NCLAT Delhi held that order rejecting application for intervention under section 65 of the Insolvency and Bankruptcy Code is set aside and intervention petition is revived since application is not filed to derail CIRP. Accordingly, appeal disposed of.
Rajasthan High Court canceled a land transfer, ruling that a power of attorney becomes void upon the death of person who issued it. Sale of a deceased person’s share was found to be invalid.
ITAT Jaipur provides relief to Sharad Kumar Choradia. Though seized records prove bro-kerage, the court remands the case, ordering a realistic re-evaluation of income and a deduction for expenses.
The Jharkhand High Court has quashed a tax notice issued to Ravi Singh Bhatia, ruling that authorities failed to consider his reply to a show-cause notice.
The Supreme Court disposes of tax petitions against Sodexo India, citing its precedent in the Rajeev Bansal case. Assessing officers must now apply the law as per the ruling.
Calcutta High Court overturns Usha Martin Telematics tax order for 2019-20, citing a violation of natural justice after a personal hearing was denied.
The NCLAT has set aside a Section 7 insolvency proceeding after the Corporate Debtor repaid the full pending amount, ruling that such proceedings are not valid once the debt is settled.
NCLT Mumbai admitted CIRP application filed u/s. 9 of the Insolvency and Bankruptcy Code by operational creditor [Unisafe Fire Protection Specialists India Pvt. Ltd.] against Corporate Debtor [Digizone Technology Private Limited] since application is complete and default is proved.
The Punjab and Haryana High Court has granted bail to Anoop alias Anup, accused in a digital arrest scam, noting his over six months of pre-trial custody.
Under Section 153C, the six-year limitation period for issuing a notice to a person other than the one searched begins from the date on which the documents or materials were received by AO, not from the date of the search or notice.
