Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
Contravention of foreign exchange rules in crossborder diamond payments; appellate tribunal reduces one appellant's penalty for delay and proportional...
RPA (Remote Pilot Aircraft) for military use defined to include drones/UAV/UAS; exemptions limited to specified defence imports with Joint Secretary c...
Transfer of going concern and transfer of input tax credit under GST allowed; exemption applies though interstate ledger transfers left to authorities...
In a writ challenging actions under PMLA, the petitioner sought to amend the main prayer to add a declaration that Sections 50 and 63 are unconstitutional. The court held that the vires of these provisions already stands upheld by the SC, and the petitioner's plea that the SC ruling is per incuriam could not be entertained in this proceeding; further, since writ proceedings are not governed by CPC procedure, the court declined to permit an amendment introducing a relief it could not consider. Accordingly, the proposed additional relief was rejected, while all other amendments were allowed - HC
In a writ challenging actions under PMLA, the petitioner sought to amend the main prayer to add a declaration that Sections 50 and 63 are unconstitutional. The court held that the vires of these provisions already stands upheld by the SC, and the petitioner's plea that the SC ruling is per incuriam could not be entertained in this proceeding; further, since writ proceedings are not governed by CPC procedure, the court declined to permit an amendment introducing a relief it could not consider. Accordingly, the proposed additional relief was rejected, while all other amendments were allowed - HC
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