![NCLT Fails to Consider Balance Sheet Debt Acknowledgments and COVID Limitation Relief: NCLAT Restores UCO Bank’s Insolvency Proceedings [Read Order]](https://images.taxscan.in/h-upload/2026/02/24/2126858-nclt-fails-to-consider-balance-sheet-debt-acknowledgmentsjpg.webp "NCLT Fails to Consider Balance Sheet Debt Acknowledgments and COVID Limitation Relief: NCLAT Restores UCO Bank’s Insolvency Proceedings [Read Order]")
NCLT Fails to Consider Balance Sheet Debt Acknowledgments and COVID Limitation Relief: NCLAT Restores UCO Bank’s Insolvency Proceedings [Read Order]
The National Company Law Appellate Tribunal(NCLAT) allowed the insolvency proceedings initiated by UCO Bank under Section 7 of the Insolvency and...
![COVID-19 Window u/s 10A IBC Not Applicable If Default Predates 25 March 2020: Supreme Court Holds Failed Restructuring Can’t Shift Default Date [Read Judgement]](https://images.taxscan.in/h-upload/2026/02/19/2126358-covid-19-supreme-court-supreme-court-ibc-judgment-default-date-ibc-case-ibc-restructuring-ruling-covid-19-window-under-ibc-taxscan.webp "COVID-19 Window u/s 10A IBC Not Applicable If Default Predates 25 March 2020: Supreme Court Holds Failed Restructuring Can’t Shift Default Date [Read Judgement]")
![No Apparent Error to Interfere with Liquidation Proceedings: NCLAT Rejects Tax Claim Filed After Liquidation Cut-Off Period [Read Order]](https://images.taxscan.in/h-upload/2026/02/06/2124017-liquidation-cut-off-period-nclat-taxscan-.webp "No Apparent Error to Interfere with Liquidation Proceedings: NCLAT Rejects Tax Claim Filed After Liquidation Cut-Off Period [Read Order]")
![Income Tax Consultant died during COVID-19: ITAT condones 848 days delay [Read Order]](https://images.taxscan.in/h-upload/2026/01/14/2119736-income-tax-consultant-died-during-covid-19-taxscan.webp "Income Tax Consultant died during COVID-19: ITAT condones 848 days delay [Read Order]")
![GST Refund Claim for Jan-Mar 2019 Not Barred by Amended Limitation u/s 54: J&K&L HC [Read Order]](https://images.taxscan.in/h-upload/2026/01/04/2117025-gst-refund-claim-amended-limitation-us-54-jkl-hc-taxscan.webp "GST Refund Claim for Jan-Mar 2019 Not Barred by Amended Limitation u/s 54: J&K&L HC [Read Order]")
Advance Payment for Scrap Sale Qualifies as Operational Debt u/s 5(21): NCLAT Upholds CIRP Admission [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has upheld the admission of a Section 9 petition against the respondent holding that the advance payment for scrap...
![Advance Payment for Scrap Sale Qualifies as Operational Debt u/s 5(21): NCLAT Upholds CIRP Admission [Read Order]](https://images.taxscan.in/h-upload/2025/11/29/2108735-operational-debt-taxscan.jfif "Advance Payment for Scrap Sale Qualifies as Operational Debt u/s 5(21): NCLAT Upholds CIRP Admission [Read Order]")
Delay in Filing Income Tax Audit Report by Trust: AP HC Condones Delay noting Covid-19 issues and Treasurer’s Advanced Age [Read Order]
The Andhra Pradesh High Court has condoned the delay in filing the income tax audit report (Form 10B) by a religious charitable trust, considering the Covid-19 disruptions and the advanced age of...
![Delay in Filing Income Tax Audit Report by Trust: AP HC Condones Delay noting Covid-19 issues and Treasurer’s Advanced Age [Read Order]](https://images.taxscan.in/h-upload/2025/12/06/2110495-tax-audit-report-taxscan.jfif "Delay in Filing Income Tax Audit Report by Trust: AP HC Condones Delay noting Covid-19 issues and Treasurer’s Advanced Age [Read Order]")
ICAI Suspends CA for Simultaneously Holding Full-Time Job and Running Own Firm, Slaps ₹50k Fine [Read Order]
The Institute of Chartered Accountants of India (ICAI) recently suspended a CharteredAccountant (CA) from the Register of Members for six months after the Disciplinary Committee of the Institute...
