Yogitha S Yogesh
![Application under section 7(5) of IBC cannot be Rejected due to non furnishing of NeSL when existence of debt and default by CD is established: NCLT [Read Order]](https://images.taxscan.in/h-upload/2025/09/20/500x300_2089006-nclt-mumbai-nclt-ibc-application-taxscan.webp "Application under section 7(5) of IBC cannot be Rejected due to non furnishing of NeSL when existence of debt and default by CD is established: NCLT [Read Order]")
Application under section 7(5) of IBC cannot be Rejected due to non furnishing of NeSL when existence of debt and default by CD is established: NCLT [Read Order]
In a recent case, the Mumbai bench of the National Company Law Tribunal(NCLT) has held that application under section 7(5) of the Insolvency &...
![Minor clerical mistakes do not affect maintainability of an IBC petition, When Identity of Parties is not in dispute: NCLT Admits Petition u/s 9 [Read Order]](https://images.taxscan.in/h-upload/2025/09/20/250x150_2088986-minor-clerical-mistakes-ibc-petition-nclt-taxscan.webp "Minor clerical mistakes do not affect maintainability of an IBC petition, When Identity of Parties is not in dispute: NCLT Admits Petition u/s 9 [Read Order]")
![Violation of Provisions of S. 10(A) of Companies Act: MCA directs to pay penalty imposed within 90 days [Read Order]](https://images.taxscan.in/h-upload/2025/09/20/250x150_2089009-violation-of-provisions-companies-act-mca-penalty-taxscan.webp "Violation of Provisions of S. 10(A) of Companies Act: MCA directs to pay penalty imposed within 90 days [Read Order]")
![NCLAT Allows IDBI Trusteeship to Initiate CIRP as there is Valid Authorization from Assignee of Debt [Read Order]](https://images.taxscan.in/h-upload/2025/09/20/250x150_2088974-nclat-idbi-trusteeship-cirp-taxscan.webp "NCLAT Allows IDBI Trusteeship to Initiate CIRP as there is Valid Authorization from Assignee of Debt [Read Order]")
![JAO has power to initiate reassessment proceedings, as Faceless Reassessment Scheme Supports concurrent jurisdiction: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2025/09/20/250x150_2088961-jao-jurisdiction-initiate-proceedings-cbdt-cbdt-notification-taxscan.webp "JAO has power to initiate reassessment proceedings, as Faceless Reassessment Scheme Supports concurrent jurisdiction: Delhi HC [Read Order]")
Payment to Consultant Doctors not salary in absence of Fixed Pay, TDS Deductible u/s 194J: Bombay HC [Read Order]
The Bombay High Court has held that payments to consultant doctors are not salary in absence of fixed pay. Hence, TDS ( Tax Deduction at Source ) is deductible under Section 194J of the Income Tax...
![Payment to Consultant Doctors not salary in absence of Fixed Pay, TDS Deductible u/s 194J: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2025/09/19/500x300_2088596-consultant-doctors-absence-of-fixed-pay-tds-deductible-taxscan.webp "Payment to Consultant Doctors not salary in absence of Fixed Pay, TDS Deductible u/s 194J: Bombay HC [Read Order]")
Delhi HC Upholds Notice issued u/s 148A(b) of Income Tax Act in absence of Submission of Details of Commission on percentage of Insurance premium receipts [Read Order]
The Delhi High Court upheld the notice issued under section 148A(b) of the Income Tax Act, 1961, in the absence of the submission of Details of the commission on the percentage of insurance...
![Delhi HC Upholds Notice issued u/s 148A(b) of Income Tax Act in absence of Submission of Details of Commission on percentage of Insurance premium receipts [Read Order]](https://images.taxscan.in/h-upload/2025/09/19/500x300_2088586-delhi-hc-income-tax-act-taxscan.webp "Delhi HC Upholds Notice issued u/s 148A(b) of Income Tax Act in absence of Submission of Details of Commission on percentage of Insurance premium receipts [Read Order]")
AO not competent to pass Draft Assessment Order u/s 144C(1) of Income Tax Act when TPO Makes no Variation: Bombay HC [Read Order]
The Bombay High Court has held that a draft assessment order is not permissible under section 144C(1) of the Income Tax Act when the TPO (transfer pricing officer) makes no variation.Classic Legends...
