Update as on May 15, 2015

RECENT JUDGMENTS:

Supreme Court of India:

·        Madras Bar Association vs. Union of India & Anr.  [14.05.2015]

·        Common Cause & Ors. vs. Union of India and Ors.  [14.05.2015]

·        Devidas Ramachandra Tuljapurkar vs. State of Maharashtra & Ors.  [14.05.2015]

·        Bharti Airtel Ltd. vs. Union of India  [14.05.2015]

·        Mahila Ramkali Devi and others vs. Nandram (D) Thr. LRs. and others  [14.05.2015]

·        M/s. Dharampal Satyapal Ltd. vs. Deputy Commissioner of Central Excise, Gauhati & Ors.  [14.05.2015]

·        Joshi Technologies International Inc. vs. Union of India & Ors.  [14.05.2015]

·        M/s. Tata Chemicals Ltd. vs. Commissioner of Customs (Preventive) Jamnagar  [14.05.2015]

RECENT NOTIFICATIONS:

·        Card Payments – Relaxation in requirement of Additional Factor of Authentication for small value card present transactions

·        Infrastructure Debt Funds (IDFs)

·        Export of Goods and Services-Declaration of Exports of Goods/Software

·        Exim Bank's Line of Credit of USD 1 billion to the Government of Nepal

·        Deferred Payment Protocols dated April 30, 1981 and December 23, 1985 between Government of India and erstwhile USSR

·        Foreign Currency (Non-Resident) Account (Banks) (FCNR (B)) Scheme

·        Ready Forward Contracts in Corporate Debt Securities

·        Provisioning pertaining to Fraud Accounts

·        Guidelines on Sale of financial assets to Securitization Company (SC)/ Reconstruction Company (RC) - Reversal of excess provision on sale of NPAs to SC/RC

·        Calendar of Reviews

RECENT FOREIGN COURT DECISION:

England & Wales High Court (Technology & Construction Court) Decision:

·        Community 1st Oldham (Chadderton) Ltd v Oldham Metropolitan Borough Council [2015] EWHC 1263 (TCC) (14 May 2015)