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News
Period Of Judicially Foreclosed Arbitral Award Execution Excluded From Limitation: Calcutta High Court
4+ day, 7+ hour ago (416+ words) 10 Sept 2026 3:28 PM IST The Calcutta High Court on 7 September held that the period during which execution of an arbitral award was practically unavailable due to binding judicial precedent cannot be counted for computing the limitation period. Justice Gaurang Kanth allowed…...
Reconstituted Partnership Cannot Use Dissolved Firm's Assets Without Settling Outgoing Partner: Supreme Court
5+ day, 3+ hour ago (848+ words) 9 Sept 2026 7:02 PM IST The Supreme Court on Wednesday held that a reconstituted partnership has no right to use the assets of a dissolved firm unless the partners of the dissolved firm first agree to settle the accounts and pay the…...
Mere Release Of Escrow Account Does Not Bar Fraud Probe Under SEBI's PFUTP Regulations: Supreme Court
5+ day, 4+ hour ago (501+ words) 9 Sept 2026 6:06 PM IST The Supreme Court on Wednesday held that mere release of an escrow amount under the Buyback Regulations does not create an automatic statutory bar against proceedings under the Securities and Exchange Board of India (Prohibition of Fraudulent…...
Bihar RERA Holds Section 39 Of RERA Act Cannot Be Used To Review Liability On Merits
6+ day, 6+ hour ago (642+ words) The Bihar Real Estate Regulatory Authority (Bihar RERA) on 31 August held that rectification under Section 39 of the Real Estate (Regulation and Development) Act, 2016 (RERA Act) cannot be used to materially alter a substantive finding of liability, as doing so would…...
30-Day Limit For Correcting Award Is Inflexible, Applies To NH Act Arbitration: Karnataka High Court
6+ day, 6+ hour ago (471+ words) The Karnataka High Court has held that the 30-day limit for seeking correction or interpretation of an arbitral award cannot be extended, and a belated application cannot revive the time limit for challenging the award, including in arbitrations under the…...
Authority Letter Allowing Partner To “Deal” With Firm Property Not Blanket Sale Power: Bombay High Court
6+ day, 9+ hour ago (602+ words) The Bombay High Court has held that an authority letter allowing a partner to “deal” with partnership property cannot by itself be treated as a blanket power to sell or transfer the firm's immovable properties. The court observed that the…...
Is Fraud Necessary To Initiate Stamp Duty Undervaluation Proceedings? Supreme Court Refers Issue To Larger Bench
1+ week, 2+ hour ago (1048+ words) The Supreme Court on Monday referred to a larger Bench the question of whether stamp duty authorities must have material showing fraudulent intention before questioning the value of a property under Section 47-A of the Indian Stamp Act. A Bench…...
Company Can Be Prosecuted For Mens Rea Offences Without Identifying Natural Person: Supreme Court
1+ week, 2+ hour ago (579+ words) 7 Sept 2026 8:14 PM IST The Supreme Court on Monday held that identification of a natural person is not a prerequisite, at the threshold stage, for prosecuting a corporate entity for an offence involving mens rea. A Division Bench comprising Justices J.B. Pardiwala…...
Future Commercial Use Cannot Determine Stamp Duty Value: Karnataka High Court
1+ week, 4+ day ago (430+ words) 3 Sept 2026 2:38 PM IST Recently, the Karnataka High Court quashed orders demanding differential stamp duty on a 37-acre land parcel in Hassan district, holding that authorities cannot determine the value of land merely on the basis of an alleged intention to…...
Mere Natural Justice Violation Claim Cannot Bypass Customs Appeal Remedy: Delhi High Court
1+ week, 4+ day ago (241+ words) 3 Sept 2026 11:20 AM IST The Division Bench of Justices Anil Khetarpal and Shail Jain made the observation while declining to entertain a writ petition challenging the absolute confiscation of a 117-gram gold bar by Customs authorities. Petitioner contended that no valid…...