Revival of Corporate Debtor is Primary Goal of Resolution Plan and going concern Sale: NCLT [Read Order]
The Kolkata Bench of the National Company Law Tribunal ( NCLT ) held that the primary goal of the Resolution Plan as well as the sale of a Corporate...
![Settlement in Section 7 or Dropping of Sec. 66 Proceedings does not Automatically End Proceedings under Section 43: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/NCLT-NCLT-Mumbai-National-Company-Law-Tribunal-Insolvency-and-Bankruptcy-Code-IBC-TAXSCAN.jpg "Settlement in Section 7 or Dropping of Sec. 66 Proceedings does not Automatically End Proceedings under Section 43: NCLT [Read Order]")
![Pending Insolvency Proceedings before NCLT: ITAT orders Jet Airways to pay costs of Rs 25,000 to PM Relief Fund [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/ITAT-ITAT-Mumbai-NCLT-Jet-Airways-PM-Relief-Fund-Insolvency-Proceedings-TAXSCAN.jpg "Pending Insolvency Proceedings before NCLT: ITAT orders Jet Airways to pay costs of Rs 25,000 to PM Relief Fund [Read Order]")
Date of Default of Corporate Guarantor is Independent of Principal Borrower's Date of Default: NCLT [Read Order]
The Mumbai Bench of the National Company Law Tribunal ( NCLT ) ruled that the date of default of corporate guarantor is independent of the principal borrower's date of default. The Company...
![Date of Default of Corporate Guarantor is Independent of Principal Borrowers Date of Default: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/NCLT-NCLT-Mumbai-Corporate-Guarantor-Date-of-loan-agreements-Borrower-Principal-Borrower-TAXSCAN.jpg "Date of Default of Corporate Guarantor is Independent of Principal Borrowers Date of Default: NCLT [Read Order]")
Application filed u/s 9 of IBC not maintainable for claim on non-delivery of export due to Pre-existing dispute: NCLT [Read Order]
The Allahabad bench of the National Company Law Tribunal ( NCLT ) has held that the application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 ( IBC ) is not maintainable for claim...
Foreign Exchange Loss cannot be Included in Cost of Project: ITAT directs to allow a Deduction [Read Order]
In a recent case, the Income Tax Appellate Tribunal (ITAT) observed that foreign exchange loss cannot be included in the cost of the project and allowed it as a Deduction. M/s Macrotech Developers...
![Foreign Exchange Loss cannot be Included in Cost of Project: ITAT directs to allow a Deduction [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Foreign-Exchange-Loss-Cost-of-Project-ITAT-Deduction-TAXSCAN.jpg "Foreign Exchange Loss cannot be Included in Cost of Project: ITAT directs to allow a Deduction [Read Order]")
Claim of 50 % Depreciation on Sample Flat used for less than 180 Days is Allowable: ITAT deletes Disallowance [Read Order]
The Income Tax Appellate Tribunal (ITAT) observed that the claim of 50 % depreciation on a sample flat used for less than 180 days is allowable and deleted the disallowance. It was found that the...
![Claim of 50 % Depreciation on Sample Flat used for less than 180 Days is Allowable: ITAT deletes Disallowance [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Claim-of-50-Depreciation-Sample-Flat-ITAT-Disallowance-TAXSAN.jpg "Claim of 50 % Depreciation on Sample Flat used for less than 180 Days is Allowable: ITAT deletes Disallowance [Read Order]")
