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Archive: 15 May 2024

Posts in 15 May 2024

Liquidator Cannot Adjudicate Claims, Counter Claims: NCLAT

May 15, 2024 1005 Views 0 comment Print

NCLAT Chennai rules against FLSmidth Pvt Ltd, stating liquidator lacks authority to decide matters involving claims and counterclaims in insolvency cases.

Suspension of Bar License without Assigning Reason is Illegal: Andhra Pradesh HC

May 15, 2024 723 Views 0 comment Print

Andhra Pradesh High Court declares suspension of Teja Bar and Restaurant’s license illegal due to lack of reasons and violation of principles of natural justice.

GST Appellate Authority can Condone Delay beyond Prescribed Limitation Period

May 15, 2024 2322 Views 0 comment Print

Calcutta High Court sets aside rejection of appeal due to delay, upholds petitioner’s right to seek condonation under Section 5 of Limitation Act, 1963. Detailed analysis here.

US-China Trade War: Tariff Timeline & Economic Implications

May 15, 2024 1866 Views 0 comment Print

Explore timeline of tariffs in US-China trade war, their economic impact, and Biden’s latest tariffs on Chinese imports amid escalating tensions.

Stamp duty asessable on property’s true market value at the time of execution of instrument

May 15, 2024 1524 Views 0 comment Print

HC upheld stamp duty adjudication based on true market value at execution. Sale permission for non-agricultural use led to different value, supporting Collector’s decision.

Extension of time for payment is not modification of resolution plan: NCLAT

May 15, 2024 1182 Views 0 comment Print

NCLAT held that CoC’s decision not to liquidate did not constitute a modification of resolution plan and extension of time for payment was reasonable.

IBC: Liability arising from a recovery certificate constitutes a financial debt

May 15, 2024 762 Views 0 comment Print

NCLAT Chennai held that liability arising from a recovery certificate constitutes a financial debt under IBC. Therefore, application filed by PARAS is not barred by limitation.

FIR registered by Lokayuktha Police unsustainable due to procedural irregularities

May 15, 2024 798 Views 0 comment Print

Detailed analysis of Karnataka High Court’s decision to quash FIR under Prevention of Corruption Act without verifying ITR. Learn about the case of Sri. Channakeshava H.D. vs State of Karnataka.

Alleged Illegal betting activities, failure to deposit collected GST & TDS: Karnataka HC Upholds FIR

May 15, 2024 615 Views 0 comment Print

Karnataka High Court affirms FIR under Karnataka Police Act for tax evasion by Surya And Co and Tejashwini Enterprises at Bangalore Turf Club. Full judgment analysis.

SEBI Master Circular 2024: Infrastructure Investment Trusts (InvITs)

May 15, 2024 1944 Views 0 comment Print

Explore SEBI’s comprehensive master circular for Infrastructure Investment Trusts (InvITs), detailing regulations and guidelines for stakeholders in the securities market.

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