The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has granted significant relief to Vodafone by deleting multiple additions and disallowances made during assessment, holding that they were not sustainable in law. The Tribunal ruled that the transfer of Read more…
Category: Legal News
The National Company Law Tribunal (NCLT), New Delhi, has referred to its President a crucial question under the Insolvency and Bankruptcy Code, 2016: whether an arbitral award arising from a supply contract can be treated as a financial debt for Read more…
The National Company Law Tribunal, New Delhi Bench, has set aside the allotment of 9.84 lakh equity shares of Neel Padam Builders Pvt. Ltd., holding that the company had recycled its own funds to falsely project a fresh share subscription Read more…
The National Company Law Tribunal (NCLT), New Delhi Bench, has recalled the insolvency proceedings initiated against SLR Techinfra Pvt. Ltd., holding that the Corporate Insolvency Resolution Process (CIRP) was triggered through forged and fabricated documents. Finding a serious abuse of Read more…
The National Company Law Appellate Tribunal (NCLAT), Chennai Bench, has dismissed an appeal filed by the Tamil Nadu State Tax Department, reaffirming that statutory claims raised after the conclusion of liquidation proceedings cannot be entertained. The Appellate Tribunal stressed that Read more…
The Mumbai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has granted significant relief to Capgemini Technology Services India Ltd., holding that a wide range of services used in providing Information Technology and Information Technology Enabled Services Read more…
NCLT 03.12.2025 : The Hyderabad Bench of the National Company Law Tribunal (NCLT) has held Rajendra Prasad Tak, former liquidator of KVK Nilachal Power Pvt. Ltd., guilty of civil contempt for wilfully disobeying binding directions of the Tribunal relating to third-party equipment excluded from Read more…
Indore, 10.12.2025 : The National Company Law Tribunal, Indore Bench has ruled that self-prepared interest calculations, including Excel sheets, cannot be relied upon to admit interest claims in insolvency proceedings unless there is clear contractual or statutory proof. The Tribunal clarified Read more…
Ahmedabad, 19.12.2025 : The National Company Law Tribunal, Ahmedabad Bench, has admitted an insolvency petition filed by Gensol EV Lease Limited against Mindra EV Private Limited, holding that a corporate debtor cannot avoid insolvency proceedings by citing alleged dues from a Read more…
Chennai, 05.12.2025 : The Chennai Bench of the National Company Law Tribunal has ruled that insolvency proceedings under the Insolvency and Bankruptcy Code, 2016 can be initiated against a personal guarantor even if the guarantor is a foreign citizen and does Read more…