Supreme Court and High Courts Weekly Roundup
Supreme Court issues Notice to Income Tax Dept in Tamil Actor-Director SJ Suryah’s Plea against Prosecution for non-filing of ITR S.J. SURYAH vs THE...
Airport Authority of India Is a Statutory Body, Does Not Fall within Scope of a Corporate Person under IBC: NCLT [Read Order]
The National Company Law Tribunal (NCLT) of Hyderabad held that the Airport Authority of India Is a Statutory Body and does Not Fall within the Scope of a Corporate Person under the Insolvency...
![Kerala GST Department issues SOP for IBC cases before NCLT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/11/Kerala-GST-Department-GST-Department-SOP-IBC-NCLT-taxscan.jpg "Kerala GST Department issues SOP for IBC cases before NCLT [Read Notification]")
Revenue Failed to lodge Claim under IBC before RP Notice Demanding Income Tax not valid: Delhi HC Rules in favour of Tata Steel Ltd [Read Order]
In the case of Tata Steel Limited, the Delhi High Court held that revenue failed to lodge a claim under the Insolvency Bankruptcy Code (IBC) before the Resolution Process(RP) notice demanding income...
![Revenue Failed to lodge Claim under IBC before RP Notice Demanding Income Tax not valid: Delhi HC Rules in favour of Tata Steel Ltd [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Revenue-lodge-Claim-IBC-RP-Notice-Demanding-Income-Tax-Delhi-HC-Tata-Steel-Ltd-taxscan-1.jpg "Revenue Failed to lodge Claim under IBC before RP Notice Demanding Income Tax not valid: Delhi HC Rules in favour of Tata Steel Ltd [Read Order]")
No Appellate Role for Courts Over Govt-Appointed Experts in Board Decisions unless there is Gross Miscarriage of Justice: Delhi HC dismisses Writ Petition against IBBI [Read Order]
The writ petition filed against the Insolvency and Bankruptcy Board of India (IBBI) has been dismissed by a Single bench, Justice Subramonium Prasad of the Delhi High Court. The court's decision...
IBBI Calls for Suggestions to Simplify, Ease and Reduce Cost of Compliance of Regulations notified under IBC, 2016
In line with the Union Budget for the fiscal year 2023-24, wherein the Union Finance Minister outlined the imperative need to streamline, simplify, and reduce the cost of compliance, the Insolvency...
Central Government Excludes Aircraft-Related Transactions under the Purview of Section 14(1) of Insolvency and Bankruptcy Code [Read Notification]
The Ministry of Corporate Affairs, vide notification no. S.O. 4321(E) issued on 4th October 2023 has notified the exclusion of aircraft related transactions, arrangements or agreements under the...
