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Archive: July, 2026

Posts in July, 2026

Section 164 Disqualification Does Not Vacate Office in Defaulting Company: Karnataka HC

July 17, 2026 1167 Views 0 comment Print

Karnataka HC partly allowed review, clarified Sections 164 and 167, modified earlier judgment, and directed DIN reactivation after disqualification.

Amalgamation of J.B. Chemicals with Torrent Pharmaceuticals Approved: NCLT Ahmedabad

July 17, 2026 306 Views 0 comment Print

NCLT Ahmedabad sanctioned the amalgamation scheme under Sections 230–232, subject to statutory compliances and regulatory rights remaining unaffected.

No Reassessment Addition Without Addition on Recorded Reason: ITAT Surat

July 17, 2026 285 Views 0 comment Print

ITAT Surat dismissed Revenue’s appeal, upholding deletion of Section 10AA addition and holding no other issue could be added in reassessment.

Hub Expenses and Broken Period Interest Allowed: ITAT Mumbai

July 17, 2026 147 Views 0 comment Print

ITAT Mumbai deleted addition on interest from overseas branches, allowed hub expenses and upheld deductions including broken period interest and dismissed Revenue’s appeal.

Section 9 Insolvency Admission Set Aside for Claim Below ₹1 Crore Threshold: NCLAT Delhi

July 17, 2026 211 Views 0 comment Print

NCLAT set aside the Section 9 insolvency admission after both sides admitted the debt was below ₹1 crore and ordered refund of ₹91.98 lakh deposit.

Writ Against ₹53.94 Crore GST Demand Dismissed Due to Alternate Remedy: Uttarakhand HC

July 17, 2026 159 Views 0 comment Print

Uttarakhand HC dismissed a writ challenging a ₹53.94 crore GST demand, granting liberty to pursue the statutory appeal under Section 107.

Taxpayer Cannot Be Left Remediless Against Section 73 GST Order: Rajasthan HC

July 17, 2026 252 Views 0 comment Print

Rajasthan HC condoned delay in filing a GST appeal and directed the Appellate Authority to hear the fresh appeal on merits without examining limitation.

Advanced Stage of Liquidation Bars Transfer to NCLT Under Section 434: Karnataka HC

July 17, 2026 150 Views 0 comment Print

Karnataka HC dismissed the request to transfer a winding-up petition to the NCLT and directed the company petition and all consequential proceedings to continue before it.

NCLT Grants Section 244 Waiver in Oppression & Mismanagement Petition: NCLT Mumbai

July 17, 2026 172 Views 0 comment Print

NCLT Mumbai granted waiver under Section 244(1)(b), dismissed maintainability objection, and directed the oppression petition for further hearing.

FIR Quashing Denied Despite Withdrawal of Fraud Classification: Madras HC

July 17, 2026 486 Views 0 comment Print

Madras HC refused to quash FIR, holding fraud classification withdrawal did not erase criminal allegations requiring investigation.

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