![Auction Purchaser Cannot Claim Reclassification of NPA if it affects Financial Creditors Rights: NCLAT rules in favour of IDBI Bank [Read Order]](https://images.taxscan.in/h-upload/2025/11/19/500x300_2106655-idbi-bank-site-image.webp "Auction Purchaser Cannot Claim Reclassification of NPA if it affects Financial Creditors Rights: NCLAT rules in favour of IDBI Bank [Read Order]")
Auction Purchaser Cannot Claim Reclassification of NPA if it affects Financial Creditor's Rights: NCLAT rules in favour of IDBI Bank [Read Order]
While disposing of an appeal filed by IDBI Bank Ltd., the National Company Law Appellate Tribunal (Principal Bench, New Delhi) has set aside an order...
![Cash Deposits during Demonetization Period Explained by Bank Withdrawals and “Pin Money” Household Savings: ITAT deletes Addition [Read Order]](https://images.taxscan.in/h-upload/2025/09/09/250x150_2084984-cash-deposits-itat-chennai-demonetization-period-taxscan.webp "Cash Deposits during Demonetization Period Explained by Bank Withdrawals and “Pin Money” Household Savings: ITAT deletes Addition [Read Order]")
![Distribution of Liquidation Proceeds to Secured Creditors Must Be Based on Admitted Claims under IBC S. 53: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Proceedings-under-IBC-Delhi-HC-Insolvency-and-Bankruptcy-Code-taxscan.jpg "Distribution of Liquidation Proceeds to Secured Creditors Must Be Based on Admitted Claims under IBC S. 53: NCLAT [Read Order]")
Relief to IDBI: ITAT Rules Bank Entitled to Full Refund Interest u/s 244A of Income Tax Act [Read Order]
In a significant relief for IDBI Bank, the Income Tax Appellate Tribunal ( ITAT ) of Mumbai ruled that the bank is entitled to the full amount of interest on its tax refund under Section 244A of the...
![Relief to IDBI: ITAT Rules Bank Entitled to Full Refund Interest u/s 244A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-ITAT-ITAT-judgment-IDBI-refund-TAXSCAN.jpg "Relief to IDBI: ITAT Rules Bank Entitled to Full Refund Interest u/s 244A of Income Tax Act [Read Order]")
Parties must be provided with Requisite Documents that form Basis of SCN for proceedings under IBC: Delhi HC [Read Order]
In a recent decision, the Delhi High Court held that the parties must be provided with requisite documents that form basis of the show cause notice ( SCN ) for proceedings under the Insolvency and...
Interest u/s 244A shall be Calculated by first Adjusting Amount of Refund towards Interest Component and Balance left towards Tax Component: ITAT grants relief to IDBI Bank [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) granted relief to the IDBI Bank and held that the interest under Section 244A of the Income Tax Act, 1961 shall be calculated by first...
![Interest u/s 244A shall be Calculated by first Adjusting Amount of Refund towards Interest Component and Balance left towards Tax Component: ITAT grants relief to IDBI Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-grants-relief-to-IDBI-Bank-IDBI-Bank-Tax-Component-Interest-Component-ITAT-grants-relief-TAXSCAN.jpg "Interest u/s 244A shall be Calculated by first Adjusting Amount of Refund towards Interest Component and Balance left towards Tax Component: ITAT grants relief to IDBI Bank [Read Order]")
RBI's UDGAM Portal entrusts 30 Banks, Including SBI, Axis, HDFC to Address Unclaimed Deposits: Check Complete Lists of Banks here [Read Press Release]
The Reserve Bank of India (RBI) has assigned 30 banks with the responsibility of managing unclaimed deposits via the UDGAM portal. On August 17, 2023, the RBI Governor introduced a centralized web...
![RBIs UDGAM Portal entrusts 30 Banks, Including SBI, Axis, HDFC to Address Unclaimed Deposits: Check Complete Lists of Banks here [Read Press Release]](https://www.taxscan.in/wp-content/uploads/2023/10/RBI-UDGAM-Portal-entrusts-30-Banks-Including-SBI-Axis-HDFC-Address-Deposits-Check-Complete-Lists-Banks-TAXSCAN.jpg "RBIs UDGAM Portal entrusts 30 Banks, Including SBI, Axis, HDFC to Address Unclaimed Deposits: Check Complete Lists of Banks here [Read Press Release]")
Bank Fraud: CBI Court Convicts Nine Accused Including Then Assistant General Manager, IDBI Bank & Others for Causing Loss Of Rs.99.21 Lakh
The Special Judge, CBI Cases, Visakhapatnam has convicted 9 accused including then AGM, Assistant Manager, both of IDBI Bank, 5 private persons & 2 private firms. The Court sentenced Sri...
Bank Fraud: CBI Court Convicts Two Officials Including Then AGM of IDBI Bank To 2 Years’ Rigorous Imprisonment
The Special Judge, CBI Cases, Visakhapatnam has sentenced Shri Surendranath Datti, then Assistant General Manager-cum-Centre Head, IDBI Bank Ltd., Vizag Retail Asset Centre, Siripuram Junction,...
