In Bank of Baroda Vs Ajit Kumar, NCLT Mumbai rules that lack of NOC doesn’t nullify security documents during insolvency proceedings.
Indus Power Tech Inc. Vs Echjay Industries Pvt. Ltd. (Bombay High Court) In a significant ruling, the Bombay High Court has determined that a company cannot be restrained from conducting its business following the termination of a contract, emphasizing that non-compete clauses do not provide grounds for injunctive relief after such termination. The case involved […]
Parle Products Ltd Vs Union of India (Bombay High Court) The Bombay High Court recently ruled in favor of Parle Products Ltd., ordering a refund of excise duty paid voluntarily by the company on its exported products, which were otherwise covered by an exemption notification. The case, which centered on the classification and taxability of […]
Appeal filed by Meir Commodities challenging NCLT Hyderabad order allowing Narayanam Nageswara Rao to participate as a Resolution Applicant in CIRP.
Chapter X of the Income Tax Act applies solely to transactions with Associated Enterprises (AEs), excluding non-AE transactions from transfer pricing provisions.
