In a recent case, the Hon’ble Supreme Court has passed an order (‘Order’)[1], allowing the substitution of provisionally attached assets with unencumbered, marketable commercial units offered by the Petitioner subject to the satisfaction of certain conditions.

The Gujarat High Court has held that Rule 96(10) of the Central Goods and Services Tax Act, 2017 would stand omitted prospectively but would not be applicable to pending proceedings/cases where final adjudication has not taken place. Number of assessees were represented by Lakshmikumaran & Sridharan Attorneys here.

In this case[1], the Petitioner was implicated in offence of commission of offence of illicit manufacturing, marketing and transportation of a cough syrup under Narcotic Drugs and Psychotropic Substances Act, 1985 (‘NDPS Act’) through two complaints filed by the Narcotics Control Bureau (‘NCB’) before the Special NDPS Court, Jammu (‘Trial Court’). The Trial Court vide order dated 13 December 2024 discharged the Petitioner in both the complaints finding no prima facie evidence to link him to the alleged offences.