SGBs are government securities expressed in grams of gold, allowing the individuals to invest in gold without the strain of safekeeping physical gold. Investors have to pay the issue price in cash and the bonds will be redeemed in cash on maturity. The Bond is issued by RBI on behalf of Government of India.
Kerala High Court held that provisions of section 107 of the Central Goods and Services Tax Act impliedly excluded the application of the Limitation Act. Accordingly, the Limitation Act will apply only if it is extended to the special statute.
Delhi High Court held that interim protection granted as applicant is not named in ECIR and also the applicant is not implicated in any of the Scheduled Offences under Prevention of Money Laundering Act, 2002 (PMLA).
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NCLAT Chennai held that ‘Order of Dissolution’ sustainable as the ‘Promoters’ failed to project the ‘Resolution Plan’ within the specified time limit.
Rajasthan High Court held that assessee cannot split up the amount charged for the sale of food and certain services in addition to the food. Hence, VAT is payable on the entire consideration charged for the food.
The Madras High Court has annulled a ‘notice’ calling for the discharge of tax liability, emphasizing the requirement of hearings before dismissing rectification petitions under the Tamil Nadu Value Added Tax Act.
NCLT Mumbai approves Edelweiss ARC’s resolution plan for Siddharth World Trade, ensuring a smooth corporate restructuring under IBC with 100% CoC approval.
NCLT Mumbai approves Saraswat Co-op Bank’s resolution plan for Orange Medicare, ensuring seamless revival with unanimous CoC support under IBC.
NCLT Hyderabad approves Amrutha Constructions’ resolution plan for Galada Power, ensuring its revival with unanimous CoC support under IBC.
