Relief to Punjab National Bank : DRAT Directs Fresh adjudication on submission of Additional Evidence Taken under Securitization Application
The Kolkata bench of the Debts Recovery Appellate Tribunal ( DRAT ) in a ruling in favour of Punjab National Bank has directed the fresh...
Remedy for Proceedings Lies before DRT on Initiation of Proceedings u/s 13(4) of SARFAESI Act: HP HC [Read Order]
In a recent decision the Himachal Pradesh High Court ruled that the remedy for proceedings lies before the Debt Recovery Tribunal (DRT) on initiation of proceedings under Section 13(4) of the...
![Remedy for Proceedings Lies before DRT on Initiation of Proceedings u/s 13(4) of SARFAESI Act: HP HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Remedy-Proceedings-Lies-before-DRT-on-Initiation-of-Proceedings-SARFAESI-Act-HP-HC-TAXSCAN.jpg "Remedy for Proceedings Lies before DRT on Initiation of Proceedings u/s 13(4) of SARFAESI Act: HP HC [Read Order]")
Non-Registration of Mortgage, hypothecation of Security Interest created by virtue of DRT Judgment can’t be classified as Unsecured Creditor: NCLAT [Read Order]
The Delhi Bench of National Company Law Appellate Tribunal (NCLAT) held that Non-registration of mortgage, hypothecation of security interest created by virtue of Debt Recovery Tribunal judgment...
![Non-Registration of Mortgage, hypothecation of Security Interest created by virtue of DRT Judgment can’t be classified as Unsecured Creditor: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/NCLAT-Non-registration-of-mortgage-DRT-judgment-taxscan.jpg "Non-Registration of Mortgage, hypothecation of Security Interest created by virtue of DRT Judgment can’t be classified as Unsecured Creditor: NCLAT [Read Order]")
Bombay High Court quashes Notices restraining Transfer of Property for alleged Non-Payment of Excise duty [Read Judgment]
The Bombay High Court quashed the Notices restraining the transfer of property for alleged non-payment of Excise duty. The Petitioner, M/s Runwal Constructions is a Partnership firm registered...
![Bombay High Court quashes Notices restraining Transfer of Property for alleged Non-Payment of Excise duty [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/04/Bombay-High-Court-Notices-transfer-of-property-Excise-duty-Taxscan.jpg "Bombay High Court quashes Notices restraining Transfer of Property for alleged Non-Payment of Excise duty [Read Judgment]")
Govt. notifies Tribunal Reforms (Rationalisation and Conditions of Service), Ordinance 2021 to reduce Tenure of Tribunal Members, their appointment [Read Notification]
The Ministry of Law and Justice has notified the Tribunal Reforms (Rationalisation and Conditions of Service), Ordinance 2021 to reduce Tenure of Tribunal Members, their appointment. The Tribunal...
![Govt. notifies Tribunal Reforms (Rationalisation and Conditions of Service), Ordinance 2021 to reduce Tenure of Tribunal Members, their appointment [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/04/Tribunal-Reforms-Rationalisation-Conditions-of-Service-Ordinance-2021-Tenure-of-Tribunal-Members-Taxscan.jpg "Govt. notifies Tribunal Reforms (Rationalisation and Conditions of Service), Ordinance 2021 to reduce Tenure of Tribunal Members, their appointment [Read Notification]")
Principal Borrower need not be 'Corporate Person' for Insolvency Process to be initiated against Corporate Guarantor: Supreme Court [Read Judgment]
The Supreme Court ruled that the Insolvency Process Maintainable Against Corporate Guarantors even if the principal borrower is not a 'Corporate Person'. The respondent bank, Union Bank of India...
![Principal Borrower need not be Corporate Person for Insolvency Process to be initiated against Corporate Guarantor: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Principal-borrower-corporate-person-insolvency-process-Corporate-Guarantor-Supreme-Court-taxscan.jpeg "Principal Borrower need not be Corporate Person for Insolvency Process to be initiated against Corporate Guarantor: Supreme Court [Read Judgment]")
Crisis due to non-recovery of Bank Dues a 'Reasonable Cause' for not producing documents during Assessment: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Jaipur Bench ruled that the crisis due to non-recovery of Bank Dues is a 'Reasonable Cause' for not producing documents during Assessment. The assessee,...
![Crisis due to non-recovery of Bank Dues a Reasonable Cause for not producing documents during Assessment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/non-recovery-of-Bank-Dues-Assessment-ITAT-Taxscan.jpg "Crisis due to non-recovery of Bank Dues a Reasonable Cause for not producing documents during Assessment: ITAT [Read Order]")
SC directs DRT to Transmit Rent received from Property attached to the Amrapali Account [Read Order]
The Supreme Court of India recently directed the Debt Recovery Tribunal (DRT) to transmit the rent which they have received from property that has been attached to the Amrapali Account maintained by...
![SC directs DRT to Transmit Rent received from Property attached to the Amrapali Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Anti-Profiteering-Measure-Supreme-Court-Taxscan.jpg "SC directs DRT to Transmit Rent received from Property attached to the Amrapali Account [Read Order]")