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![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/2025/11/19/500x300_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]")
Auction Purchaser Cannot Claim Reclassification of NPA if it affects Financial Creditor's Rights: NCLAT rules in favour of IDBI Bank [Read Order]
While disposing of an appeal filed by IDBI Bank Ltd., the National Company Law Appellate Tribunal (Principal Bench, New Delhi) has set aside an order...
![DRT Order Setting aside NPA Classification Does not Negate Existence of Financial Debt: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/DRT-NPA-Classification-NCLT-TAXSCAN.jpg "DRT Order Setting aside NPA Classification Does not Negate Existence of Financial Debt: NCLT [Read Order]")
Departments of State including Excise and Revenue do not have Priority over Secured Creditors Debt: HP HC [Read Order]
In a significant ruling the Himachal Pradesh High Court observed that the departments of the State including Excise and Revenue do not have priority over secured creditors debt. The question in...
![Departments of State including Excise and Revenue do not have Priority over Secured Creditors Debt: HP HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Excise-Revenue-Creditors-Debt-HP-High-Court-Himachal-Pradesh-High-Court-Secured-Creditors-taxscan.jpg "Departments of State including Excise and Revenue do not have Priority over Secured Creditors Debt: HP HC [Read Order]")
Relief to SBI, Disallowing Registration of Sale Certificate and Mutation Dehors Provision of SARFAESI Act: Himachal Pradesh HC [Read Order]
As a relief to the State Bank of India (SBI), the Himachal Pradesh High Court has held that disallowing registration of sale certificates and mutation dehors provision of the Securitisation and...
Revision u/s 263 without any Tangible Material is not Valid: Gujarat HC sets aside Proceedings against Axis Bank [Read Order]
The Gujarat High Court has held that the revision under section 263 of the Income Tax Act, 1961 without any tangible material is not valid and set aside the proceedings against Axis Bank. The...
![Revision u/s 263 without any Tangible Material is not Valid: Gujarat HC sets aside Proceedings against Axis Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Revision-Tangible-Material-Material-Gujarat-High-Court-Proceedings-Axis-Bank-Taxscan.jpg "Revision u/s 263 without any Tangible Material is not Valid: Gujarat HC sets aside Proceedings against Axis Bank [Read Order]")
![Provisions of Book Profit not applicable to Banking Companies: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/Provisions-Book-Profit-Banking-Companies-ITAT-Taxscan.jpg "Provisions of Book Profit not applicable to Banking Companies: ITAT [Read Order]")
