![Discovery During Audit Alone Does Not Justify Extended Limitation u/s11A: CESTAT Sets Aside Cenvat Credit Demand and Penalty of Rs. 1.81 Crore [Read Order]](https://images.taxscan.in/h-upload/2025/10/24/500x300_2099629-cenvat-credit-demand-penalty-discovery-during-audit-taxscan.webp "Discovery During Audit Alone Does Not Justify Extended Limitation u/s11A: CESTAT Sets Aside Cenvat Credit Demand and Penalty of Rs. 1.81 Crore [Read Order]")
Discovery During Audit Alone Does Not Justify Extended Limitation u/s11A: CESTAT Sets Aside Cenvat Credit Demand and Penalty of Rs. 1.81 Crore [Read Order]
The Principal bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Delhi held that mere discovery of wrongly availed Cenvat ...
![Debt Acknowledgement Overcomes Limitation Defence: NCLT Admits CIRP u/s 7 on ₹147 Cr Claim of Punjab National Bank [Read Order]](https://images.taxscan.in/h-upload/2025/10/24/250x150_2099581-punjab-national-bank-taxscan.webp "Debt Acknowledgement Overcomes Limitation Defence: NCLT Admits CIRP u/s 7 on ₹147 Cr Claim of Punjab National Bank [Read Order]")
![Non-Cooperation by Management: NCLT Upholds 92.53% CoC Vote for Liquidation u/s 33(2) After Failed CIRP [Read Order]](https://images.taxscan.in/h-upload/2025/10/24/250x150_2099513-nclt-liquidation-taxscan.webp "Non-Cooperation by Management: NCLT Upholds 92.53% CoC Vote for Liquidation u/s 33(2) After Failed CIRP [Read Order]")
![Resolution Plan Below CoC’s Commercial Expectations: NCLT Approves Liquidation After Failed CIRP [Read Order]](https://images.taxscan.in/h-upload/2025/10/24/250x150_2099512-resolution-plan-coc-commercial-expectations-nclt-cirp-taxscan.webp "Resolution Plan Below CoC’s Commercial Expectations: NCLT Approves Liquidation After Failed CIRP [Read Order]")
NCLT Sanctions Resolution Plan u/s 30(6) After NCLAT Upholds Asset Valuation and Creditor Protections u/s 30(2) [Read Order]
The National Company Law Tribunal (NCLT) approved the resolution plan under Section 30(6) of the Insolvency and Bankruptcy Code after the National Company Law Appellate Tribunal (NCLAT) upheld its...
![NCLT Sanctions Resolution Plan u/s 30(6) After NCLAT Upholds Asset Valuation and Creditor Protections u/s 30(2) [Read Order]](https://images.taxscan.in/h-upload/2025/10/24/500x300_2099503-nclt-resolution-plan-taxscan.webp "NCLT Sanctions Resolution Plan u/s 30(6) After NCLAT Upholds Asset Valuation and Creditor Protections u/s 30(2) [Read Order]")
SEBI Directs Market Intermediaries to Verify Client Accounts to Eliminate Terror Links as UN Amends ISIL (Da’esh) & Al-Qaida Sanctions List
The Securities and Exchange Board of India (SEBI) has directed all stock exchanges, depositories, KYC Registration Agencies (KRAs), member of the Association of Mutual Funds in India (AMFI) and all...
Reason for Default Irrelevant: NCLT Admits Section 7 Petition Rejecting COVID-19 & Technical Defences [Read Order]
The Mumbai bench of the National Company Law Tribunal (NCLT) admitted a section 7 petition rejecting COVID-19 and technical defences and observed that default of payment is enough, then the reason...
![Reason for Default Irrelevant: NCLT Admits Section 7 Petition Rejecting COVID-19 & Technical Defences [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/500x300_2099290-nclt-covid-19-technical-defences-taxscan.webp "Reason for Default Irrelevant: NCLT Admits Section 7 Petition Rejecting COVID-19 & Technical Defences [Read Order]")
![No Illegibilities u/s 11 of IBC: NCLT Admits CIRP u/s 10 Amid COVID-19 Losses [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/500x300_2099306-nclt-cirp-taxscan.webp "No Illegibilities u/s 11 of IBC: NCLT Admits CIRP u/s 10 Amid COVID-19 Losses [Read Order]")
NCLT Admits BluSmart Mobility Tech to Insolvency for ₹5.8 Crore Default on Google Maps Service Payments [Read Order]
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) admitted a Section 9 petition filed by Lepton Software Export and Research Private Limited and initiated the Corporate Insolvency ...
![NCLT Admits BluSmart Mobility Tech to Insolvency for ₹5.8 Crore Default on Google Maps Service Payments [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/500x300_2099211-blusmart-mobility-tech-taxscan.webp "NCLT Admits BluSmart Mobility Tech to Insolvency for ₹5.8 Crore Default on Google Maps Service Payments [Read Order]")
NCLT Upholds Rs. 1.03 Crore Operational Debt Despite 24% Interest Challenge, Initiates CIRP u/s 9 [Read Order]
The Ahmedabad bench of the National Company Law Tribunal (NCLT) held that under Section 9(5) of the IBC, 2016, a dispute limited to interest does not amount to a pre-existing dispute and therefore...
![NCLT Upholds Rs. 1.03 Crore Operational Debt Despite 24% Interest Challenge, Initiates CIRP u/s 9 [Read Order]](https://images.taxscan.in/h-upload/2025/10/22/500x300_2099040-operational-debt-taxscan.webp "NCLT Upholds Rs. 1.03 Crore Operational Debt Despite 24% Interest Challenge, Initiates CIRP u/s 9 [Read Order]")
![RTI Reveals: MCA Discloses Who Has Access to Company Directors’ Personal Data [Read RTI]](https://images.taxscan.in/h-upload/2025/10/22/500x300_2099021-rti-reveals-mca-who-has-access-company-directors-personal-data-taxscan.webp "RTI Reveals: MCA Discloses Who Has Access to Company Directors’ Personal Data [Read RTI]")