![Expired Bank Guarantees Cannot be Sustained in Law: Kerala HC Dispels Customs’ Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Kerala-HC-bank-guarantee-Expired-bank-guarantee-law-Customs-duty-recovery-taxscan.jpg "Expired Bank Guarantees Cannot be Sustained in Law: Kerala HC Dispels Customs’ Claim [Read Order]")
Expired Bank Guarantees Cannot be Sustained in Law: Kerala HC Dispels Customs’ Claim [Read Order]
The Kerala High Court recently held that the Customs Department does not have the liberty to invoke expired bank guarantees to recover any...
![No Right to Bankrupt Individual in Seeking Discharge u/s 138(1) of IBC: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Bankrupt-NCLT-IBC-Bankruptcy-Code-Bankruptcy-Trustee-bankruptcy-proceedings-bankruptcy-term-Section-138-Section-94-NCLAT-Taxscan.jpg "No Right to Bankrupt Individual in Seeking Discharge u/s 138(1) of IBC: NCLT [Read Order]")
![CESTAT Weekly Round-Up [Feb 09 to Feb 14, 2025]](https://www.taxscan.in/wp-content/uploads/2025/02/cestat-Weekly-Round-Up-TAXSCAN.jpeg "CESTAT Weekly Round-Up [Feb 09 to Feb 14, 2025]")
![Excise Order against Liquidated Company is not sustainable: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Excise-Order-Liquidated-Company-sustainable-CESTAT-taxscan.jpg "Excise Order against Liquidated Company is not sustainable: CESTAT [Read Order]")
No Customs Duty Payable by Corporate Debtor on Sale of Floating Dry Dock to Foreign-Buyer During Liquidation: NCLT [Read Order]
The Amravati Bench of the National Company Law Tribunal (NCLT) ruled recently that a corporate debtor is not required to pay customs duty while selling floating dry dock (FDD) to a foreign buyer...
Delay in filing appeal due to pending cases in civil courts and financial struggle: ITAT condones 180 days delay [Read Order]
The Pune Bench of Income Tax Appellate Tribunal (ITAT) condoned the delay of 180 days for delay in filing appeal due to pending cases in civil courts and financial struggle of the assessee. ...
![Delay in filing appeal due to pending cases in civil courts and financial struggle: ITAT condones 180 days delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/TAT-condones-delay-ITAT-Pune-Appeal-delay-due-to-civil-court-cases-ITAT-lenient-on-delay-Delay-condonation-petition-taxscan.jpg "Delay in filing appeal due to pending cases in civil courts and financial struggle: ITAT condones 180 days delay [Read Order]")
![Validity of Revision Order Post-CIRP Approval: ITAT Quashes PCIT Revision Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Validity-of-Revision-Order-Post-CIRP-ITAT-ITAT-Quashes-PCIT-Revision-Order-taxscan.jpg "Validity of Revision Order Post-CIRP Approval: ITAT Quashes PCIT Revision Order [Read Order]")
All Liabilities of Corporate Debtor stand Extinguished after Approval of Resolution Plan: NCLT [Read Order]
The National Company Law Tribunal (NCLT) of Bengaluru bench has held that all claims including subject matter of ongoing arbitration proceedings will stand extinguished after the approval of the...
Share Capital Reduction Does Not Exempt Company From Fulfilling Other Statutory Obligations: NCLT [Read Order]
In a recent ruling, the Ahmedabad bench of National Company Law Tribunal (NCLT) approved a Section 66 application of Companies Act, 2013 filed by the Mahan Industries, seeking confirmation in the...
![Share Capital Reduction Does Not Exempt Company From Fulfilling Other Statutory Obligations: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Share-Capital-NCLT-Fulfilling-Other-Statutory-Obligations-Share-Capital-Reduction-the-Ahmedabad-bench-of-National-Company-Law-Tribunal-Taxscan.jpg "Share Capital Reduction Does Not Exempt Company From Fulfilling Other Statutory Obligations: NCLT [Read Order]")
NCLT cannot Decide on Legality of Closure of Factory under Industrial Dispute Act: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal ( NCLAT )Â has held that the National Company Law Tribunal ( NCLT ) adjudicating authority is not the right forum to decide whether...
