Month: July 2023

Bombay High Court: Secured Creditor has Priority Over the Central/State Government or local authority under SARFAESI Act, 2002 The Bombay High Court has observed that secured creditor has priority over the dues of the Central government, state government, or local authority under Section 26-E of the Securitisation and Reconstruction of Financial Assets and Enforcement of

SEBI Issues Proposal for Comprehensive Cyber-Security and Cyber-Resilience Framework The Securities and Exchange Board of India (SEBI) has issued a consultation paper on ‘Consolidated Cybersecurity and Cyber Resilience Framework (CSCRF) for SEBI Regulated Entities (REs).’ The market regulator has released a consultation paper to improve the cybersecurity and cyber resilience of market intermediaries, market infrastructure

Here are Legal Bites June 2023 monthly GK updates. The notable happenings of the months were related to RBI’s Financial Stability Report, the Fintech Centre of Google, the New Prison Act of UP, the validity of stamp paper and so on. We have covered all the happenings in the gist so that it helps the

About the Competition It gives us immense pleasure to announce that Kristu Jayanti College of Law (KJCL), Bengaluru is gearing up to organize its flagship Kristu Jayanti National Moot Court Competition 2023 (KJNMCC-2023) from 17th to 19th August 2023. The institution aims to nurture and train young minds in honing the skills of legal research

Justice AP Sahi appointed as the Chairperson of NCDRC Justice AP Sahi, the former Chief Justice of the Madras and Patna High Courts has been appointed as the new Chairperson of the National Consumer Disputes Redressal Commission (NCDRC). Justice Sahi will be serving a four-year term as the Chief of the NCDRC. Justice Sahi became

Image by Freepik Starting the day with some good news, the office of Controller General of Patent Designs and Trademarks (CGPDTM) has issued a notification for recruiting 553 Patent and Designs Examiners! Those familiar with the Indian IP administration will know that an inadequate workforce is a systematic challenge that has plagued the functioning of

Government notifies SEBI regulation amendment for ESG rating providers The market regulator had initiated a consultation paper in February The Government of India has notified the Securities and Exchange Board of India (Credit Rating Agencies) (Amendment) Regulations, 2023, making rules and regulations for ESG Ratings Providers (ERPs). The amendment added a subchapter to the Securities

Supreme Court in ICICI Bank Loan Fraud Case Issues Notice in CBI’s Plea Challenging Bail Granted to Videocon Group Chairman Venugopal Dhoot The Supreme Court by its division judges bench comprising of Justices AS Bopanna and MM Sundresh issued notice in Central Bureau of Investigation’s plea seeking challenging the order passed by the Bombay High

Bombay High Court: Section 54 of CGST Act Provides Refund for Tax Paid on Zero Rated Supplies of Goods/Services/Both or on Inputs Services The Bombay High Court by its division judges bench comprising of Justices G.S. Kulkarni and Jitendra Jain while noting that Section 54 of Central Goods and Service Tax Act, 2017 (CGST Act)

Gujarat High Court dismisses appeals of Principal Commissioner of Income Tax States the pleading under Section 260A of the Income Tax Act can only be admitted if it adheres to the procedures The Gujarat High Court has dismissed all appeals filed by the Principal Commissioner of Income Tax (Central) stating that they did not involve