Corporate Law
Tribunal Sets Aside Service Tax Demand on Residential Complex Construction by M/s Gourang Charan Das
The Tribunal's decision also underscored the appellant's eligibility for consequential relief as per law, marking a comp...
A shareholder is not an "aggrieved person" under the IBC to maintain such an application.
The judgment underscores the importance of maintaining the integrity and efficiency of the insolvency resolution process...
NCLAT Upholds Resolution Plan, Supersedes BIFR Scheme in Trinity Auto Components Case
The NCLAT's decision marks a pivotal affirmation of the IBC's supremacy in insolvency proceedings, reinforcing the legis...
NCLT Dismisses Kotak Mahindra's Insolvency Plea Against Mag.T Exim Ltd.
The adjudicating authority, comprising Member (Judicial) Shri Manni Sankariah Shanmuga Sundaram and Member (Technical) S...
Cuttack NCLT Admits Canara Bank's Insolvency Plea Against S.S. Aluminium Pvt. Ltd.
This decision underscores the tribunal's commitment to uphold the provisions of the Insolvency and Bankruptcy Code, ensu...
NCLT Allahabad Dismisses Delay Condonation Plea in Liquidation Case
In conclusion, the NCLT's dismissal of the condonation plea underscores the importance of timely action by claimants in ...
NCLT Kolkata Allows Exclusion of 61 Days from Liquidation Timeline for Sasa Musa Sugar Works
The tribunal acknowledged that the Liquidator was not at liberty to proceed with fresh auction notices until judicial an...
NCLT Ruling: TDS Deductions by M/s Bhuvana Infra Projects Excluded from Liquidation Estate
This ruling reinforces the legal stance that statutory dues, specifically TDS amounts, hold a unique position in insolve...
NCLAT Upholds Rejection of Insolvency Plea by Ahluwalia Contracts Against Shristi Infrastructure
The NCLAT's decision reaffirms the principle that any pre-existing dispute, when substantiated, is a valid ground for re...
NCLAT Dismisses Recall Application; Reaffirms No Review Power, Upholds Procedural Fairness
Citing relevant judicial precedents, the NCLAT underscored that the power of recall cannot substitute for an appeal, a r...
NCLT Rules Moratorium Doesn't Block Return of Mistaken Fund Transfers
This judgment reaffirms the principle that moratorium provisions are designed to protect the assets of the debtor that a...
NCLT Mumbai Bench Initiates Corporate Insolvency Resolution Process for Dee Plone Polyster Pvt. Ltd.
The financial creditor, Pegasus Assets Reconstruction Pvt. Ltd., claimed a default amount of Rs. 37,35,74,442.07, based ...