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Intra-Group Services Not Stewardship: ITAT Deletes ₹28.74 Cr TP Adjustment for Corteva Agriscience [Read Order]
In a major relief to Corteva Agriscience India Pvt. Ltd. (formerly E.I. DuPont India Pvt. Ltd.), the Delhi Bench of the Income Tax Appellate...
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Resolution Plan Lacks Feasibility, Viability and IBC Compliance: NCLT Rejects CoC’s ₹1.5 Cr Resolution Plan, Orders Liquidation u/s 33(1)(b) [Read Order]
The plan, which had secured 100% approval from the Committee of Creditors (CoC), was found deficient in addressing revival and implementation aspects. The order also noted objections raised by the State Tax Department, which relied on the Supreme Court’s ruling in State Tax Officer v. Rainbow Papers Ltd. to claim secured creditor status.
Kavi Priya
![Service Tax Not Payable on liquidated damages collected from supplier on account of non-performance of the contracts: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/CESTAT-CESTAT-Bangalore-Service-Tax-liquidated-damages-Taxscan.jpg "Service Tax Not Payable on liquidated damages collected from supplier on account of non-performance of the contracts: CESTAT [Read Order]")
Yogitha S. Yogesh
Rupesh Sharma
Saagarika Gopinath
Navasree A.MResolution Plan Lacks Feasibility, Viability and IBC Compliance: NCLT Rejects CoC’s ₹1.5 Cr Resolution Plan, Orders Liquidation u/s 33(1)(b) [Read Order]
The plan, which had secured 100% approval from the Committee of Creditors (CoC), was found deficient in addressing revival and implementation aspects. The order also noted objections raised by the State Tax Department, which relied on the Supreme Court’s ruling in State Tax Officer v. Rainbow Papers Ltd. to claim secured creditor status.
