![Calcutta HC Finds Prima Facie PMLA Violations, allows ED to Attach and Freeze Assets, Directs Committee to Share Property List [Read Order]](https://images.taxscan.in/h-upload/2025/12/20/500x300_2113356-calcutta-hc-pmla-violations-ed-share-property-list-enforcement-directorate-taxscan.webp "Calcutta HC Finds Prima Facie PMLA Violations, allows ED to Attach and Freeze Assets, Directs Committee to Share Property List [Read Order]")
Calcutta HC Finds Prima Facie PMLA Violations, allows ED to Attach and Freeze Assets, Directs Committee to Share Property List [Read Order]
The Calcutta High Court, in a recent ruling, has passed an order in proceedings relating to the Prayag Group of Companies, finding prima facie...
![Former Director Cannot be Forced to Represent Company in PMLA Case: Calcutta HC [Read Order]](https://images.taxscan.in/h-upload/2025/12/20/250x150_2113342-former-director-cannot-forced-represent-company-pmla-case-calcutta-hc-taxscan.webp "Former Director Cannot be Forced to Represent Company in PMLA Case: Calcutta HC [Read Order]")
![Benami Attachment Cannot Breach the “Impregnable Firewall” of NCLT‑Approved Resolution Plan: Madras HC [Read Order]](https://images.taxscan.in/h-upload/2025/12/19/250x150_2113247-benami-attachment-cannot-breach-impregnable-firewall-nclt-approved-resolution-plan-taxscan.webp "Benami Attachment Cannot Breach the “Impregnable Firewall” of NCLT‑Approved Resolution Plan: Madras HC [Read Order]")
Packing Materials Form Part of Sale Price u/s 2(u) of Bihar Finance Act: Patna HC Upholds Unified 11% Sales Tax on Cement, Dismisses ACC’s Appeals
In a recent judgment, the Patna High Court dismissed five miscellaneous appeals filed by ACC Limited, upholding the Commercial Taxes Tribunal’s decision that cement and its packing materials cannot...
S 32A of IBC Bars Action against CD’s Property for Pre‑CIRP Offences: Madras HC Blocks Benami Attachment
In a recent ruling on the interplay between the Insolvency and Bankruptcy Code, 2016 (IBC) and the Prohibition of Benami Property Transactions Act, 1988, (PBPT) the Madras High Court has held that...
Bidder's Refusal to Accept LOI Triggers Valid Forfeiture of Earnest Money: Karnataka HC Sets Aside Refund of ₹70 lakh [Read Order]
The Karnataka High Court has upheld the liquidator’s power to forfeit the Earnest Money Deposit (EMD) and Participation Deposit Money (PDM) after the successful bidder refused to accept the Letter...
![Bidders Refusal to Accept LOI Triggers Valid Forfeiture of Earnest Money: Karnataka HC Sets Aside Refund of ₹70 lakh [Read Order]](https://images.taxscan.in/h-upload/2025/12/19/500x300_2113282-accept-loi-triggers-valid-forfeiture-earnest-money-karnataka-hc-sets-aside-refund-taxscan.webp "Bidders Refusal to Accept LOI Triggers Valid Forfeiture of Earnest Money: Karnataka HC Sets Aside Refund of ₹70 lakh [Read Order]")
Is Your Money Sitting Unclaimed? Your Money, Your Right: How Indians can Recover ₹1.84L Crore in Forgotten Assets
PrimeMinister Narendra Modi has appealed to every Indian citizen to join the ‘Your Money, Your Right’ Campaign which has within two months provided rightful ownership of approximately ₹ 2,000 crores...
Customs Duty Exemption Denied for Misrepresentation and Only 5.18% Value Addition: Karnataka HC Sets Aside CEGAT Order [Read Order]
The Karnataka High Court has set aside the order of the Customs, Excise and Gold Appellate Tribunal (CEGAT), holding that the benefit of duty exemption could not be granted where the value addition...
![Customs Duty Exemption Denied for Misrepresentation and Only 5.18% Value Addition: Karnataka HC Sets Aside CEGAT Order [Read Order]](https://images.taxscan.in/h-upload/2025/12/18/500x300_2113015-customs-duty-exemption-misrepresentation-value-addition-karnataka-hc-cegat-order-taxscan.webp "Customs Duty Exemption Denied for Misrepresentation and Only 5.18% Value Addition: Karnataka HC Sets Aside CEGAT Order [Read Order]")