![Reassignment of Reliance Bhutan Loan to Dissenting Creditors Invalid: NCLAT Dismisses Bank of Baroda Appeal [Read Order]](https://images.taxscan.in/h-upload/2026/02/25/2127029-reassignment-reliance-bhutan-loan-dissenting-creditors-invalid-nclat-taxscan.webp "Reassignment of Reliance Bhutan Loan to Dissenting Creditors Invalid: NCLAT Dismisses Bank of Baroda Appeal [Read Order]")
Reassignment of Reliance Bhutan Loan to Dissenting Creditors Invalid: NCLAT Dismisses Bank of Baroda Appeal [Read Order]
The National Company Law Appellate Tribunal (NCLAT) rejected the appeal filed by Bank of Baroda holding that the reallocation of the Reliance Bhutan...
![CoC Cannot Modify Distribution Mechanism After Approval of Resolution Plan: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/25/2127017-coc-cannot-modify-distribution-mechanism-after-approval-resolution-plan-nclat-taxscan.webp "CoC Cannot Modify Distribution Mechanism After Approval of Resolution Plan: NCLAT [Read Order]")
![Auction Purchaser Cannot Claim Reclassification of NPA if it affects Financial Creditors Rights: NCLAT rules in favour of IDBI Bank [Read Order]](https://images.taxscan.in/h-upload/2025/11/19/2106655-idbi-bank-site-image.webp "Auction Purchaser Cannot Claim Reclassification of NPA if it affects Financial Creditors Rights: NCLAT rules in favour of IDBI Bank [Read Order]")
![Cash Deposits during Demonetization Period Explained by Bank Withdrawals and “Pin Money” Household Savings: ITAT deletes Addition [Read Order]](https://images.taxscan.in/h-upload/2025/09/09/2084984-cash-deposits-itat-chennai-demonetization-period-taxscan.webp "Cash Deposits during Demonetization Period Explained by Bank Withdrawals and “Pin Money” Household Savings: ITAT deletes Addition [Read Order]")
Distribution of Liquidation Proceeds to Secured Creditors Must Be Based on Admitted Claims under IBC S. 53: NCLAT [Read Order]
According to a ruling by the National Company Law Appellate Tribunal ( NCLAT ) in New Delhi, liquidation profits cannot be allocated based on the security interests of various secured creditors;...
![Distribution of Liquidation Proceeds to Secured Creditors Must Be Based on Admitted Claims under IBC S. 53: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Proceedings-under-IBC-Delhi-HC-Insolvency-and-Bankruptcy-Code-taxscan.jpg "Distribution of Liquidation Proceeds to Secured Creditors Must Be Based on Admitted Claims under IBC S. 53: NCLAT [Read Order]")
RP cannot accept any claim after Lapse of Extended Period of 90 days of Insolvency Commencement Date: NCLAT [Read Order]
In a significant case, the Principal bench of National Company Law Appellate Tribunal ( NCLAT ), held that Resolution Professional ( RP ) cannot accept any claim after the lapse of extended period of...
Relief to IDBI: ITAT Rules Bank Entitled to Full Refund Interest u/s 244A of Income Tax Act [Read Order]
In a significant relief for IDBI Bank, the Income Tax Appellate Tribunal ( ITAT ) of Mumbai ruled that the bank is entitled to the full amount of interest on its tax refund under Section 244A of the...
![Relief to IDBI: ITAT Rules Bank Entitled to Full Refund Interest u/s 244A of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Income-Tax-ITAT-ITAT-judgment-IDBI-refund-TAXSCAN.jpg "Relief to IDBI: ITAT Rules Bank Entitled to Full Refund Interest u/s 244A of Income Tax Act [Read Order]")
Parties must be provided with Requisite Documents that form Basis of SCN for proceedings under IBC: Delhi HC [Read Order]
In a recent decision, the Delhi High Court held that the parties must be provided with requisite documents that form basis of the show cause notice ( SCN ) for proceedings under the Insolvency and...
Interest u/s 244A shall be Calculated by first Adjusting Amount of Refund towards Interest Component and Balance left towards Tax Component: ITAT grants relief to IDBI Bank [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) granted relief to the IDBI Bank and held that the interest under Section 244A of the Income Tax Act, 1961 shall be calculated by first...
![Interest u/s 244A shall be Calculated by first Adjusting Amount of Refund towards Interest Component and Balance left towards Tax Component: ITAT grants relief to IDBI Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/ITAT-grants-relief-to-IDBI-Bank-IDBI-Bank-Tax-Component-Interest-Component-ITAT-grants-relief-TAXSCAN.jpg "Interest u/s 244A shall be Calculated by first Adjusting Amount of Refund towards Interest Component and Balance left towards Tax Component: ITAT grants relief to IDBI Bank [Read Order]")
RBI's UDGAM Portal entrusts 30 Banks, Including SBI, Axis, HDFC to Address Unclaimed Deposits: Check Complete Lists of Banks here [Read Press Release]
The Reserve Bank of India (RBI) has assigned 30 banks with the responsibility of managing unclaimed deposits via the UDGAM portal. On August 17, 2023, the RBI Governor introduced a centralized web...
![RBIs UDGAM Portal entrusts 30 Banks, Including SBI, Axis, HDFC to Address Unclaimed Deposits: Check Complete Lists of Banks here [Read Press Release]](https://www.taxscan.in/wp-content/uploads/2023/10/RBI-UDGAM-Portal-entrusts-30-Banks-Including-SBI-Axis-HDFC-Address-Deposits-Check-Complete-Lists-Banks-TAXSCAN.jpg "RBIs UDGAM Portal entrusts 30 Banks, Including SBI, Axis, HDFC to Address Unclaimed Deposits: Check Complete Lists of Banks here [Read Press Release]")