![NCLT Upholds Rs. 1.03 Crore Operational Debt Despite 24% Interest Challenge, Initiates CIRP u/s 9 [Read Order]](https://images.taxscan.in/h-upload/2025/10/22/500x300_2099040-operational-debt-taxscan.webp "NCLT Upholds Rs. 1.03 Crore Operational Debt Despite 24% Interest Challenge, Initiates CIRP u/s 9 [Read Order]")
NCLT Upholds Rs. 1.03 Crore Operational Debt Despite 24% Interest Challenge, Initiates CIRP u/s 9 [Read Order]
The Ahmedabad bench of the National Company Law Tribunal (NCLT) held that under Section 9(5) of the IBC, 2016, a dispute limited to interest does...
![Cheque Bounce Cases Fail if Demand Notice Mentions Wrong Amount: Supreme Court [Read Order]](https://images.taxscan.in/h-upload/2025/09/24/250x150_2090272-cheque-bounce-cases-taxscan.webp "Cheque Bounce Cases Fail if Demand Notice Mentions Wrong Amount: Supreme Court [Read Order]")
![Income Tax Appeal on Demand Notice issued Pending before ITAT: Calcutta HC Directs to dispose expeditiously [Read Order]](https://images.taxscan.in/h-upload/2025/09/18/250x150_2088403-2075542-income-tax-order.webp "Income Tax Appeal on Demand Notice issued Pending before ITAT: Calcutta HC Directs to dispose expeditiously [Read Order]")
![Relief to Karnataka Bank Ltd: DRAT upholds order on finding affixture of sale notice was not proved [Read Order]](https://images.taxscan.in/h-upload/2025/08/26/250x150_2080726-karnataka-bank-taxscan.webp "Relief to Karnataka Bank Ltd: DRAT upholds order on finding affixture of sale notice was not proved [Read Order]")
![DRAT directs Borrowers to pay to Canara Bank Rs.10.50 Cr towards Loan Due [Read Order]](https://images.taxscan.in/h-upload/2025/08/26/250x150_2080725-drat-canara-bank-loan-due-drat-order-loan-due-of-canara-bank-taxscan.webp "DRAT directs Borrowers to pay to Canara Bank Rs.10.50 Cr towards Loan Due [Read Order]")
Borrower must disclose being MSME to Avail Benefit: Supreme Court clarifies in MSME-SARFAESI Connected Case [Read Order]
The Supreme Court has recently declined to entertain a writ petition by an MSME borrower seeking to halt SARFAESI enforcement, while clarifying how the 2015 MSME revival framework and the SARFAESI...
![Borrower must disclose being MSME to Avail Benefit: Supreme Court clarifies in MSME-SARFAESI Connected Case [Read Order]](https://images.taxscan.in/h-upload/2025/08/11/500x300_2075589-supreme-court-sarfaesi-msme-taxscan.webp "Borrower must disclose being MSME to Avail Benefit: Supreme Court clarifies in MSME-SARFAESI Connected Case [Read Order]")
Protection of IBC is only applicable to corporate debtors and not to Person Who drawn cheque in Individual capacity: Allahabad HC [Read Order]
The Allahabad high court held that protection of Insolvency Bankruptcy Code (IBC), 2016 is only applicable to corporate debtors and not to persons who draw cheques in Individual capacity. The court...
![Protection of IBC is only applicable to corporate debtors and not to Person Who drawn cheque in Individual capacity: Allahabad HC [Read Order]](https://images.taxscan.in/h-upload/2025/08/01/500x300_2072117-individual-capacity-corporate-debtors-drawn-cheque-taxscan.webp "Protection of IBC is only applicable to corporate debtors and not to Person Who drawn cheque in Individual capacity: Allahabad HC [Read Order]")
Patna HC Quashes Time-Barred VAT Reassessment Order, Holds Revenue Acted Beyond Jurisdiction [Read Order]
The Patna High Court quashed the time-barred VAT reassessment order, holding that the revenue acted beyond its jurisdiction. In this case, the petitioner, Mukesh Kumar Singh, has approached the...
![Patna HC Quashes Time-Barred VAT Reassessment Order, Holds Revenue Acted Beyond Jurisdiction [Read Order]](https://images.taxscan.in/h-upload/2025/07/15/500x300_2064011-patna-hc-quashes-vat-reassessment-order-taxscan.webp "Patna HC Quashes Time-Barred VAT Reassessment Order, Holds Revenue Acted Beyond Jurisdiction [Read Order]")
NCLT dismisses Canara Bank's Application u/s 95 of IBC on Failure to Prove Claimed Debt of 43 Cr [Read Order]
In a recent case, the Cochin bench of the National Company Law Tribunal (NCLT) dismissed the application filed by Canara Bank under section 95 of the Insolvency and Bankruptcy Code (IBC), 2016, on ...
![NCLT dismisses Canara Banks Application u/s 95 of IBC on Failure to Prove Claimed Debt of 43 Cr [Read Order]](https://images.taxscan.in/h-upload/2025/07/12/500x300_2063046-canara-bank-taxscan.webp "NCLT dismisses Canara Banks Application u/s 95 of IBC on Failure to Prove Claimed Debt of 43 Cr [Read Order]")
Telangana HC Dismisses State Bank of India's Writ Plea: Upholds Auction Invalidation Over SARFAESI Violations [Read Order]
The Telangana High Court dismissed a writ petition filed by the State Bank of India (SBI) seeking to uphold an auction sale of secured assets that had been struck down by the Debt Recovery Appellate...
![Telangana HC Dismisses State Bank of Indias Writ Plea: Upholds Auction Invalidation Over SARFAESI Violations [Read Order]](https://images.taxscan.in/h-upload/2025/07/10/500x300_2062480-sbi-taxscan.webp "Telangana HC Dismisses State Bank of Indias Writ Plea: Upholds Auction Invalidation Over SARFAESI Violations [Read Order]")
Invalidating Sale on ground processing of valuation report as per SARFAESI Act is not Maintainable in Absence of Changes in Valuation: DRAT rules in favour of SBI
The Chennai bench of the Debt Recovery Appellate Tribunal (DRAT) in a ruling in favor of SBI, has held that invalidating sale on ground of processing a valuation report as per the SARFAESI Act is...
Delayed Service of GST Notice Hardcopy: Madras HC Condones 142-Day Delay and Allows Tax Appeal [Read Order]
The Madurai Bench of the Madras High Court has condoned a 142-day delay in filing a GST appeal, due to a delay in receiving the physical demand notice, despite it being uploaded online earlier. ...
![Delayed Service of GST Notice Hardcopy: Madras HC Condones 142-Day Delay and Allows Tax Appeal [Read Order]](https://images.taxscan.in/h-upload/2025/07/02/500x300_2057903-size.webp "Delayed Service of GST Notice Hardcopy: Madras HC Condones 142-Day Delay and Allows Tax Appeal [Read Order]")