![Partial Loan Disbursement Not a Valid Ground to Reject Insolvency Plea: NCLAT Upholds Axis Bank’s Section 7 Admission [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/500x300_2102690-partial-loan-insolvency-plea-nclat-axis-banks-partial-loan-disbursement-taxscan.webp "Partial Loan Disbursement Not a Valid Ground to Reject Insolvency Plea: NCLAT Upholds Axis Bank’s Section 7 Admission [Read Order]")
Partial Loan Disbursement Not a Valid Ground to Reject Insolvency Plea: NCLAT Upholds Axis Bank’s Section 7 Admission [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) upheld the Adjudicating Authority’s decision admitting Axis Bank’s Section 7 of the Insolvency...
![IBBI Issues Circular Requiring IPs to File Undertaking before PMLA Special Courts for Restitution of ED-Attached Assets [Read Circular]](https://images.taxscan.in/h-upload/2025/11/06/250x150_2102675-ibbi-ed-pmla-taxscan.webp "IBBI Issues Circular Requiring IPs to File Undertaking before PMLA Special Courts for Restitution of ED-Attached Assets [Read Circular]")
![NCLAT Stays CCI’s Five-Year Ban on WhatsApp–Meta Data Use for Ads, Orders Partial Penalty Deposit [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/250x150_2102670-whataapp-meta-taxscan.webp "NCLAT Stays CCI’s Five-Year Ban on WhatsApp–Meta Data Use for Ads, Orders Partial Penalty Deposit [Read Order]")
![Delhi HC Orders Release of 464 Grams of Gold of Uzbek Nationals Despite Delay in Paying Redemption Fine [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/250x150_2102661-redemption-fine-taxscan.webp "Delhi HC Orders Release of 464 Grams of Gold of Uzbek Nationals Despite Delay in Paying Redemption Fine [Read Order]")
CBI Court Sentences 2 Retd. SBI Officials to 3-Year Jail Term in ₹5.7 Crore Bank Fraud Case from 2010
The Special CBI Court (West), Lucknow has convicted and sentenced two officials that retired from the State Bank of India (SBI) and a Lucknow-based private company in a fifteen-year old bank fraud...
Financial Gains from Artificially Enhanced Share Price is Proceeds of Crime: Delhi HC upholds ₹122 Cr ED PMLA Attachment [Read Order]
The Delhi High Court recently ruled that profits derived from a lawful transaction, when emanating from an illegal act, continue to constitute proceeds of crime under the Prevention of Money...
![Financial Gains from Artificially Enhanced Share Price is Proceeds of Crime: Delhi HC upholds ₹122 Cr ED PMLA Attachment [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/500x300_2102651-delhihc-pmla-taxscan.webp "Financial Gains from Artificially Enhanced Share Price is Proceeds of Crime: Delhi HC upholds ₹122 Cr ED PMLA Attachment [Read Order]")
ED Can Attach Assets u/ PMLA without Directly Linking Predicate Offence to Every Transaction: Delhi HC [Read Order]
The Delhi High Court has held that the Enforcement Directorate (ED) can attach property under the Prevention of Money Laundering Act, 2002 (PMLA) without the need to directly link every transaction...
![ED Can Attach Assets u/ PMLA without Directly Linking Predicate Offence to Every Transaction: Delhi HC [Read Order]](https://images.taxscan.in/h-upload/2025/11/06/500x300_2102655-enforcement-directorate-taxscan.webp "ED Can Attach Assets u/ PMLA without Directly Linking Predicate Offence to Every Transaction: Delhi HC [Read Order]")
Leave Encashment Exemption u/s 10(10AA): ITAT Applies Retrospective ₹25 Lakh Limit Notified by CBDT [Read Order]
The Jaipur Bench of Income Tax Appellate Tribunal ( ITAT ) allowed an appeal filed by a retired State Bank of India employee, holding that the revised ₹25 lakh exemption limit for leave...
![Leave Encashment Exemption u/s 10(10AA): ITAT Applies Retrospective ₹25 Lakh Limit Notified by CBDT [Read Order]](https://images.taxscan.in/h-upload/2025/11/05/500x300_2102603-leave-encashment-exemption-itat-cbdt-taxscan.webp "Leave Encashment Exemption u/s 10(10AA): ITAT Applies Retrospective ₹25 Lakh Limit Notified by CBDT [Read Order]")
NCLT Waives One-Tenth Shareholding Mandate, Allows Former ICEX Promoters to Maintain Oppression & Mismanagement Case [Read Order]
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) recently waived the statutory one-tenth shareholding requirement under Section 244(1)(a) of the Companies Act, 2013, permitting...
![NCLT Waives One-Tenth Shareholding Mandate, Allows Former ICEX Promoters to Maintain Oppression & Mismanagement Case [Read Order]](https://images.taxscan.in/h-upload/2025/11/05/500x300_2102526-nclt-ahmedabad-icex-promoters-nclt-waives-taxscan.webp "NCLT Waives One-Tenth Shareholding Mandate, Allows Former ICEX Promoters to Maintain Oppression & Mismanagement Case [Read Order]")
Conduit Companies Cannot be Taxed without Proof of Income: Delhi HC Deletes Commission Income Additions on Alleged Accommodation Entry [Read Order]
The Delhi High Court ruled that entities functioning merely as conduit companies in accommodation entry arrangements cannot be subjected to tax on presumed commission income without proof of...
![Conduit Companies Cannot be Taxed without Proof of Income: Delhi HC Deletes Commission Income Additions on Alleged Accommodation Entry [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102343-conduit-companies-taxed-proof-of-income-taxscan.webp "Conduit Companies Cannot be Taxed without Proof of Income: Delhi HC Deletes Commission Income Additions on Alleged Accommodation Entry [Read Order]")
Incomplete Verification of Merger-Linked Research and Development Spending: ITAT Directs Fresh Examination of Eligibility [Read Order]
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) directed a fresh examination of the appellant's research and development (R&D) deductions claimed under Section 35(2AB) of the...
![Incomplete Verification of Merger-Linked Research and Development Spending: ITAT Directs Fresh Examination of Eligibility [Read Order]](https://images.taxscan.in/h-upload/2025/11/04/500x300_2102344-merger-linked-research-development-spending-itat-taxscan.webp "Incomplete Verification of Merger-Linked Research and Development Spending: ITAT Directs Fresh Examination of Eligibility [Read Order]")