Solony Padhi
![SCN u/s 124 of Customs Act Mandatory even if Notice allegedly Waived: Madras HC Quashes Customs Confiscation Order [Read Order]](https://images.taxscan.in/h-upload/2026/02/28/2127443-madras-high-court-customs-act-customs-confiscation-order-madras-high-court-customs-judgment-taxscan.webp "SCN u/s 124 of Customs Act Mandatory even if Notice allegedly Waived: Madras HC Quashes Customs Confiscation Order [Read Order]")
SCN u/s 124 of Customs Act Mandatory even if Notice allegedly Waived: Madras HC Quashes Customs Confiscation Order [Read Order]
The Madras High Court has held that the issuance of a show cause notice under Section 124 of the Customs Act is a mandatory precondition for...
![No Service Tax On Individual Truck Owners Without Consignment Note: CESTAT Sets Aside ₹3.42 Lakh Service Tax Demand [Read Order]](https://images.taxscan.in/h-upload/2026/02/28/2127431-no-service-tax-on-individual-truck-owners-cestat-service-tax-demand-.webp "No Service Tax On Individual Truck Owners Without Consignment Note: CESTAT Sets Aside ₹3.42 Lakh Service Tax Demand [Read Order]")
![CIRP u/s 7 IBC Not Maintainable Where Corporate Guarantee Is Capped Below ₹1 Cr: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/28/2127420-cirp-ibc-not-maintainable-corporate-guarantee-is-capped-below-nclat-.webp "CIRP u/s 7 IBC Not Maintainable Where Corporate Guarantee Is Capped Below ₹1 Cr: NCLAT [Read Order]")
![Approved Resolution Plan Cannot Be Reopened Or Remanded By CoC: NCLAT Sets Aside NCLT Order [Read Order]](https://images.taxscan.in/h-upload/2026/02/28/2127423-resolution-plan-reopened-remanded-coc-nclat-nclt-order-taxscan.webp "Approved Resolution Plan Cannot Be Reopened Or Remanded By CoC: NCLAT Sets Aside NCLT Order [Read Order]")
![Issuance Of Share Certificates Falls Outside The Scope Of Rectification u/s 59: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/28/2127408-issuance-of-share-certificates-falls-outside-the-scope-of-rectification-nclat.webp "Issuance Of Share Certificates Falls Outside The Scope Of Rectification u/s 59: NCLAT [Read Order]")
CIRP Petition Not Barred u/s 10A For Defaults arising Post-COVID Period: NCLAT Revives ₹2.36 Crore Operational Debt Claim [Read Order]
The Principal Bench of the National Company Law Appellate Tribunal (NCLAT), New Delhi, has held that a Section 9 petition cannot be rejected under Section 10A of the Insolvency and Bankruptcy Code, ...
![CIRP Petition Not Barred u/s 10A For Defaults arising Post-COVID Period: NCLAT Revives ₹2.36 Crore Operational Debt Claim [Read Order]](https://images.taxscan.in/h-upload/2026/02/28/2127415-nclat-revives-236-crore-operational-debt-claim-taxscan.webp "CIRP Petition Not Barred u/s 10A For Defaults arising Post-COVID Period: NCLAT Revives ₹2.36 Crore Operational Debt Claim [Read Order]")
CBIC Elevates 94 Superintendents as Assistant Commissioners on Ad-Hoc Basis; Promotions Valid Till December 2027 [Read Notification]
In a major administrative move, the Central Board of Indirect Taxes and Customs (CBIC) has selected 95 officers for the position of Assistant Commissioner of Customs & Indirect Taxes on an...
![CBIC Elevates 94 Superintendents as Assistant Commissioners on Ad-Hoc Basis; Promotions Valid Till December 2027 [Read Notification]](https://images.taxscan.in/h-upload/2026/02/27/2127311-cbic-elevates-94-superintendents-as-assistant-commissioners-promotions-valid-till-december-2027-.webp "CBIC Elevates 94 Superintendents as Assistant Commissioners on Ad-Hoc Basis; Promotions Valid Till December 2027 [Read Notification]")
SC Seeks Response On Zoomcar Plea Alleging Denial Of Statutory Remedy after HC Declined GST Appeal Liberty [Read Order]
The Supreme Court of India has sought a response on a plea filed by Zoomcar India Pvt. Ltd., which contends that it was not given the opportunity to exercise its statutory appellate remedy under...
![SC Seeks Response On Zoomcar Plea Alleging Denial Of Statutory Remedy after HC Declined GST Appeal Liberty [Read Order]](https://images.taxscan.in/h-upload/2026/02/27/2127309-sc-seeks-response-on-zoomcar-pleajpg.webp "SC Seeks Response On Zoomcar Plea Alleging Denial Of Statutory Remedy after HC Declined GST Appeal Liberty [Read Order]")
Reassignment of Reliance Bhutan Loan to Dissenting Creditors Invalid: NCLAT Dismisses Bank of Baroda Appeal [Read Order]
The National Company Law Appellate Tribunal (NCLAT) rejected the appeal filed by Bank of Baroda holding that the reallocation of the Reliance Bhutan Loan in favor of the dissenting financial...
![Reassignment of Reliance Bhutan Loan to Dissenting Creditors Invalid: NCLAT Dismisses Bank of Baroda Appeal [Read Order]](https://images.taxscan.in/h-upload/2026/02/25/2127029-reassignment-reliance-bhutan-loan-dissenting-creditors-invalid-nclat-taxscan.webp "Reassignment of Reliance Bhutan Loan to Dissenting Creditors Invalid: NCLAT Dismisses Bank of Baroda Appeal [Read Order]")
![CoC Cannot Modify Distribution Mechanism After Approval of Resolution Plan: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/25/2127017-coc-cannot-modify-distribution-mechanism-after-approval-resolution-plan-nclat-taxscan.webp "CoC Cannot Modify Distribution Mechanism After Approval of Resolution Plan: NCLAT [Read Order]")
Common IP Address, EMD Payments & Call Records Establish Cartelisation: NCLAT Upholds ₹10 Lakh Penalty For Bid Rigging [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Principal Bench New Delhi has confirmed a penalty of ₹10 lakh on M/s Klassy Enterprises for engaging in bid rigging and cartels in contravention...
![Common IP Address, EMD Payments & Call Records Establish Cartelisation: NCLAT Upholds ₹10 Lakh Penalty For Bid Rigging [Read Order]](https://images.taxscan.in/h-upload/2026/02/25/2127012-common-ip-address-emd-payments-call-records-establish-cartelisation-nclat-penalty-.webp "Common IP Address, EMD Payments & Call Records Establish Cartelisation: NCLAT Upholds ₹10 Lakh Penalty For Bid Rigging [Read Order]")
MCA CCFS-2026 Offers Big Relief To Companies: Clear Pending Filings At Just 10% Fee Or Opt For Dormancy And Closure [Read Circular]
The Ministry of Corporate Affairs (MCA) has introduced the Companies Compliance Facilitation Scheme, 2026 (CCFS-2026) which offers a one-time compliance amnesty to defaulting companies. The...
![MCA CCFS-2026 Offers Big Relief To Companies: Clear Pending Filings At Just 10% Fee Or Opt For Dormancy And Closure [Read Circular]](https://images.taxscan.in/h-upload/2026/02/25/2127026-pendingjpg.webp "MCA CCFS-2026 Offers Big Relief To Companies: Clear Pending Filings At Just 10% Fee Or Opt For Dormancy And Closure [Read Circular]")