NCLAT Chennai rules against FLSmidth Pvt Ltd, stating liquidator lacks authority to decide matters involving claims and counterclaims in insolvency cases.
Andhra Pradesh High Court declares suspension of Teja Bar and Restaurant’s license illegal due to lack of reasons and violation of principles of natural justice.
Calcutta High Court sets aside rejection of appeal due to delay, upholds petitioner’s right to seek condonation under Section 5 of Limitation Act, 1963. Detailed analysis here.
HC upheld stamp duty adjudication based on true market value at execution. Sale permission for non-agricultural use led to different value, supporting Collector’s decision.
NCLAT held that CoC’s decision not to liquidate did not constitute a modification of resolution plan and extension of time for payment was reasonable.
NCLAT Chennai held that liability arising from a recovery certificate constitutes a financial debt under IBC. Therefore, application filed by PARAS is not barred by limitation.
Detailed analysis of Karnataka High Court’s decision to quash FIR under Prevention of Corruption Act without verifying ITR. Learn about the case of Sri. Channakeshava H.D. vs State of Karnataka.
Karnataka High Court affirms FIR under Karnataka Police Act for tax evasion by Surya And Co and Tejashwini Enterprises at Bangalore Turf Club. Full judgment analysis.
Input Tax Credit (ITC) availed by the petitioner was reversed due to the disparity between their GSTR 3B returns and the auto-populated GSTR 2A. However, considering the minor nature of the discrepancy and to ensure fairness, the court deemed it just and necessary to grant the petitioner an opportunity to contest the tax demand on its merits.
In the Navbharat Boilers vs Assistant Commissioner case, Madras High Court sets aside an order for wrongful ITC claim, mandates 10% pre-deposit for reconsideration.
