![Operational Creditor cannot initiate Insolvency Proceedings When Complaints Regarding Defects Remain Unresolved: NCLT rules against Schneider Electric India Pvt. Ltd. [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Schneider-Electric-India-Pvt.-Ltd-.jpg "Operational Creditor cannot initiate Insolvency Proceedings When Complaints Regarding Defects Remain Unresolved: NCLT rules against Schneider Electric India Pvt. Ltd. [Read Order]")
Operational Creditor cannot initiate Insolvency Proceedings When Complaints Regarding Defects Remain Unresolved: NCLT rules against Schneider Electric India Pvt. Ltd. [Read Order]
In a ruling against Schneider Electric India Pvt. Ltd., the National Company Law Tribunal (NCLT), New Delhi bench has held that an Operational...
![Revenue Cannot Debit From GST Ledger Once Mandatory Pre-Deposit For Appeal is Paid: Calcutta HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Calcutta-High-Court-TAXSCAN.jpg "Revenue Cannot Debit From GST Ledger Once Mandatory Pre-Deposit For Appeal is Paid: Calcutta HC [Read Order]")
Payment Made on Specific Invoice not adjustable Against Back-Dated Invoices: NCLTÂ rejects petition filed u/s 9 of IBC [Read Order]
While rejecting a petition filed under section 9 of the Insolvency & Bankruptcy Code, 2016 (the code), the New Delhi bench of the National Company Law Tribunal (NCLT) held that when a payment...
![Payment Made on Specific Invoice not adjustable Against Back-Dated Invoices: NCLTÂ rejects petition filed u/s 9 of IBC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Corporate-debto-r-taxscan.jpg "Payment Made on Specific Invoice not adjustable Against Back-Dated Invoices: NCLTÂ rejects petition filed u/s 9 of IBC [Read Order]")
DRT Order Setting aside NPA Classification Does not Negate Existence of Financial Debt: NCLT [Read Order]
The New Delhi bench of the National Company Law Tribunal (NCLT) ruled that the existence of financial debt or the occurrence of default—the two main requirements for admitting a Section 7 petition...
![DRT Order Setting aside NPA Classification Does not Negate Existence of Financial Debt: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/DRT-NPA-Classification-NCLT-TAXSCAN.jpg "DRT Order Setting aside NPA Classification Does not Negate Existence of Financial Debt: NCLT [Read Order]")
Income Tax Notice issued Demanding Management Fee Paid to Oversea Company: Delhi HC sets aside Notice being Violative of S. 149 (1)(a) [Read Order]
The Delhi High Court in a recent case has set aside the Income Tax notice issued demanding management fee paid to oversea company being violative of section 149 (1)(a) of the Income Tax Act, 1961. ...
![Income Tax Notice issued Demanding Management Fee Paid to Oversea Company: Delhi HC sets aside Notice being Violative of S. 149 (1)(a) [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Income-Tax-Notice-Demanding-Management-Fee-Oversea-Company-Delhi-HC-notice-Violative-taxscan.jpg "Income Tax Notice issued Demanding Management Fee Paid to Oversea Company: Delhi HC sets aside Notice being Violative of S. 149 (1)(a) [Read Order]")
Period of Limitation as per S. 153 C Commences with date on which documents were Submitted: Delhi HC [Read Judgement]
The Delhi High Court in its recent case held that the period of limitation as per section 153C of the Income Tax Act, 1961 commenced with date on which documents were submitted. Landcraft...
Income Tax Notices Unanswered as Authorised Representative Hospitalised for Surgery: Madras HC grants Opportunity to File Reply [Read Order]
The Madras High Court has granted relief to a taxpayer whose authorised representative was hospitalised and unable to respond to income tax notices. The writ petition challenged an impugned...
![Income Tax Notices Unanswered as Authorised Representative Hospitalised for Surgery: Madras HC grants Opportunity to File Reply [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Income-Tax-Notices-madras-high-court-taxscan.jpeg "Income Tax Notices Unanswered as Authorised Representative Hospitalised for Surgery: Madras HC grants Opportunity to File Reply [Read Order]")
