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NCLAT Sets Aside Private Sale of Corporate Power Ltd, Directs Liquidator to Hold Fresh Swiss Challenge Auction with EMD Capped at 10% of ₹265 Cr Reserve Price
The National Company Law Appellate Tribunal (NCLAT), Principal Bench at New Delhi, has issued a significant ruling in the liquidation of...
![Bank Cannot Cancel E-Auction After Confirming Sale: DRAT Calls Bank of Barodas Act Illegal [Read Order]](https://images.taxscan.in/h-upload/2025/11/28/250x150_2108505-e-auction-drat-bank-of-baroda-act-illegal-taxscan.webp "Bank Cannot Cancel E-Auction After Confirming Sale: DRAT Calls Bank of Barodas Act Illegal [Read Order]")
![Gujarat HC Approves Revised E-Auction of Mahendra Mills Assets at Reduced Price [Read Order]](https://images.taxscan.in/h-upload/2025/11/20/250x150_2106856-gujarat-high-court-e-aution-mahendra-mills-taxscan.webp "Gujarat HC Approves Revised E-Auction of Mahendra Mills Assets at Reduced Price [Read Order]")
Recovery of Property Tax: Municipal Corporation cannot have First Charge over Property sold through E-Auction by Liquidator, rules Gujarat HC [Read Order]
The High Court Gujarat has held that in case of recovery of property tax, Municipal Corporation cannot have first charge over property sold through E-Auction by liquidator. The applicant, M/S...
Power of Seizure of Goods can be resorted to only when the Officer has ‘reasons to believe’ the goods are liable to confiscation: Allahabad HC [Read Order]
The Allahabad High Court while ordering the release of the goods and vehicles held that the power of seizure of goods can be resorted to only when the officer has ‘reasons to believe’ that the goods...
![Power of Seizure of Goods can be resorted to only when the Officer has ‘reasons to believe’ the goods are liable to confiscation: Allahabad HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/Power-of-Seizure-of-Goods-reasons-to-believe-goods-confiscation-Taxscan.jpg "Power of Seizure of Goods can be resorted to only when the Officer has ‘reasons to believe’ the goods are liable to confiscation: Allahabad HC [Read Order]")
First SC Order on GST: Lessee should collect GST on Sale Value of Mineral purchased in the E-Auction & can Claim IPT [Read Order]
After hearing an amicus curies filed by Samaj Parivartana Samudaya & Ors, the Supreme Court of India directed that the buyer of the mineral purchased in the e-auction shall pay Goods and Services...
![First SC Order on GST: Lessee should collect GST on Sale Value of Mineral purchased in the E-Auction & can Claim IPT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/Supreme-Court-of-India-Taxscan-min.jpg "First SC Order on GST: Lessee should collect GST on Sale Value of Mineral purchased in the E-Auction & can Claim IPT [Read Order]")