Tag: valuation dispute

NCLT Chennai Rejects TIIC Plea to Recall Approved Scheme; Promoter Buyout Not ‘Disinvestment’ Under Companies Act

Team Law Notify Commissions, Forums & Tribunals April 3, 2026

NCLT _ National Company Law Tribunal _ LawNotify

April 2, 2026 : The Chennai Bench of the National Company Law Tribunal (NCLT) has dismissed an application filed by Tamilnadu Industrial Investment Corporation Limited (TIIC) seeking recall or modification of an already sanctioned scheme of arrangement involving India Forge Read more…

CESTAT Chennai: Declared Value of Used Machinery Cannot Be Rejected Solely on Local Chartered Engineer’s Certificate

Team Law Notify Commissions, Forums & Tribunals March 26, 2026

The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that the declared transaction value of imported second-hand machinery cannot be rejected and re-determined solely on the basis of a local Chartered Engineer’s certificate, in Read more…