![ICAI Suspends CA for Simultaneously Holding Full-Time Job and Running Own Firm, Slaps ₹50k Fine [Read Order]](https://images.taxscan.in/h-upload/2025/12/03/2109779-icai-taxscan.webp "ICAI Suspends CA for Simultaneously Holding Full-Time Job and Running Own Firm, Slaps ₹50k Fine [Read Order]")
Reason for Default Irrelevant: NCLT Admits Section 7 Petition Rejecting COVID-19 & Technical Defences [Read Order]
The Mumbai bench of the National Company Law Tribunal (NCLT) admitted a section 7 petition rejecting COVID-19 and technical defences and observed that default of payment is enough, then the reason...
![Reason for Default Irrelevant: NCLT Admits Section 7 Petition Rejecting COVID-19 & Technical Defences [Read Order]](https://images.taxscan.in/h-upload/2025/10/23/2099290-nclt-covid-19-technical-defences-taxscan.webp "Reason for Default Irrelevant: NCLT Admits Section 7 Petition Rejecting COVID-19 & Technical Defences [Read Order]")
Section 7 IBC Petition for Rs. 6.49 Cr Admitted: NCLT Rejects Section 10A Bar as Default Occurred Pre-COVID and Imposes Moratorium [Read Order]
The Mumbai bench of the National Company Law Tribunal (NCLT) admitted the Section 7 Insolvency and Bankruptcy Code,2016 (“I&B Code”) petition filed by the petitioner for Rs 6.49 crore, holding...
![Section 7 IBC Petition for Rs. 6.49 Cr Admitted: NCLT Rejects Section 10A Bar as Default Occurred Pre-COVID and Imposes Moratorium [Read Order]](https://images.taxscan.in/h-upload/2025/10/21/2098825-section-7-ibc-petition-nclt-pre-covid-taxscan.webp "Section 7 IBC Petition for Rs. 6.49 Cr Admitted: NCLT Rejects Section 10A Bar as Default Occurred Pre-COVID and Imposes Moratorium [Read Order]")
Delay of 3 Years 5 Months for Filing Appeal: ITAT Condones Delay Citing Covid-19 and Principle of Substantial Justice [Read Order]
The Agra Bench of the Income Tax Appellate Tribunal (ITAT) condoned the delay of 3 years and 5 months in filing the first appeal and restored the matter to the Commissioner of Income-tax (Appeals) ...
![Delay of 3 Years 5 Months for Filing Appeal: ITAT Condones Delay Citing Covid-19 and Principle of Substantial Justice [Read Order]](https://images.taxscan.in/h-upload/2025/10/08/2094915-2079282-condone-delay-nclat-documents-taxscan.webp "Delay of 3 Years 5 Months for Filing Appeal: ITAT Condones Delay Citing Covid-19 and Principle of Substantial Justice [Read Order]")
Appeal Filing Delayed by 729 days Due to Death of Counsel and illness: ITAT Condones Delay, Remands LTCG Addition to CIT for Fresh Adjudication [Read Order]
The Nagpur bench of Income Tax Appellate Tribunal (ITAT) condoned the delay of 729 days in filing the appeal, holding it to be bona fide and unintentional. The delay was caused by...
![Appeal Filing Delayed by 729 days Due to Death of Counsel and illness: ITAT Condones Delay, Remands LTCG Addition to CIT for Fresh Adjudication [Read Order]](https://images.taxscan.in/h-upload/2025/10/08/2094751-appeal-filing-delayed-itat-condones-delay-ltcg-cit-fresh-adjudication-taxscan.webp "Appeal Filing Delayed by 729 days Due to Death of Counsel and illness: ITAT Condones Delay, Remands LTCG Addition to CIT for Fresh Adjudication [Read Order]")