PMLA Review Petitions Limited to Two Issues, Says Union Government to Supreme Court

The Union Government informed the Supreme Court that the scope of review petitions challenging the Vijay Madanlal Choudhary judgment—which upheld key provisions of the Prevention of Money Laundering Act (PMLA), 2002—must be confined to two specific issues flagged during the admission stage. …

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Supreme Court: Bail Under CGST Act Section 132 Can Be Denied Only in Exceptional Circumstances

In a significant judgment, the Supreme Court of India has reaffirmed that granting bail is the norm, even in cases involving alleged offences under Section 132 of the Central Goods and Services Tax (CGST) Act, 2017, unless there are extraordinary circumstances justifying denial. The …

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Supreme Court’s Verdict in BPSL Insolvency Case: A Landmark in redefining the scope and application of the Insolvency and Bankruptcy Code (IBC), 2016

On May 2, 2025, the Supreme Court of India delivered a landmark judgment in the Bhushan Power and Steel Limited (BPSL) insolvency case, significantly redefining the scope and application of the Insolvency and Bankruptcy Code (IBC), 2016. By overturning the 2020 ruling of …

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Supreme Court Upholds Power of Courts to Award Interest in Absence of Contractual Agreement: K. Merchants Pvt. Ltd. vs. State of Rajasthan

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In a landmark judgment, the Supreme Court of India clarified the application of Section 34 of the Code of Civil Procedure (CPC), reaffirming that courts have the authority to determine interest rates in the absence of a specific contractual agreement …

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Supreme Court: No Penalty Exception Under Section 271AAA(2) for Undisclosed Income Declared Only During Assessment

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This Supreme Court judgment reaffirms the strict interpretation of Section 271AAA(2), making it clear that merely paying taxes voluntarily does not exempt an assessee from penalties if undisclosed income is admitted only at the assessment stage. The Supreme Court of …

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