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...
Allegations of professional misconduct against counsel for filing an appeal on oral/client instructions were rejected because the record showed no misconduct and the filing was under bona fide instructions; consequently, no direction for payment of 18% interest or litigation costs was warranted on that basis. The appellate order dismissing the underlying appeal for non-rectification of defects under Rule 26(3)-(4) was affirmed, and the proceeding was closed. In view of frivolous and false imputations that undermine the legal profession, liberty was reserved to the affected counsel to initiate criminal proceedings for malicious prosecution against the appellant. - NCLAT
Allegations of professional misconduct against counsel for filing an appeal on oral/client instructions were rejected because the record showed no misconduct and the filing was under bona fide instructions; consequently, no direction for payment of 18% interest or litigation costs was warranted on that basis. The appellate order dismissing the underlying appeal for non-rectification of defects under Rule 26(3)-(4) was affirmed, and the proceeding was closed. In view of frivolous and false imputations that undermine the legal profession, liberty was reserved to the affected counsel to initiate criminal proceedings for malicious prosecution against the appellant. - NCLAT
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