NCLAT Delhi held that advance is an operational debt. Thus, appellant’s claim rightly held to be operational debt by the Resolution Professional hence appeal dismissed.
ITAT Pune directs reconsideration of trust registration under Section 12AA, emphasizing compliance with welfare legislation principles and natural justice.
Madras High Court rules in favor of condoning delay in GST appeal filing upon receiving a recovery notice, emphasizing the importance of taxpayer rights.
NCLT Hyderabad approves B&B Global Enterprises’ resolution plan for NSL Mining Resources, emphasizing compliance with IBC regulations and stakeholders’ benefits.
Explore the foundation and functioning of the Competition Commission of India (CCI) under the Competition Act, 2002. Understand its composition, roles, and significance in ensuring fair competition.
Understanding the writ jurisdiction of High Courts and the doctrine of alternate remedy. Key case laws and analysis discussed regarding the availability of writ petitions.
ITAT Ahmedabad rules in favor of J.K. Patel & Brothers, allowing sales expenditure deduction for unusable jute bags, highlighting tax implications and legal compliance.
Explore GST implications on disposal & treatment of bio medical waste from clinical establishments. Learn about rates & analysis from AAR Rajasthan ruling.
NCLT Delhi held that ‘financial debt’ is not barred by limitation. Accordingly, application filed by the CFM Asset Reconstruction Private Limited, the Financial Creditor, u/s. 7 of the Code for initiating CIRP against M.G. Finvest Private Limited, the Corporate Debtor, stands admitted.
Explore the proposed penalties in Finance Bill 2024 for non-registration of machines under GST. Analysis of Section 122A and the impact on manufacturers.
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