Withdrawal of Liquidation Application can be Accepted if CoC Permits RP to File Application for CIRP Time Extension: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) New Delhi has held that when the CoC has already taken decision to file an application for...
Security Interest shall Stand Relinquished On Default Payment of Liquidation Costs as per 21A(3) of Liquidation Regulations: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT) has held that if the secured creditor fails to pay the liquidation costs within 90 days after its intention to realise the...
Proceedings Under SARFAESI Act Initiated Prior to Filing Petition u/s 10 of IBC Cannot Be Termed Fraudulent: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that proceeding under Section 13, sub-section (2) and (4) of the Securitisation and Reconstruction of Financial...
Non-Compliance of Conditions for Export of Banned Non Basmati White Rice: Delhi HC dismisses Writ Petition [Read Order]
The Delhi High Court upheld the decision of the single bench holding that the exporter cannot be permitted to export banned non- basmati white rice, due to the non-fulfilment of the conditions...
Gross Income of Spouse can be Disclosed Citing Right of Matrimonial Case Pending before Judicial Court u/s 8(1) (j) of RTI Act: CIC
The Central Information Commission ( CIC ) ruled that gross income of spouse can be disclosed citing right of matrimonial case pending before judicial court under Section 8(1) (j) of Right to...
Non-taking of inputs, capital goods, credits, or benefit of notification number suffices for service tax exemption: CESTAT [Read Order]
The Delhi Bench of the Customs, Excise and Service tax Appellate Tribunal (CESTAT) observed that Non-taking of inputs, capital goods, credits, or benefit of notification number suffices for service...
Penalty u/s 114 A of Customs Act, Person Liable to Duty would be Liable to Penalty Equal to Duty: CESTAT rules in Favour of IBM [Read Order]
In the case of IBM India Pvt Ltd, the Bangalore bench of the Customs, Excise and Service Tax Appellate Tribunal(CESTAT) has held that Penalty under section 114 A of the Customs Act, 1962 would be...
Alleged Clandestine Production Vague and Unsupported by Prescribed Norms: CESTAT quashes Excise Duty demand [Read Order]
The Hyderabad Bench of the Customs Excise and Service Tax Appellate Tribunal (CESTAT) observed that Alleged Clandestine Production Vague and Unsupported by Prescribed Norms and thereby quashed the...
