared

The Madras High Court has disposed of three applications seeking to restrain the release and commercial exploitation of Tamil film Agni Siragugal after Amma Creations undertook not to release, distribute or otherwise commercially exploit the film without clearing the claimed dues.Justice K. Kumaresh Babu recorded the undertaking and directed that it be strictly abided by until the disposal of the arbitral proceedings. The order was passed on September 15.The applications were filed by Shanti...

J&K And Ladakh High Court Upholds Construction Workers Cess Act For Erstwhile J&K

The High Court of Jammu & Kashmir and Ladakh has upheld the levy of cess on the cost of construction under the Building and Other Construction Workers Welfare Cess Act, 1996, holding that the Cess Act is an extension and integral part of the law governing the employment and welfare of construction workers.A Division Bench of Acting Chief Justice Sanjeev Kumar and Justice Mohd Yousuf Wani held,“The Cess Act must be considered and treated to be an extension and integral part of the BOCW Act....

Assessing Officer Cannot Reopen Income Tax Settlement Through Reassessment: Supreme Court

The Supreme Court on Wednesday ruled that once a taxpayer's case has been finally settled by the Income Tax Settlement Commission, the Assessing Officer cannot reopen matters covered by the settlement through the ordinary reassessment route under Section 148 of the Income Tax Act.The Court said the Revenue can seek to reopen a settlement on the ground of fraud or misrepresentation by moving the Settlement Commission under Section 245D(6). The Assessing Officer, however, cannot independently...

NCLAT E-Filing Glitch Caused One-Day Delay: Supreme Court Sets Aside Order Dismissing IBC Appeal As Time-Barred

The Supreme court has held that a litigant cannot be made to suffer when a court or tribunal's e-filing system prevents papers from being filed despite a bona fide attempt within the prescribed limitation period. “When the system of the court/tribunal fails to receive the papers, which are sought to be presented bona fide and within the prescribed time, the litigant cannot be rendered remediless on the specious ground that the court/tribunal has no power to condone the delay,” a bench of...

Mere Payment By Indian Resident To Non-Resident Not Income Accruing In India: Delhi High Court

Holding so, the court directed the Revenue to refund about ₹783 crore in TDS to Teva Israel, along with applicable interest, within two months

RBI Recovery Guidelines 'Exist Only On Paper': Supreme Court Directs Effective Compliance By Banks, NBFCs

The Supreme court on Wednesday directed the Reserve Bank of India (RBI) to take effective steps to ensure that NBFCs and Scheduled Commercial Banks actually comply with its recovery guidelines, observing that the Guidelines, Master Circulars and Clarifications issued over the years have “existed only on paper”. The direction came while allowing an appeal by Hari Dutta Sharma, whose commercial vehicle was repossessed by Cholamandalam Investment and Finance Company Limited after loan defaults. ...

Gujarat High Court Quashes GST Demand, Holds ITC Cannot Be Denied On Non-Taxable Transaction

The Gujarat High Court has held that tax authorities cannot deny input tax credit on a transaction that was not taxable in the first place.A bench of Justice A.S. Supehia and Justice Vaibhavi D. Nanavati made the ruling while quashing a GST demand against Kor Chems over credit claimed on the acquisition of leasehold rights in a GIDC industrial plot. The court held that the ITC reversal and interest could not survive after finding that GST was not leviable on the transfer of the leasehold...