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Archive: 24 June 2024

Posts in 24 June 2024

NCLT’s rejects CIRP application due to lack of debt proof and default evidence

June 24, 2024 642 Views 0 comment Print

Read about NCLT’s rejection of Mittal Polymers’ CIRP application against Suvarna Additives Pvt Ltd due to lack of debt proof and default evidence.

 NCLT admits Resolution Plan for Harvest Hotels

June 24, 2024 813 Views 0 comment Print

Read the detailed NCLT Delhi judgment on the case between Asset Reconstruction Company and Harvest Hotels & Services Apartments Pvt Ltd. Full text and analysis inside.

Settlement Agreement Breach Not Grounds for CIRP under I&B Code

June 24, 2024 870 Views 0 comment Print

NCLT Kolkata ruled that breaches in settlement agreements do not qualify as operational debt under Section 5(21) of IBC. Full analysis of Amrik Cranes vs Simplex case.

Indemnity obligations under a guarantee do not constitute operational debt: NCLT

June 24, 2024 774 Views 0 comment Print

NCLT Chandigarh rules indemnity obligation under guarantee is not an operational debt in the case of Agarwal Foundries vs. POSCO E&C. Read the full judgment analysis.

NCLT Halts Byju’s Second Rights Issue Amid Mismanagement Allegations

June 24, 2024 999 Views 0 comment Print

Explore the legal case MIH Edtech Investments B.V. & Ors. vs. Think & Learn Pvt. Ltd. & Ors. in NCLT Bengaluru under Companies Act, 2013. Detailed analysis of Section 242(4) applications, allegations of oppression, mismanagement, and interim orders.

NCLT approves resolution plan of Teknik Plant and Machinery MFG. Co. Pvt. Ltd.

June 24, 2024 591 Views 0 comment Print

Dive into the NCLT Mumbai judgment of H R Bearing Corp. Vs Teknik Plant and Machinery. Detailed analysis, implications, and conclusions explored.

NCLT Delhi approves resolution plan for Era Infra Engineering Limited

June 24, 2024 1833 Views 0 comment Print

Explore the detailed analysis of Union Bank vs. Era Infra Engineering Ltd case, covering the NCLT Delhi judgment, resolution plan approval, objections, and final decision.

HC Allows Contesting GST Liability Post Non-Response to SCN

June 24, 2024 465 Views 0 comment Print

Explore the Madras High Court judgment in Yesem Marketing case on GST liability due to non-response to SCN. Analysis includes remand for reconsideration with a 10% pre-deposit.

ITAT quashes re-assessment proceedings: Partners property incorrectly assumed as Firms property

June 24, 2024 561 Views 0 comment Print

ITAT Delhi quashes reassessment proceedings against Chaudhary Stone Crusher, ruling on sale of partners property before IT notice under section 148.

Notice sent on email ID not provided by Petitioner: HC directs issue of fresh notice & Order 

June 24, 2024 549 Views 0 comment Print

Read the Kerala High Court’s judgment on Muttathara Service Co-Operative Bank Ltd vs Central Board of Direct Taxes regarding violation of natural justice due to non-receipt of Income Tax Act Section 250 notices.

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