KSK Mahanadi Power Company Limited (Corporate Debtor) is a company engaged in business of power generation. The Corporate Debtor was admitted into Corporate Insolvency Resolution Process on 03.10.2019.
NCLAT Delhi held that admission of application under section 9 of the Insolvency and Bankruptcy Code (IBC) for initiation of CIRP of Corporate Debtor untenable due to pre-existing dispute surrounding operational debt.
Held that there is no ownership in law which can be recognized insofar as the appellant herein is concerned inasmuch as his name has not been entered in the registration certificate concerning the vehicle in terms of the provisions of the Motor Vehicles Act, 1988.
Delhi High Court held that an audit report cannot be regarded as an order of determination under section 72, 73 or 73A of the Finance Act, 1994 hence benefit under Voluntary Compliance Encouragement Scheme (VCES) cannot be deprived.
Calcutta HC quashes appellate dismissal in GST case due to procedural lapses and directs reconsideration of delay condonation on merits.
Calcutta High Court quashes assessment order due to procedural lapses and improper service of notices, emphasizing compliance with Section 282 of the Income Tax Act.
Calcutta High Court sets aside GST order due to lack of hearing, violating Section 75(4) of CGST/WBGST Act. Matter remanded for fresh adjudication within 16 weeks.
ITAT Ahmedabad remands case to CIT(E) for fresh hearing, citing lack of natural justice in ex-parte order on Masani Meldi Sadhana Foundation’s registration appeal.
Bombay High Court upholds statutory pre-deposit requirements under Section 129E of the Customs Act, rejecting appeals for waiver in non-rare cases.
ITAT Ahmedabad dismisses Comprehensive Blood And Cancer Care Foundation’s appeal as infructuous after filing a fresh Section 80G application per CBDT guidelines.
