The amendment limits withdrawal only between CoC constitution and invitation of resolution plans. It ensures procedural discipline and avoids disruption of insolvency proceedings.
The amendment replaces discretion with a mandatory framework for admitting applications upon proof of default. It ensures faster initiation of CIRP and reduces judicial delays.
The issue concerns how lenders use credit profiles to determine loan interest rates under risk-based pricing. It explains that borrowers with strong credit histories receive lower interest rates and better terms.
The central issue was whether incomplete notices satisfy legal requirements. The Court ruled that mere reproduction of statutory language without factual foundation is insufficient. The decision reinforces strict adherence to natural justice principles.
The issue was whether the 2019 amendment to Section 54 could limit earlier refund claims. The Court ruled that the amendment is prospective and cannot affect pre-amendment entitlements. Claims were held valid within extended timelines.
The amendment removes automatic moratorium protection for personal guarantors upon filing insolvency applications. It ensures creditors can continue recovery actions and prevents delay tactics.
April 2026 GST rulings addressed SCNs, limitation, refunds, registration cancellation, recovery, and natural justice in tax proceedings.
The Finance Act, 2024 has inserted a new section, 194T, for TDS deduction by partnership firms/Limited Liability Partnerships (LLPs). Section 194T takes effect from 1st April, 2025 (AY 2026-27), to bring payments such as salary, remuneration, commission, bonus and interest (whether on capital or on loan) by a partnership firm/LLP to its partners under the […]
India’s new Labour Codes introduce a uniform wage definition and 50% cap on exclusions, affecting PF, gratuity, bonus, and salary structuring.
Article examines Section 58C under CIIRP, highlighting procedural disputes, conversion risks, and regulatory gaps that may affect speedy insolvency resolution.
