In a significant ruling on stamp duty concessions, the Madras High Court has held that grandparents do not fall within the definition of “family” under the Indian Stamp Act for the purpose of lower stamp duty on settlement deeds.

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In a significant ruling revisiting the aftermath of the 2G spectrum case, the Supreme Court of India has clarified when telecom operator Sistema Shyam Teleservices Limited became liable to pay the reserve price for spectrum.

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At the Srinagar wing of the Jammu & Kashmir and Ladakh High Court, a bench comprising Justice Sanjeev Kumar and Justice Sanjay Parihar on Thursday dismissed an appeal filed by National Insurance Company Limited. The insurer was seeking to overturn a compensation award granted to a family whose home was damaged during the devastating 2014 floods.

The case originates from a policy taken by late Shad Mohd Bashir, whose residential house at Sarai Payeen, Amira Kadal, Srinagar, had been insured since 2009. Though the policy was renewed annually, the company later claimed that it excluded flood and similar storm-related risks - referred to in technical jargon as “STFI” (Storm, Tempest, Flood, Inundation).