![Corporate Law Case Digest: Key NCLT Rulings of 2025 [Part 1]](https://images.taxscan.in/h-upload/2026/01/09/500x300_2117996-whatsapp-image-2026-01-09-at-113412-am.webp "Corporate Law Case Digest: Key NCLT Rulings of 2025 [Part 1]")
Corporate Law Case Digest: Key NCLT Rulings of 2025 [Part 1]
"IBC code" most commonly refers to India's Insolvency and Bankruptcy Code, 2016, an act that consolidates and amends laws for the time-bound...
![Electricity Duty Cannot Be Levied on ‘Net Charges’ Without Amending Charging Section: Jharkhand HC Strikes Down 2021 Amendment [Read Order]](https://images.taxscan.in/h-upload/2026/01/06/250x150_2117356-electricity-duty-levied-net-charges-without-amending-charging-section-jharkhand-hc-strikes-down-2021-amendment-taxscan.webp "Electricity Duty Cannot Be Levied on ‘Net Charges’ Without Amending Charging Section: Jharkhand HC Strikes Down 2021 Amendment [Read Order]")
![Chhattisgarh HC Grants Bail to Applicant for Offences u/s 7 & 12 of Prevention of Corruption Act in ₹4000 Cr Liquor Scam Case [Read Order]](https://images.taxscan.in/h-upload/2026/01/06/250x150_2117341-chhattisgarh-hc-grants-bail-applicant-offences-prevention-corruption-act-liquor-scam-case-taxscan.webp "Chhattisgarh HC Grants Bail to Applicant for Offences u/s 7 & 12 of Prevention of Corruption Act in ₹4000 Cr Liquor Scam Case [Read Order]")
![MCA Amends Rules on Removal of Company Names, Relaxes Indemnity Requirement for Government Companies [Read Notification]](https://images.taxscan.in/h-upload/2026/01/06/250x150_2117352-mca-amends-rules.webp "MCA Amends Rules on Removal of Company Names, Relaxes Indemnity Requirement for Government Companies [Read Notification]")
NFRA Issues Second Audit Practice Toolkit on ROMM Assessment to Strengthen Audit Quality for Small & Medium Practitioners [DOWNLOAD TOOLKIT]
The NationalFinancial Reporting Authority (NFRA) issued a second audit practice toolkit on January 1, 2026, to improve and strengthen the overall quality of auditing practices in India. This...
![NFRA Issues Second Audit Practice Toolkit on ROMM Assessment to Strengthen Audit Quality for Small & Medium Practitioners [DOWNLOAD TOOLKIT]](https://images.taxscan.in/h-upload/2026/01/06/500x300_2117336-nfra-issues-second-audit-practice-toolkit-romm-assessment-strengthen-audit-quality-for-small-medium-practitioners-taxscan.webp "NFRA Issues Second Audit Practice Toolkit on ROMM Assessment to Strengthen Audit Quality for Small & Medium Practitioners [DOWNLOAD TOOLKIT]")
NCLT Rules Electricity as "Essential Supply" u/s 14(2) IBC, Bars Disconnection for Non-Payment of Pre-CIRP Dues by Hotel [Read Order]
The National Company Law Tribunal has ruled that electricity is an essential supply under section 14(2) of the Insolvency and Bankruptcy Code,2016, and it has also barred the disconnection of...
![NCLT Rules Electricity as Essential Supply u/s 14(2) IBC, Bars Disconnection for Non-Payment of Pre-CIRP Dues by Hotel [Read Order]](https://images.taxscan.in/h-upload/2026/01/06/500x300_2117328-nclt-rules-electricity-essential-supply.webp "NCLT Rules Electricity as Essential Supply u/s 14(2) IBC, Bars Disconnection for Non-Payment of Pre-CIRP Dues by Hotel [Read Order]")
Withdrawal of SARFAESI Notice Does Not Invalidate Recovery Certificate: NCLAT Allows SBI's Insolvency Petitions Against Guarantors [Read Order]
The Principal Bench of National Company Law Appellate Tribunal (NCLAT), New Delhi, allowed SBI’s insolvency petitions against personal guarantors on limitation grounds and held that withdrawal of a...
![Withdrawal of SARFAESI Notice Does Not Invalidate Recovery Certificate: NCLAT Allows SBIs Insolvency Petitions Against Guarantors [Read Order]](https://images.taxscan.in/h-upload/2026/01/06/500x300_2117325-withdrawal-sarfaesi-notice-does-not-invalidate-recovery-certificate-taxscan.jfif "Withdrawal of SARFAESI Notice Does Not Invalidate Recovery Certificate: NCLAT Allows SBIs Insolvency Petitions Against Guarantors [Read Order]")
Mere Wrong Classification Does Not Invoke Section 111(o) Unless Exemption Conditions are Violated: CESTAT [Read Order]
The New Delhi Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) held that mere wrong classification of imported goods does not attract confiscation under Section 111(o) of the...
![Mere Wrong Classification Does Not Invoke Section 111(o) Unless Exemption Conditions are Violated: CESTAT [Read Order]](https://images.taxscan.in/h-upload/2026/01/05/500x300_2117211-mere-wrong-classification-does-not-invoke-section-111o-unless-exemption-conditions-are-violated-cestat.webp "Mere Wrong Classification Does Not Invoke Section 111(o) Unless Exemption Conditions are Violated: CESTAT [Read Order]")