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NCLT should not interfere with commercial wisdom of company’s stakeholders: NCLAT

June 21, 2024 1155 Views 0 comment Print

NCLAT Delhi rules NCLT lacks jurisdiction to modify appointed dates in commercial schemes once the Company Board approves. Read the detailed analysis and full judgment.

HC upheld Cestat’s rejection of 2727-day appeal delay due to insufficient medical evidence

June 21, 2024 687 Views 0 comment Print

Madras High Court dismisses Vision Holidays’ petition to condone a 2727-day delay in filing a CESTAT appeal due to insufficient medical evidence.

Pre-existing dispute cannot be decided in a summary procedure: NCLAT Delhi

June 21, 2024 828 Views 0 comment Print

Explore the NCLAT judgment in Sanjay Kumar vs. Gannon Dunkerley & Co, emphasizing NCLT’s limited jurisdiction under IBC in cases of pre-existing disputes.

Moratorium excludes government-notified transactions of essential goods/services & surety in a contract of guarantee

June 21, 2024 459 Views 0 comment Print

Read the full text of NCLT Delhi’s judgment in Manish Aneja & Ors. Vs Revital Reality Private Limited under Insolvency and Bankruptcy Code, 2016, Section 7. Financial creditors seek CIRP for default on Rs. 31.22 Cr debt.

Madras HC dismisses Writ against Income Tax Director & Mining Firm

June 21, 2024 726 Views 0 comment Print

Read the detailed judgment of Madras High Court dismissing a writ petition due to lack of locus standi and incomplete parties, involving Income Tax Director and S. R. S. Mining.

Kerala HC Directs ITAT to Expedite Delay Condonation Case

June 21, 2024 741 Views 0 comment Print

Kerala HC directs ITAT to expedite delay condonation application of Paravur Service Co-Operative Bank Ltd., ensuring fair consideration of statutory rights.

NCLT/NCLAT is Not the Proper Forum for Individual Share Transfer Disputes: HC

June 21, 2024 1815 Views 0 comment Print

Explore the Telangana High Court judgment on Cherukuri Ramakrishna vs Sandhya Hotel Pvt Ltd. Detailed analysis of rejection of plaint under Companies Act provisions and arbitration clause.

GSTR-3B & GSTR-1 Discrepancies are Grounds for Appeal, Not Errors Apparent on Record

June 20, 2024 3249 Views 0 comment Print

Detailed analysis of Madras High Court’s judgment on Vishaka Exports vs. Assistant Commissioner (ST) under TN-G&ST Act. Key points and implications discussed.

Failure to Rely on Binding Decisions Constitutes an Apparent Error: Kerala HC

June 20, 2024 1548 Views 0 comment Print

Kerala High Court directs reconsideration of rectification petition in Koluthara Exports Ltd. vs. Union of India case regarding service tax dispute. Full text of the judgment provided.

Rajasthan HC dismisses Writ on Reassessment Notice for Participation in Reassessment Proceedings

June 20, 2024 957 Views 0 comment Print

Rajasthan High Court refuses writ jurisdiction on reassessment notice in Smt. Rama Gupta vs DCIT, advising petitioner to pursue appellate remedies.

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