![AO not competent to pass Draft Assessment Order u/s 144C(1) of Income Tax Act when TPO Makes no Variation: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2025/09/19/500x300_2088582-ao-draft-assessment-order-income-tax-act-tpo-bombay-hc-taxscan.webp "AO not competent to pass Draft Assessment Order u/s 144C(1) of Income Tax Act when TPO Makes no Variation: Bombay HC [Read Order]")
Corporate Applicant’s Own Petition under IBC S. 10 Admitted: NCLT Initiates CIRP on Finding Default Due and Payable Beyond IBC Section 4(1) Threshold [Read Order]
In a recent case, the National Company Law Tribunal (NCLT) Mumbai Bench initiated the Corporate Insolvency Resolution Process (CIRP) against the corporate applicant on finding a default due ...
![Corporate Applicant’s Own Petition under IBC S. 10 Admitted: NCLT Initiates CIRP on Finding Default Due and Payable Beyond IBC Section 4(1) Threshold [Read Order]](https://images.taxscan.in/h-upload/2025/09/16/500x300_2087856-nclt-mumbai-corporate-applicants-cirp-taxscan.webp "Corporate Applicant’s Own Petition under IBC S. 10 Admitted: NCLT Initiates CIRP on Finding Default Due and Payable Beyond IBC Section 4(1) Threshold [Read Order]")
Corporate Debtor Defaults in Repayment of Financial Debt over Minimum Threshold of Rs. 1 crore u/s 4 of IBC: NCLT admits CIRP Petition [Read Order]
The National Company Law Tribunal (NCLT) Mumbai Bench admitted the petition for Corporate Insolvency Resolution Process (‘CIRP’) on finding that the Corporate Debtor has defaulted in repayment...
![Corporate Debtor Defaults in Repayment of Financial Debt over Minimum Threshold of Rs. 1 crore u/s 4 of IBC: NCLT admits CIRP Petition [Read Order]](https://images.taxscan.in/h-upload/2025/09/16/500x300_2087846-corporate-debtor-repayment-financial-debt-nclt-cirp-petition-taxscan.webp "Corporate Debtor Defaults in Repayment of Financial Debt over Minimum Threshold of Rs. 1 crore u/s 4 of IBC: NCLT admits CIRP Petition [Read Order]")
NCLT Allows Liquidation Application filed by Ultratech Cement against Corporate Debtor citing 66.29 % of voting approval by CoC [Read Order]
In a recent case, the National Company Law Tribunal Mumbai Bench allowed the liquidation of corporate debtor Jaatvedas Construction Company Private Limited citing the 66.29 % of vote approval by...
![NCLT Allows Liquidation Application filed by Ultratech Cement against Corporate Debtor citing 66.29 % of voting approval by CoC [Read Order]](https://images.taxscan.in/h-upload/2025/09/16/500x300_2087830-nclt-liquidation-application-ultratech-cement-corporate-debtor-voting-approval-coc-taxscan.webp "NCLT Allows Liquidation Application filed by Ultratech Cement against Corporate Debtor citing 66.29 % of voting approval by CoC [Read Order]")
Queries on Eligibility to Appear for Limited Insolvency Examination: IBBI Refuses to Answer due to availability of information on IBBI Website [Read Order]
The Insolvency and Bankruptcy Board of India ( IBBI ) refused to answer the queries on eligibility to appear for the limited insolvency examination, which was conducted by the authority...
![Queries on Eligibility to Appear for Limited Insolvency Examination: IBBI Refuses to Answer due to availability of information on IBBI Website [Read Order]](https://images.taxscan.in/h-upload/2025/09/14/500x300_2086727-queries-on-eligibility-appear-for-limited-insolvency-examination-ibbi-refuses-answer-availability-of-information-ibbi-website-taxscan.webp "Queries on Eligibility to Appear for Limited Insolvency Examination: IBBI Refuses to Answer due to availability of information on IBBI Website [Read Order]")