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Solony Padhi

Solony Padhi

    Asset Quality of Banks Hits Multi-Decade Lows: Economic Survey

    The banking industry in India has silently accomplished what was considered impossible at one point in time. According to the Economic Survey 2025-26, the asset quality of the Scheduled Commercial...

    Asset Quality of Banks Hits Multi-Decade Lows: Economic Survey
    Solony Padhi

    90% Unsecured Creditor Consent Sufficient To Dispense with Meetings u/s 230(9): NCLAT [Read Order]

    The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has held that if unsecured creditors with at least 90% of the value have already given their consent by affidavit,...

    90% Unsecured Creditor Consent Sufficient To Dispense with Meetings u/s 230(9): NCLAT [Read Order]
    Solony Padhi

    Delay in Filing of Repayment Plan Not Grounds For Bankruptcy: NCLAT [Read Order]

    The National Company Law Appellate Tribunal (NCLAT) held that mere delay in filing a repayment plan cannot, by itself, justify continuation of bankruptcy proceedings, especially in circumstances...

    Delay in Filing of Repayment Plan Not Grounds For Bankruptcy: NCLAT [Read Order]
    Solony Padhi

    Search Assessments under Income Tax Unsustainable where Approval is Mechanical u/s 153D: ITAT [Read Order]

    The Patna Bench of the Income Tax Appellant Tribunal ( ITAT ) has held that search assessments under Section 153A of the Income Tax Act, 1961, cannot stand the test of time in those situations...

    Search Assessments under Income Tax Unsustainable where Approval is Mechanical u/s 153D: ITAT [Read Order]
    Solony Padhi

    Municipal Property Tax Dues Recognised as Secured Claims In Liquidation: NCLAT Holds KMC as a Secured Creditor [Read Order]

    The National Company Law Appellate Tribunal (NCLAT)has clarified that municipal property tax dues, when secured by a statutory charge under the governing municipal law, have to be treated as a secured...

    Municipal Property Tax Dues Recognised as Secured Claims In Liquidation: NCLAT Holds KMC as a Secured Creditor [Read Order]
    Solony Padhi

    Belated EPFO Claim Filed after 953 Days not Condonable: NCLAT Upholds Rejection by Liquidator [Read Order]

    The Chennai Bench of National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed by the Regional Provident Fund Commissioner (RPFC) as an inordinate delay of 953 days in filing a...

    Belated EPFO Claim Filed after 953 Days not Condonable: NCLAT Upholds Rejection by Liquidator [Read Order]
    Solony Padhi

    SSI Exemption Denied without Proof of Third-Party Brand Ownership: CESTAT Sets Aside Excise Duty Demand [Read Order]

    The Chennai Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has set aside an excise duty demand, holding that SSI exemption cannot be denied in the absence of evidence...

    SSI Exemption Denied without Proof of Third-Party Brand Ownership: CESTAT Sets Aside Excise Duty Demand [Read Order]
    Solony Padhi

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