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TBB Editor

sarfaesi act warrant execution guidance

SARFAESI’s Objective is to Facilitate Recovery Without Forcing Secured Creditor To Initiate Fresh Proceedings : Supreme Court

IIHFL vs Nageswara Rao Perikala [Decided on March 16, 2026]
March 18, 2026 TBB Editor
assessment void non-existent entity

Assessment Framed Against Non-Existent Entity Is Void Ab Initio, Can’t Be Cured Under Sec 292B I-T Act; Delhi High Court Grants Substantive Relief To Boeing India

Principal CIT vs Boeing India [Decided on March 16, 2026]
March 18, 2026 TBB Editor
supreme court bank liability ruling

Bank Can’t Unilaterally Act Contrary To Customer’s Express Mandate; Supreme Court Upholds Canara Bank’s Liability

Canara Bank Overseas Branch vs Archean Industries [Decided on March 17, 2026]
March 18, 2026 TBB Editor
Railways Deficiency Reserved Seats

Failure to Prevent Unauthorised Occupation of Reserved Seats Constitutes Deficiency in Service: Palakkad Consumer Commission Holds Railways Liable

Parthasarathi K. & Ors. v. Ministry of Railways & Ors. (Decided on February 3, 2026)
March 17, 2026 TBB Editor
SEBI Fund Diversion Penalty

Violation Of SEBI Regulations Cannot Be Validated By Shareholders’ Private Resolution; Supreme Court Affirms Penalty Of Rs. 1 Cr On Terrascope Ventures

SEBI vs Terrascope Ventures Limited [Decided on March 17, 2026]
March 17, 2026 TBB Editor
Insurance Benefits Not Deductible Compensation

Supreme Court: Receipts By Dependants Of Deceased Under Employer-Provided Group Insurance Scheme Will Not Alter Compensation Under Motor Vehicles Act

The Managing Director, KSRTC vs P. Chandramouli [Decided on March 16, 2026]
March 17, 2026 TBB Editor