![S10A and S14 of IBC Do Not Bar Insolvency Proceedings against Personal Guarantors: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/16/500x300_2120100-whatsapp-image-2026-01-16-at-42022-pm.webp "S10A and S14 of IBC Do Not Bar Insolvency Proceedings against Personal Guarantors: NCLAT [Read Order]")
S10A and S14 of IBC Do Not Bar Insolvency Proceedings against Personal Guarantors: NCLAT [Read Order]
In a recent decision, the National Company Law Appellate Tribunal (NCLAT) bench ruled that the moratorium under Section 14 and the suspension...
![Pre-March 2020 Default Not Protected by S.10A Despite Contractual Cure Period: NCLAT upholds CIRP Admission [Read Order]](https://images.taxscan.in/h-upload/2026/01/08/250x150_2117832-nclat-upholds-cirp-admission-taxscan.jfif "Pre-March 2020 Default Not Protected by S.10A Despite Contractual Cure Period: NCLAT upholds CIRP Admission [Read Order]")
![Delay of 304 Days in Filing INC‑20A: MCA Imposes Penalty of ₹50k on Company and ₹1 Lakh on Director [Read Order]](https://images.taxscan.in/h-upload/2026/01/07/250x150_2117535-delay-of-304-days-in-filing-inc-taxscan.webp "Delay of 304 Days in Filing INC‑20A: MCA Imposes Penalty of ₹50k on Company and ₹1 Lakh on Director [Read Order]")
![Contractual Cure Periods Do Not Shift the Date of Default for Section 10A Purposes: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/01/250x150_2116493-contractual-cure-periods-do-not-shift-date-default-section-10a-purposes-nclat-taxscan.webp "Contractual Cure Periods Do Not Shift the Date of Default for Section 10A Purposes: NCLAT [Read Order]")
![No CIRP for COVID-Period Default: NCLAT Affirms NCLT Order Rejecting Application u/s 10A [Read Order]](https://images.taxscan.in/h-upload/2025/12/10/250x150_2111279-nclat-affirms-nclt-order-rejecting-application-taxscan.jfif "No CIRP for COVID-Period Default: NCLAT Affirms NCLT Order Rejecting Application u/s 10A [Read Order]")
Scrap Sales & Incidental Receipts Linked to Eligible Undertaking Qualify for S.10A Deduction: Madras HC Rules in Favour of Cognizant [Read Order]
The Madras High Court in a recent case, has ruled that miscellaneous income, including scrap sales and interest on loans given to employees linked to eligible undertakings, qualifies for deduction...
![Scrap Sales & Incidental Receipts Linked to Eligible Undertaking Qualify for S.10A Deduction: Madras HC Rules in Favour of Cognizant [Read Order]](https://images.taxscan.in/h-upload/2025/12/03/500x300_2109830-madras-hc-rules-cognizan-taxscan.webp "Scrap Sales & Incidental Receipts Linked to Eligible Undertaking Qualify for S.10A Deduction: Madras HC Rules in Favour of Cognizant [Read Order]")
STPI Unit Losses Form Part of Total Income: Madras HC allows Set-Off u/s 10A/10B of IT Act against other Profits [Read Order]
The Madras High Court in a recent case of Cognizant Technology Solutions India Pvt. Ltd has ruled that losses incurred by Software Technology Parks in India (STPI) units form part of the assessee’s...
![STPI Unit Losses Form Part of Total Income: Madras HC allows Set-Off u/s 10A/10B of IT Act against other Profits [Read Order]](https://images.taxscan.in/h-upload/2025/12/03/500x300_2109845-stpi-total-income-madras-hc-it-act-profits-taxscan.webp "STPI Unit Losses Form Part of Total Income: Madras HC allows Set-Off u/s 10A/10B of IT Act against other Profits [Read Order]")
NCLTÂ is Empowered to Allow Amending Pleadings before Final Orders in CIRP Proceedings: NCLAT [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) has held that the National Company Law Tribunal (NCLT) is empowered to allow the parties to amend the pleadings before the final orders in...
Petition u/s 7 of IBC Can be Admit on Default Committed Prior To S.10A Period: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has found that date of default has been noted in the NeSL portalon a date which is much prior to Section 10A period and held...
Reassessment Proceedings cannot be in Nature of Review: Karnataka HC quashes Re-Assessment Notice issued under Income Tax Act [Read Order]
The Karnataka High Court quashed a reassessment notice issued under the Income Tax Act, 1961, and observed that the reassessment proceedings cannot be in the nature of review. The petitioner, EIT...
![Reassessment Proceedings cannot be in Nature of Review: Karnataka HC quashes Re-Assessment Notice issued under Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Karnataka-High-Court-Income-Tax-Act-reassessment-notice-TAXSCAN.jpg "Reassessment Proceedings cannot be in Nature of Review: Karnataka HC quashes Re-Assessment Notice issued under Income Tax Act [Read Order]")
Bar under Section 10A IBC on initiation of CIRP applies retrospectively, Even if CIRP Application Filed Before introduction of Section 10A: Supreme Court [Read Judgment]
The Supreme Court held that Section 10A of the Insolvency and Bankruptcy Code (IBC) bars initiation of the Corporate Insolvency Resolution Process (CIRP) with respect to a default that occurred on or...
![Bar under Section 10A IBC on initiation of CIRP applies retrospectively, Even if CIRP Application Filed Before introduction of Section 10A: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/02/Bar-IBC-CIRP-CIRP-Application-Filed-Supreme-Court-Taxscan-1.jpg "Bar under Section 10A IBC on initiation of CIRP applies retrospectively, Even if CIRP Application Filed Before introduction of Section 10A: Supreme Court [Read Judgment]")