Adjudicating Authority empowered to Extend Payment Timelines under Resolution Plan without Express Concurrence of CoC: NCLAT [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ), New Delhi Bench observed that the adjudicating authority empowered to extend payment timelines...
![Income Tax Dept issues Bank Attachment Notice over PAN Fraud: Madras HC Directs to Approach Appellate Authority [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/03/Income-Tax-Dept-issues-Bank-Attachment-Notice-PAN-Fraud-Madras-HC-Approach-Appellate-Authority-TAXSCAN.jpg "Income Tax Dept issues Bank Attachment Notice over PAN Fraud: Madras HC Directs to Approach Appellate Authority [Read Order]")
Electoral Bonds: SBI to Issue and Encash Electoral Bonds in Phase 29 under Government Authorization w.e.f. 06.11.2023 to 20.11.2023
The Government of India, in the XXIX Phase of the sale, has granted authorization to the State Bank of India (SBI) for the issuance and redemption of Electoral Bonds through its 29 authorized...
SBI Short-Term Deposit rates Applicable to Determine Interest on Trade Receivables u/s 92B(1) of Income Tax Act: ITAT [Read Order]
The Hyderabad Bench of Income Tax Appellate Tribunal (ITAT) has held that the SBI short-term deposit rates would be applicable to determine the interest on trade receivables under Section 92B(1) of...
![SBI Short-Term Deposit rates Applicable to Determine Interest on Trade Receivables u/s 92B(1) of Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/SBI-Short-Term-Deposit-Applicable-Interest-Trade-Receivables-Income-Tax-Act-ITAT-TAXSCAN.jpg "SBI Short-Term Deposit rates Applicable to Determine Interest on Trade Receivables u/s 92B(1) of Income Tax Act: ITAT [Read Order]")
Bank’s “Secured Debts” Prevail Over Revenue’s “First Charge” in Property Recovery, SARFAESI and RDB Acts Override KGST and KVAT Act Claims: Kerala HC [Read Order]
The High Court of Kerala has held that banks and financial institutions hold priority over revenue authorities’ “First Charge” when recovering debts through property sales. The decision came after...
![Bank’s “Secured Debts” Prevail Over Revenue’s “First Charge” in Property Recovery, SARFAESI and RDB Acts Override KGST and KVAT Act Claims: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Bank-Secured-Debts-Prevail-Revenues-First-Charge-Property-Recovery-SARFAESI-RDB-Override-KGST-KVAT-Act-Kerala-HC-TAXSCAN.jpg "Bank’s “Secured Debts” Prevail Over Revenue’s “First Charge” in Property Recovery, SARFAESI and RDB Acts Override KGST and KVAT Act Claims: Kerala HC [Read Order]")
Memorandum of Compromise Entered by Operational Creditor and Resigned Director of Corporate Debtor is not valid: NCLAT upholds Order of NCLT in Favour of SBI
The Chennai bench of the National Company Law Appellate Tribunal (NCLAT) has held that memorandum of Compromise entered by the operational creditor and resigned director of the corporate debtor is...
