Bank Fraud of Rs. 4037.87 Crore: CBI Registers Case Against Private Company and Others
The Central Bureau of Investigation has registered a case on complaint from Union Bank of India against Kolkata based private company and others...
![Deduction allowable on Expenditure if purpose of incurring Expenditure is to earn Income: Karnataka HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/d5a847da-a78c-4190-b357-ae4a25f4e1e3.jpg "Deduction allowable on Expenditure if purpose of incurring Expenditure is to earn Income: Karnataka HC [Read Order]")
![Relief to Union Bank: ITAT quashes Income Tax Reassessment as No New Material brought on Record [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/06/Union-Bank-of-India-ITAT-reassessment-taxscan.jpeg "Relief to Union Bank: ITAT quashes Income Tax Reassessment as No New Material brought on Record [Read Order]")
Principal Borrower need not be 'Corporate Person' for Insolvency Process to be initiated against Corporate Guarantor: Supreme Court [Read Judgment]
The Supreme Court ruled that the Insolvency Process Maintainable Against Corporate Guarantors even if the principal borrower is not a 'Corporate Person'. The respondent bank, Union Bank of India...
![Principal Borrower need not be Corporate Person for Insolvency Process to be initiated against Corporate Guarantor: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Principal-borrower-corporate-person-insolvency-process-Corporate-Guarantor-Supreme-Court-taxscan.jpeg "Principal Borrower need not be Corporate Person for Insolvency Process to be initiated against Corporate Guarantor: Supreme Court [Read Judgment]")
Delhi High Court stays attachment of Deccan Chronicles Properties in ED Proceedings on plea of Union Bank of India [Read Order]
The Delhi High Court on the plea of Union Bank of India stayed Attachment of Deccan Chronicles Properties in Proceedings before Directorate of Enforcement (ED). The Petitioner, Union Bank of India...
GST: Gujarat High Court directs release of amount of ITC available in the credit Ledger Account [Read Order]
The Gujarat High Court directed the release of the amount of input tax credit (ITC) available in the credit ledger account. The writ applicant, Nipun Bhagat sought to challenge the action of...
![GST: Gujarat High Court directs release of amount of ITC available in the credit Ledger Account [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/GST-Gujarat-High-court-ITC-available-credit-ledger-account-Taxscan.jpeg "GST: Gujarat High Court directs release of amount of ITC available in the credit Ledger Account [Read Order]")
Delhi High Court directs Union Bank of India, IOB to maintain status quo in matter of Classification of Accounts of RCOM and its subsidiary as Fraudulent [Read Order]
The Delhi High Court has directed the two state-owned banks, Union Bank of India and Indian Overseas Bank to maintain the status quo in a matter pertaining to the classification of accounts of...
![Delhi High Court directs Union Bank of India, IOB to maintain status quo in matter of Classification of Accounts of RCOM and its subsidiary as Fraudulent [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Delhi-High-Court-Union-Bank-of-India-IOB-status-quo-Classification-of-Accounts-of-RCOM-Fraudulent-RCOM-Anil-D-Ambani-Taxscan.jpg "Delhi High Court directs Union Bank of India, IOB to maintain status quo in matter of Classification of Accounts of RCOM and its subsidiary as Fraudulent [Read Order]")
CBI registers Case against Delhi Based Private Company for alleged Loss Of Rs.787.25 Crore, Conducts Searches
The Central Bureau of Investigation (CBI) has registered a case on a complaint from Punjab National Bank against a Delhi based private company (Borrower company) and others including its Directors;...
