Author: Legal 60

Duty Exemption Granted to LG Electronics India for Smartwatch Imports Introduction The Supreme Court of India has granted relief to LG Electronics India, exempting the company from paying customs duty on imported ‘G Watch W7‘ smartwatches from South Korea. The court’s decision was based on the India-Korea Comprehensive Economic Partnership Agreement (CEPA) and Notification No.

ITAT Delhi Rules In Favour Of S. C. Johnson Pvt. Ltd. On MAT Adjustment For Goodwill Amortisation “Delhi Tribunal clarifies MAT treatment for goodwill in amalgamation cases” In a significant ruling, the Income Tax Appellate Tribunal, Delhi Bench, has clarified the tax treatment of goodwill amortisation under the Minimum Alternate Tax regime. The Tribunal held

Moratorium Bars Assessment of EPFO Dues Even for Pre-CIRP Period: NCLAT Introduction The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has held that EPFO dues of the pre-CIRP period cannot be claimed based on assessments made during the imposition of the moratorium. Factual Background The corporate debtor was admitted into the Corporate

NCLAT Sets Aside NCLT Order for Failing to Provide Reasons for Rejecting Main Prayer Introduction The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has held that the adjudicating authority cannot reject the main prayer without cogent reasons and allow the alternative prayers. Factual Background The appellant had filed an application before the

The Supreme Court of India has once again reaffirmed that the dignity of every human being—irrespective of their social or economic standing—is inviolable under the Constitution. In its landmark 2025 ruling in M.S. Patter v. State of NCT of Delhi & Ors. (2025), the Court addressed shocking conditions prevailing in beggars’ homes and directed systemic

The Code of Civil Procedure, 1908 (CPC), as amended by the 2002 reforms, sought to make civil trials more efficient and time-bound. A key component of this reform was the introduction of stricter timelines for filing written statement by defendants under Order VIII Rule 1 CPC. Delhi High Court’s decision in Kewal Krishan v. Gulshan

The institution of the Hindu Undivided Family (HUF) continues to play a central role in Indian property law. The Karta, as head of the HUF, is entrusted with managing family property for the benefit of all coparceners. However, his power to alienate HUF property has always been subject to the test of legal necessity or

The Supreme Court of India, in In Re: The Waqf (Amendment) Act, 2025, issued a crucial interim order examining the constitutionality of the recently enacted legislation. Headed by Chief Justice B.R. Gavai, the Bench dealt with a series of petitions challenging the validity of the Act, which has drawn criticism for limiting the rights of

SEBI approves Rs.1,200 crore IPO of Hero Motors The company will utilize the funds for repayment of debt and expansion plans According to the draft red herring prospectus (DRHP), Hero Motors has received approval from the Securities and Exchange Board of India (SEBI) to proceed with an initial public offering (IPO). The auto component manufacturing

SEBI reclassifies REITs as equity instruments; surge begins It will boost mutual fund participation, improve liquidity and pave the way for index inclusion After the Securities and Exchange Board of India (SEBI) approved a landmark reform, reclassifying India’s five listed Real Estate Investment Trusts (REITs) as equity instruments, there has been a surge in the