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Archive: 21 April 2024

Posts in 21 April 2024

Adjudicating Authority Correctly Admitted Section 7 Application: Debt & Default Proved

April 21, 2024 300 Views 0 comment Print

In the case of Shweta Sharma Vs SREI Equipment Finance Ltd., NCLAT Delhi upholds Section 7 application, proving debt and default, despite objections regarding arbitral award validity.

Stayed Period to be excluded in Limitation Calculation for Arbitral Tribunal Proceedings

April 21, 2024 378 Views 0 comment Print

Learn about Karnataka High Court’s ruling on excluding period of stay in arbitral tribunal proceedings for calculating twelve-month limitation under Section 29A(1) of Arbitration and Conciliation Act, 1996.

Delhi HC dismisses PIL challenging Arvind Kejriwal’s authority as CM

April 21, 2024 423 Views 0 comment Print

Delhi High Court dismisses PIL challenging Arvind Kejriwal’s authority as CM, citing publicity stunt. Detailed analysis reveals court’s decision and legal intricacies.

AO’s Failure in Recording Dissatisfaction Invalidates Section 14A Disallowance

April 21, 2024 567 Views 0 comment Print

In the case of Krishnamurthy Thiagarajan vs ACIT (ITAT Mumbai), AO’s failure to record dissatisfaction u/s 14A led to ITAT allowing expenditure claim under Section 14A related to earning exempt income.

ITAT Delhi Allows Capital Gain Deduction for Additional Land Acquisition Costs

April 21, 2024 492 Views 0 comment Print

Read the full text of the ITAT Delhi order in Prime Maxi Promotion Pvt. Ltd. Vs ACIT case, allowing deduction for additional compensation paid for land acquisition costs.

Adjudicating Authority cannot review judgment on merits: NCLAT Delhi

April 21, 2024 294 Views 0 comment Print

NCLAT Delhi ruling on Adisri Commercial Pvt. Ltd. Vs RBI & Ors. : Recall applications filed by Appellant are nothing but application to review judgment on merits which power is not vested with Adjudicating Authority.

ITAT allows deduction of interest paid on Perpetual Non-Convertible Debentures (PNCD)

April 21, 2024 603 Views 0 comment Print

ITAT Mumbai grants relief to Tata Steel Limited, allowing deduction of interest paid on Perpetual Non-Convertible Debentures (PNCD) under section 36(1)(iii) of the Act. 

SC verdict on jurisdiction of Special Courts under IBC, 2016

April 21, 2024 351 Views 0 comment Print

Insolvency And Bankruptcy Board of India Vs Satyanarayan Bankatlal Malu & Ors (Supreme Court of India) The recent Supreme Court ruling in the case of Insolvency And Bankruptcy Board of India Vs Satyanarayan Bankatlal Malu & Ors clarifies the jurisdiction of Special Courts under the Insolvency and Bankruptcy Code. Analyzing the provisions of Section 236(1) […]

Navigating the IPR Landscape Through an Economics Lens

April 21, 2024 405 Views 0 comment Print

Explore intricate relationship between intellectual property rights (IPR) and economic growth in India. Learn about roles, impacts, and recent developments shaping IPR landscape.

Role of a Resolution Professional in Insolvency and Bankruptcy

April 21, 2024 603 Views 0 comment Print

Learn about appointment, roles, and limitations of a resolution professional in insolvency and bankruptcy process. Explore key insights and relevant cases.

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