GST Hits Shrimp Exporters as AAR Says Small Packaged Units Are Taxable Retail Goods
In a significant ruling that impacts the seafood export industry, the Authority for Advance Ruling (AAR) in Andhra Pradesh has determined that ...
Stakeholders Consultation Committee Backed Resolution Approved: NCLT Replaces Liquidator under Regulation 31A of IBBI [Read Order]
The Cochin bench of the National Company Law Tribunal (NCLT) approved the replacement of Liquidator Sri K.C. Padmakumar with Sri Sreenivasan P.R., following a resolution passed by the Stakeholders’...
Consumer Proceedings Not Maintainable after IBC Moratorium Imposition: Bombay HC quashes Consumer Forum Order against SREI Equipment [Read Order]
The Bombay High Court has quashed an order passed by the District Consumer Dispute Redressal Commission, Akola, and subsequent recovery proceedings against Srei Equipment Finance Limited, holding...
NCLT Sanctions Fee for Outgoing Liquidator and Professionals under Regulation 34B of IBBI, Citing Regulatory Minimum and Services Rendered [Read Order]
The Cochin bench of the National Company Law Tribunal (NCLT) sanctioned a monthly fee of Rs. 2 lakh for the outgoing Liquidator of M/s Asten Pvt. Ltd., along with professional costs incurred for...
NCLT President Cannot Alter/Extend Territorial Jurisdiction of Any Bench: Gujarat HC Quashes Transfer of Arcelor Mittal Case [Read Order]
The Gujarat High Court recently affirmed that the president of the National Company Law Tribunal (NCLT) cannot alter or extend the territorial jurisdiction of a particular Bench to entertain...
![NCLT President Cannot Alter/Extend Territorial Jurisdiction of Any Bench: Gujarat HC Quashes Transfer of Arcelor Mittal Case [Read Order]](https://images.taxscan.in/h-upload/2025/10/26/500x300_2099951-nclt-president-territorial-jurisdiction-any-bench-gujarat-hc-transfer-of-arcelor-mittal-case-taxscan.webp "NCLT President Cannot Alter/Extend Territorial Jurisdiction of Any Bench: Gujarat HC Quashes Transfer of Arcelor Mittal Case [Read Order]")
NRIs May Soon Update or Reverify KYC Without India Visit: SEBI Proposes Geo-Tagging in Securities Market Process [Read Circular]
In a move to ease compliance requirements for Non-Resident Indians (NRIs), the Securities and Exchange Board of India (SEBI) has proposed a relaxation in the "Know Your Customer (KYC) verification...
![NRIs May Soon Update or Reverify KYC Without India Visit: SEBI Proposes Geo-Tagging in Securities Market Process [Read Circular]](https://images.taxscan.in/h-upload/2025/10/24/500x300_2099659-sebi-nris-may-soon-update-taxscan.webp "NRIs May Soon Update or Reverify KYC Without India Visit: SEBI Proposes Geo-Tagging in Securities Market Process [Read Circular]")
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 credit during audit does not justify invoking the...
![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]")
Debt Acknowledgement Overcomes Limitation Defence: NCLT Admits CIRP u/s 7 on ₹147 Cr Claim of Punjab National Bank [Read Order]
The New Delhi Bench of the National Company Law Tribunal (NCLT) admitted a Section 7 petition filed by Punjab National Bank against M/s Shriram Skill and Education Ltd., initiating the corporate...
![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/2025/10/24/500x300_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]")