Begin typing your search above and press return to search.
Non-Consecutive Minutes Book Numbering: MCA Penalises L&T Employees Welfare Foundation and its Director
The Ministry of Corporate Affairs (MCA) has imposed a penalty on L&T Employees Welfare Foundation Private Limited for violating Section 118 of...
![Dues Payable to Secured Creditors are at Higher Footing Than Electricity Dues: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2023/07/Dues-Payable-Secured-Creditors-Higher-Footing-Electricity-Dues-Supreme-Court-TAXSCAN.jpg "Dues Payable to Secured Creditors are at Higher Footing Than Electricity Dues: Supreme Court [Read Judgment]")
![VAT and Sales Tax Dues have no Priority over Dues of Secure Creditors who Exercise Powers under the SARFAESI Act: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/VAT-Sales-Tax-Sales-Tax-Dues-Dues-Secure-Creditors-Creditors-SARFAESI-Act-Gujarat-High-Court-Taxscan.jpg "VAT and Sales Tax Dues have no Priority over Dues of Secure Creditors who Exercise Powers under the SARFAESI Act: Gujarat HC [Read Order]")
![Forex Loss from Trade Debtors/Creditors is Operating in Nature, No Tax Deduction: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Forex-Loss-from-Trade-Debtors-Creditors-is-Operating-in-Nature-No-Tax-Deduction-ITAT-TAXSCAN.jpg "Forex Loss from Trade Debtors/Creditors is Operating in Nature, No Tax Deduction: ITAT [Read Order]")
![‘Operational Creditors’ can claim only Money that is payable as per Section 53 of IBC: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Operational-Creditors-can-claim-only-Money-that-is-payable-IBC-NCLT-TAXSCAN.jpg "‘Operational Creditors’ can claim only Money that is payable as per Section 53 of IBC: NCLT [Read Order]")
Proof of Source of Money and Identity of Creditors by Assessee: ITAT upholds deletion of Income Tax Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Chennai upheld the deletion of addition on proof of source of money and identity of creditors by assessee. The assessee, M/s. Sporting Pastime India Ltd...
![Proof of Source of Money and Identity of Creditors by Assessee: ITAT upholds deletion of Income Tax Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/Source-of-Money-Creditors-ITAT-Income-Tax-Addition-taxscan.jpg "Proof of Source of Money and Identity of Creditors by Assessee: ITAT upholds deletion of Income Tax Addition [Read Order]")
![Assessee failed to prove Creditworthiness of Creditors: ITAT upholds Addition u/s 68 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Assessee-Creditworthiness-Creditors-ITAT-taxscan.jpeg "Assessee failed to prove Creditworthiness of Creditors: ITAT upholds Addition u/s 68 [Read Order]")
Creditors can't initiate proceedings to Recover Claims which are not part of approved Resolution Plan under IBC: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Chennai Bench ruled that Creditors cannot initiate proceedings to recover claims which are not part of the approved resolution plan. The...
![Creditors cant initiate proceedings to Recover Claims which are not part of approved Resolution Plan under IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Creditors-IBC-NCLAT-Taxscan.jpg "Creditors cant initiate proceedings to Recover Claims which are not part of approved Resolution Plan under IBC: NCLAT [Read Order]")
Creditors can’t Initiate Proceedings to Recover Claims not a part of Resolution Plan: Supreme Court [Read Judgment]
The Supreme Court while upholding the “Clean Slate Theory” ruled that creditors can not initiate Proceedings to recover claims not a part of the Resolution Plan. The issue raised in this case was...
![Creditors can’t Initiate Proceedings to Recover Claims not a part of Resolution Plan: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/04/Creditors-Resolution-Plan-Supreme-Court-Taxscan-opengraph.jpeg "Creditors can’t Initiate Proceedings to Recover Claims not a part of Resolution Plan: Supreme Court [Read Judgment]")
![IBBI notifies Information Utilities (Amendment) Regulations, 2020 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/11/IBBI-Information-Utilities-Amendment-Taxscan.jpg "IBBI notifies Information Utilities (Amendment) Regulations, 2020 [Read Notification]")