The Committee recommends shifting from entity-level to project-wise insolvency to avoid delays and protect viable projects. It held that completion, not liquidation, should be the primary objective in real estate insolvency.
The study finds that while RPs play a central role in insolvency resolution, gaps exist in managerial expertise and process execution. It recommends structural and skill-based improvements for better outcomes.
ICSI has opened empanelment for General Observers with detailed eligibility conditions to maintain fairness. It emphasizes independence and conflict-free participation in examination supervision.
CESTAT Kolkata held that amount deposited during the course of investigation is not voluntary payment but it was deposit made under mistaken notion and hence doesn’t amount to duty. Accordingly, interest is eligible on amount refunded.
ITAT Delhi held that granting of mandatory approval under section 153D of the Income Tax Act by Additional Commissioner of Income Tax in a mechanical manner and without due application of mind is an empty ritual. Thus, order held void-abinitio for want of valid approval u/s. 153D.
The authority extended food safety officers’ jurisdiction to major airports across India. This ensures stricter monitoring and compliance in high-traffic transit hubs.
FSSAI amended its 2021 notification by omitting several serial entries of Food Safety Officers. The update refines enforcement structure and jurisdiction allocation.
CBIC amends Notification 15/2023-Customs (ADD) to update producer name to DNE LASER (Guangdong) Co., Ltd. based on DGTR recommendation.
IFSCA has revamped reporting norms with updated formats and new intermediary categories. The circular mandates quarterly reporting and strengthens supervisory oversight.
The authority identified inconsistent SAC usage across IFSC units, impacting data reliability. It proposes standardised classification to improve reporting accuracy and comparability.
