![Annual Tax & Corporate Law Digest 2025: Complete High Court Cases [Part XIX]](https://images.taxscan.in/h-upload/2025/12/23/500x300_2114268-annual-tax-corporate-law-digest-2025-complete-high-court-cases-part-xix-taxscan.webp "Annual Tax & Corporate Law Digest 2025: Complete High Court Cases [Part XIX]")
Annual Tax & Corporate Law Digest 2025: Complete High Court Cases [Part XIX]
The Chhattisgarh High Court (HC) disposed of an income tax appeal filed by the Department against M/s Sanjay Agrawal, after the appellant cited a...
![HP HC Upholds Acquittal in Cheque Bounce Case, noting Complainant’s Lack of Financial Capacity and Non-Impleadment of Society [Read Order]](https://images.taxscan.in/h-upload/2025/06/29/250x150_2056187-hp-hc-cheque-bounce-case-financial-capacity-non-impleadment-of-society-taxscan.webp "HP HC Upholds Acquittal in Cheque Bounce Case, noting Complainant’s Lack of Financial Capacity and Non-Impleadment of Society [Read Order]")
![Gujarat HC upholds Acquittal order under NI Act as Applicant failed to Submit ITR proving Financial capacity [Read Order]](https://images.taxscan.in/h-upload/2025/06/23/250x150_2052959-gujarat-high-court-acquittal-order-under-ni-act-itr-taxscan.webp "Gujarat HC upholds Acquittal order under NI Act as Applicant failed to Submit ITR proving Financial capacity [Read Order]")
![Complainant Fails to Disclose Loan in ITR or Prove Financial Capacity: Gujarat HC Denies Appeal in Rs. 15 Lakh Cheque Bounce Case [Read Order]](https://images.taxscan.in/h-upload/2025/06/21/250x150_2052162-complainant-fails-to-disclose-loan-disclose-loan-loan-disclose-loan-in-itr-taxscan.webp "Complainant Fails to Disclose Loan in ITR or Prove Financial Capacity: Gujarat HC Denies Appeal in Rs. 15 Lakh Cheque Bounce Case [Read Order]")
Supreme Court Upholds Demand Notice u/s 8 IBC on Corporate Debtor's Key Managerial Personnel [Read Judgement]
The Supreme Court upheld the delivery of a demand notice under Section 8 of the Insolvency and Bankruptcy Code, 2016 (“IBC”) to the corporate debtor's Key Managerial Personnel (KMP), stating that the...
![Supreme Court Upholds Demand Notice u/s 8 IBC on Corporate Debtors Key Managerial Personnel [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2025/05/Supreme-Court-Supreme-Court-Upholds-Demand-Notice-Section-8-IBC-TAXSCAN.jpg "Supreme Court Upholds Demand Notice u/s 8 IBC on Corporate Debtors Key Managerial Personnel [Read Judgement]")
Creditor Not Required to Prove Financial Capacity to Extend Loan: Supreme Court Slaps ₹32 Lakh Fine on Defaulter in S.138 NI Act Case [Read Order]
In a notable ruling, the Supreme Court of India has held that a creditor is not required to prove their financial capacity at the outset to establish a legally enforceable debt under Section 138 of...
![Creditor Not Required to Prove Financial Capacity to Extend Loan: Supreme Court Slaps ₹32 Lakh Fine on Defaulter in S.138 NI Act Case [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Creditor-Not-Required-Prove-Financial-Capacity-Financial-Capacity-Financial-Capacity-to-Extend-Loan-Extend-Loan-Supreme-Court-taxscan.jpg "Creditor Not Required to Prove Financial Capacity to Extend Loan: Supreme Court Slaps ₹32 Lakh Fine on Defaulter in S.138 NI Act Case [Read Order]")
Madras HC issues Directions to Streamline Cheque Bounce cases under Negotiable Instruments Act [Read Order]
In order to expedite and guarantee the timely resolution of check bounce cases under the Negotiable Instruments Act, 1881 (NI Act), the Madurai Bench of the Madras High Court issued a number of...
Cheques proven for Debt Repayment: Accused Convicted u/s 138 of NI Act for Cheque Dishonor Citing Failure to Rebut Presumption of Debt [Read Order]
The Delhi Judicial First Class Magistrate Court ( JFMC ) convicted the accused under Section 138 of the Negotiable Instruments ( NI ) Act, 1881, for cheque dishonor, citing their failure to rebut the...
No Bar to Liability of Signatory of Cheque under NI Act due to Initiation of Proceedings under IBC: Madhya Pradesh HC [Read Order]
The Madhya Pradesh High Court has held that there is no bar to the liability of the signatory of the cheque under the Negotiable Instruments Act, 1881 due to the initiation of proceedings under the...
![Cheque Dishonour Case can be filed against Trust being Juristic Person: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Cheque-Dishonour-Case-can-be-filed-against-Trust-Juristic-Person-Cheque-Dishonour-Case-Kerala-HC-taxscan.jpg "Cheque Dishonour Case can be filed against Trust being Juristic Person: Kerala HC [Read Order]")