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NCLT Dispenses with Shareholders’ Meetings Due to Unanimous Affidavit Consents

June 28, 2026 150 Views 0 comment Print

The NCLT held that consent letters alone were insufficient for dispensing with the secured creditors’ meeting. It directed the meeting to be convened while granting dispensation for other stakeholder meetings where affidavit-based consents were available.

Kerala HC Questions NCLT’s Power to Impose ₹1 Lakh Per Day for Non-Compliance

June 28, 2026 141 Views 0 comment Print

The Kerala High Court held that although the NCLT order was recorded as a consent order, the petitioner could challenge the portion imposing ₹1 lakh per day for non-compliance. The Court granted time to file an appeal before the appellate tribunal.

CIT(A) Cannot Dismiss Appeal for Non-Prosecution as Law Requires Decision on Merits

June 28, 2026 162 Views 0 comment Print

The ITAT held that the CIT(A) has no power to dismiss an appeal merely for non-prosecution. The appellate authority must adjudicate every appeal on merits and provide reasons as required under Section 250(6).

Jharkhand HC Allows Bail in ₹15.83 Crore GST ITC case as Accused Spent Over 4 Months in Custody

June 28, 2026 153 Views 0 comment Print

The Jharkhand High Court granted bail in an alleged fake GST ITC case after considering that the petitioner had remained in custody for more than four months. The Court imposed conditions requiring cooperation with the trial and non-interference with witnesses.

Allahabad HC Sets Aside GST Order as Personal Hearing & Reply Date Were Same

June 28, 2026 222 Views 0 comment Print

The Allahabad High Court held that fixing the personal hearing and the last date for filing a reply on the same day violated the principles of natural justice. The GST adjudication order was set aside and the matter was remanded for fresh proceedings.

Delhi HC Quashes Reassessment as Section 148 Notice Was Time-Barred

June 28, 2026 243 Views 0 comment Print

The Delhi High Court held that a reassessment notice issued beyond the prescribed limitation period was without jurisdiction. It quashed both the Section 148 notice and the consequential assessment order.

ITAT Directs Fresh TP Analysis as TPO Mechanically Rejected Segmental Results

June 28, 2026 150 Views 0 comment Print

The ITAT Hyderabad held that certified segmental financial information could not be rejected mechanically without identifying defects. It remanded the issue to the TPO for fresh consideration.

Passport Renewal NOC Cannot Be Denied Amid Prolonged Investigation: Allahabad HC

June 28, 2026 150 Views 0 comment Print

The Allahabad High Court set aside the rejection of a passport renewal NOC after noting prolonged delays in criminal proceedings and directed issuance of the NOC while also examining compliance with earlier judicial directions.

Patna HC Refuses Relief as GST First Appeal Was Filed After 21-Month Delay

June 28, 2026 123 Views 0 comment Print

The Patna High Court declined to interfere with the cancellation of GST registration after noting that the first appeal was filed with a delay of 21 months. The Court also observed that no reasons for the delay were placed on record and left open the remedy of a second appeal.

DRAT Rejects Borrower-Bank Settlement Because Bank Failed to Comply with Refund Order

June 28, 2026 141 Views 0 comment Print

The DRAT upheld the DRT’s refusal to accept the settlement after finding that the bank had not complied with the final order directing refund to the auction purchaser. Both the borrower and the bank’s appeals were dismissed.

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