The Group of Ministers (GoM) constituted by the GST Council on May 24 to look into the twin issues of classification and valuation of the online gaming, race course and casinos, is expected to submit its report to the GST Council by the next month. The final decision will be taken by the council in its next meeting thereafter.
Read MoreThe Hon'ble Supreme Court in a recent judgment in Ashutosh Ashok Parasrampuriya and Anr. v. M/s Gharkul Industries Pvt. Ltd. & Ors.1 held that the directors of a company can only be made liable for offences committed by the company under Section 141 of the Negotiable Instruments Act, 1881 (NI Act) when there are specific averments made that such directors were at the time of offence, responsible for conduct of company's business. In this article, we navigate through the facts and findings of the aforementioned judgment.
Read MoreIn a recent decision in Godrej Properties Ltd. v. Goldbricks Infrastructure Pvt. Ltd.1, the High Court of Bombay (High Court) held that an ex-parte ad-interim order could not be passed by an arbitral tribunal without providing sufficient notice, and subsequently hearing the parties concerned. The High Court observed that the arbitral tribunal may be of the view that some urgent orders need to be passed to protect the interests of the parties, however, procedural fairness would not permit the tribunal to pass an ex-parte ad-interim order without having heard the disputants. In this article, we navigate through the facts and findings of the abovementioned judgment of the High Court.
Read MoreIn a recent case, the Supreme Court held that a director of a company could not be “vicariously” held liable for criminal offences of a company In a recent case, Ravindranatha Bajpe Vs Mangalore Special Economic Zone Ltd, the Supreme Court of India held that a director of a company could not be “vicariously” held liable for criminal offences of a company.
Read MoreIn recent times, several noteworthy judgments have been rendered by the Indian courts and tribunals in matters involving the insolvency law framework.
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