Yogitha S Yogesh
![NCLT admits CIRP Application of Canara Bank Citing Default payment of a debt amount beyond Rs, 1 Crore [Read Order]](https://images.taxscan.in/h-upload/2025/09/13/500x300_2086437-nclt-cirp-canara-bank-default-payment-debt-amount-taxscan.webp "NCLT admits CIRP Application of Canara Bank Citing Default payment of a debt amount beyond Rs, 1 Crore [Read Order]")
NCLT admits CIRP Application of Canara Bank Citing Default payment of a debt amount beyond Rs, 1 Crore [Read Order]
The National Company Law Tribunal ( NCLT) Cuttack Bench admitted the application filed by Canara Bank citing the default payment of a debt...
![NCLT Admits Application of IDBI Bank u/s 7 of IBC as Corporate Debtor Acknowlegdes OTS on Due Debt within period of limitation [Read Order]](https://images.taxscan.in/h-upload/2025/09/13/250x150_2086323-nclt-idfc-bank-ibc-corporate-debtor-application-of-idfc-bank-taxscan.webp "NCLT Admits Application of IDBI Bank u/s 7 of IBC as Corporate Debtor Acknowlegdes OTS on Due Debt within period of limitation [Read Order]")
![RTI Act does not covers Redressal of Grievance, Non-compliance of rules, etc: IBBI [Read Order]](https://images.taxscan.in/h-upload/2025/09/13/250x150_2086290-ibbi-taxscan.webp "RTI Act does not covers Redressal of Grievance, Non-compliance of rules, etc: IBBI [Read Order]")
![Relief to Plight of individual homebuyers, who invest life savings to secure Home: Supreme Court allows appeal under IBC, Directs to hand over possession [Read Order]](https://images.taxscan.in/h-upload/2025/09/12/250x150_2085955-relief-to-plight-of-individual-homebuyers-secure-home-supreme-court-taxscan.webp "Relief to Plight of individual homebuyers, who invest life savings to secure Home: Supreme Court allows appeal under IBC, Directs to hand over possession [Read Order]")
![Delhi HC Upholds Exception u/s 40A of Income Tax Act in favour of Mitsubishi Corporation [Read Order]](https://images.taxscan.in/h-upload/2025/09/12/250x150_2085793-delhi-hc-upholds-income-tax-act-mitsubishi-corporation-taxscan.webp "Delhi HC Upholds Exception u/s 40A of Income Tax Act in favour of Mitsubishi Corporation [Read Order]")
![Supreme Court refused to condone 431 Days Delay in filing Customs Appeal [Read Judgement]](https://images.taxscan.in/h-upload/2025/09/12/500x300_2085789-customs-appeal-taxscan.webp "Supreme Court refused to condone 431 Days Delay in filing Customs Appeal [Read Judgement]")
Section 12B of Central Excise Act and Rule 7 in applicable when Provisional assessment is made: Karnataka HC upholds CESTAT ruling in favour of J K Tyre Industries [Read Order]
In a recent case, the Karnataka High Court upheld the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) ruling in favour of J K Tyre Industries and section 12B of Central Excise Act, 1944...
![Section 12B of Central Excise Act and Rule 7 in applicable when Provisional assessment is made: Karnataka HC upholds CESTAT ruling in favour of J K Tyre Industries [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/500x300_2085647-section-12b-central-excise-act-rule-7-in-applicable-provisional-assessment-karnataka-hc-cestat-j-k-tyre-industries-taxscan.webp "Section 12B of Central Excise Act and Rule 7 in applicable when Provisional assessment is made: Karnataka HC upholds CESTAT ruling in favour of J K Tyre Industries [Read Order]")
Karnataka HC upholds ITAT ruling Classifying Toyota Tsusho India Pvt ltd as Not a Wholesale Trader [Read Order]
The Karnataka High Court upheld the Income Tax Appellate Tribunal (ITAT) ruling, classifying Toyota Tsusho India Pvt Ltd as not a wholesale trader. It observed that there is no cavil that the...
![Karnataka HC upholds ITAT ruling Classifying Toyota Tsusho India Pvt ltd as Not a Wholesale Trader [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/500x300_2085642-karnataka-high-court-karnataka-hc-upholds-itat-ruling-toyota-tsusho-india-pvt-ltd-taxscan.webp "Karnataka HC upholds ITAT ruling Classifying Toyota Tsusho India Pvt ltd as Not a Wholesale Trader [Read Order]")
Delhi HC restricts reinstating Suspension of CBL due to violation of CBLR citing Principle of Proportionality [Read Order]
The New Delhi High Court restricted the Suspension of customs brokers license (CBL) due to violation of Customs Brokers Licensing Regulations, 2018 ( “CBLR 2018”), as the licensee has already...
![Delhi HC restricts reinstating Suspension of CBL due to violation of CBLR citing Principle of Proportionality [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/500x300_2085633-delhi-high-court-cbl-cblr-citing-taxscan.webp "Delhi HC restricts reinstating Suspension of CBL due to violation of CBLR citing Principle of Proportionality [Read Order]")
Petition u/s 7 of IBC cannot be barred merely because of pending consideration of OTS before Lenders: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench has held that the mere fact that a corporate debtor's One Time Settlement (OTS) proposal is under consideration by other lenders...
![Petition u/s 7 of IBC cannot be barred merely because of pending consideration of OTS before Lenders: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2025/09/11/500x300_2085514-ibc-ots-nclat-taxscan.webp "Petition u/s 7 of IBC cannot be barred merely because of pending consideration of OTS before Lenders: NCLAT [Read Order]")
Relief to SBI, Lease Dues Incurred During CIRP Prior to Vesting Date are Payable to Financial Creditor: NCLT
In a ruling in favour of SBI, the Hyderabad bench of the National Company Law Tribunal (NCLT) has held that the lease dues incurred during the corporate insolvency resolution period prior to the...
