Annual Corporate Law Case Digests : NCLAT Rulings of 2025 (Part 9)
ICICI Bank's Status as Secured Creditor Upheld: NCLAT Sets Aside NCLT Order Directing Release of Fixed Deposit Collateral ICICI Bank Lt vs Resolution...
![Corporate Insolvency Process initiated against the Damara Gold Over ₹39 Crore Default: NCLT Admits PNBs Insolvency Plea [Read Order]](https://images.taxscan.in/h-upload/2026/01/09/2118053-corporate-insolvency-process-initiated-against-damara-gold-taxscan.jfif "Corporate Insolvency Process initiated against the Damara Gold Over ₹39 Crore Default: NCLT Admits PNBs Insolvency Plea [Read Order]")
![Ex-Parte Order after 10 Notices Not Final: ITAT Remands ₹64.12 Lakh S. 69C Disallowance [Read Order]](https://images.taxscan.in/h-upload/2026/01/09/2117948-ex-parte-order-after-10-notices-not-final-itat-remands.webp "Ex-Parte Order after 10 Notices Not Final: ITAT Remands ₹64.12 Lakh S. 69C Disallowance [Read Order]")
GST ITC Reversal Unsustainable after GST Registration Restoration: Andhra Pradesh HC Quashes Reversal of Closing ITC [Read Order]
The Andhra Pradesh High Court has ruled that reversal of input tax credit (ITC) cannot be sustained once the cancellation of Goods and Services Tax (GST) registration itself has been set aside, and...
![GST ITC Reversal Unsustainable after GST Registration Restoration: Andhra Pradesh HC Quashes Reversal of Closing ITC [Read Order]](https://images.taxscan.in/h-upload/2026/01/09/2118056-gst-itc-reversal-unsustainable-gst-registration-restoration-andhra-pradesh-hc-quashes-reversal-taxscan.webp "GST ITC Reversal Unsustainable after GST Registration Restoration: Andhra Pradesh HC Quashes Reversal of Closing ITC [Read Order]")
GST Applicable on Wages Paid to Outsourced Staff Treated as ‘On Duty’ During COVID-19 Lockdown: AAR [Read Order]
In a recent order, the Kerala Authority for Advance Ruling (AAR) has said that GST must be paid on wages and interim payments given to outsourced staff who were treated as “on duty” during the...
![GST Applicable on Wages Paid to Outsourced Staff Treated as ‘On Duty’ During COVID-19 Lockdown: AAR [Read Order]](https://images.taxscan.in/h-upload/2026/01/09/2118047-gst-applicable-on-wages-paid-to-outsourced-staff-treated-as-on-duty-during-covid-19-lockdown-aar-taxscan.webp "GST Applicable on Wages Paid to Outsourced Staff Treated as ‘On Duty’ During COVID-19 Lockdown: AAR [Read Order]")
Delayed Income Tax TDS Deposit Does Not Extinguish Criminal Liability, Managing Director Must Face Trial: Delhi HC [Read Order]
In a recent ruling, the Delhi High Court held that belated deposit of Tax Deducted at Source (TDS) does not extinguish criminal liability and that a Managing Director cannot avoid prosecution...
![Delayed Income Tax TDS Deposit Does Not Extinguish Criminal Liability, Managing Director Must Face Trial: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2026/01/09/2118042-delayed-income-tax-tds-deposit-does-extinguish-criminal-liability-managing-director-must-face-trial-delhi-hc-taxscan.webp "Delayed Income Tax TDS Deposit Does Not Extinguish Criminal Liability, Managing Director Must Face Trial: Delhi HC [Read Order]")
NCLAT Upholds Dismissal of Share Restoration Claim, Holds MoU Based ₹11 Cr Loan Dispute not Maintainable [Read Order]
The Principal Bench of National Company Law Appellate Tribunal (NCLAT) at New Delhi, dismissed the appeal seeking restoration of 5,000 shares voluntarily transferred in 2017, holding the petition...
![NCLAT Upholds Dismissal of Share Restoration Claim, Holds MoU Based ₹11 Cr Loan Dispute not Maintainable [Read Order]](https://images.taxscan.in/h-upload/2026/01/09/2118033-nclat-upholds-dismissal-share-restoration-claim-holds-mou-loan-dispute-maintainable-taxscan.webp "NCLAT Upholds Dismissal of Share Restoration Claim, Holds MoU Based ₹11 Cr Loan Dispute not Maintainable [Read Order]")