![NCLAT Upholds Resolution Plan Payout to GNIDA, Rejects Objections on Section 30(2) and Valuation [Read Order]](https://images.taxscan.in/h-upload/2026/02/06/2124028-nclat-upholds-resolution-plan-payout-gnida-rejects-objections-section-302-valuation-taxscan.webp "NCLAT Upholds Resolution Plan Payout to GNIDA, Rejects Objections on Section 30(2) and Valuation [Read Order]")
NCLAT Upholds Resolution Plan Payout to GNIDA, Rejects Objections on Section 30(2) and Valuation [Read Order]
The National Company Law Appellate Tribunal (NCLAT) Principal Bench at New Delhi, has refused to interfere with the approval of a resolution plan...
![Share Capital Reduction u/s 66 a Matter of Domestic Concern of Company: NCLAT upholds Capital Reduction Offering 56% Premium to Minority Shareholders [Read Order]](https://images.taxscan.in/h-upload/2026/02/06/2124027-share-capital-reduction-66-matter-domestic-concern-company-nclat-upholds-capital-reduction-offering.webp "Share Capital Reduction u/s 66 a Matter of Domestic Concern of Company: NCLAT upholds Capital Reduction Offering 56% Premium to Minority Shareholders [Read Order]")
![NCLAT Dismisses Plea to Revive CIRP After Corporate Debtor Clears Part IV Dues [Read Order]](https://images.taxscan.in/h-upload/2026/02/06/2124026-nclat-new-delhi-corporate-debtor-cirp-after-corporate-debtor-corporate-debtor-clears-part-iv-dues-corporate-debtor-clears-dues-taxscan.webp "NCLAT Dismisses Plea to Revive CIRP After Corporate Debtor Clears Part IV Dues [Read Order]")
![No Grounds made out to Interfere with Impugned Order: NCLAT Upholds Rejection of Resolution Plan Valued at ₹74 Lakh [Read Order]](https://images.taxscan.in/h-upload/2026/02/06/2124014-no-grounds-made-interfere-impugned-order-nclat-upholds-rejection-resolution.webp "No Grounds made out to Interfere with Impugned Order: NCLAT Upholds Rejection of Resolution Plan Valued at ₹74 Lakh [Read Order]")
Property Sold Below Distress Value Violating Rule 8(6) SARFAESI Rules: DRAT Directed Bank to Refund Auction Amount with 8% Interest [Read Order]
The sale notice dated 07.07.2014 did not comply with Rule 8(6), missing auction details and redemption rights, and was published even before issuance.The Debt Recovery Appellate Tribunal (DRAT),...
![Property Sold Below Distress Value Violating Rule 8(6) SARFAESI Rules: DRAT Directed Bank to Refund Auction Amount with 8% Interest [Read Order]](https://images.taxscan.in/h-upload/2026/02/07/2124118-property-sold-below-distress-value-violating-rule-86-sarfaesi-rules-drat-directed-bank.webp "Property Sold Below Distress Value Violating Rule 8(6) SARFAESI Rules: DRAT Directed Bank to Refund Auction Amount with 8% Interest [Read Order]")
Delhi HC Refuses to Interfere With Validity of CBIC Circular on “Proper Officer” Powers Under CGST Act [Read Order]
In a recent ruling, the Delhi High Court refused to interfere with the validity of the CBIC Circular on assigning “proper officer” functions and said that the circular cannot be struck down unless the...
![Delhi HC Refuses to Interfere With Validity of CBIC Circular on “Proper Officer” Powers Under CGST Act [Read Order]](https://images.taxscan.in/h-upload/2026/02/07/2124156-delhi-hc-refuses-to-interfere-with-validity-of-cbic-circular-on-proper-officer-powers-under-cgst-act.webp "Delhi HC Refuses to Interfere With Validity of CBIC Circular on “Proper Officer” Powers Under CGST Act [Read Order]")
No Apparent Error to Interfere with Liquidation Proceedings: NCLAT Rejects Tax Claim Filed After Liquidation Cut-Off Period [Read Order]
The Chennai Bench of the National Company Law Appellate Tribunal (NCLAT) has held that a belated statutory claim raised during liquidation proceedings cannot be entertained once the prescribed ...
![No Apparent Error to Interfere with Liquidation Proceedings: NCLAT Rejects Tax Claim Filed After Liquidation Cut-Off Period [Read Order]](https://images.taxscan.in/h-upload/2026/02/06/2124017-liquidation-cut-off-period-nclat-taxscan-.webp "No Apparent Error to Interfere with Liquidation Proceedings: NCLAT Rejects Tax Claim Filed After Liquidation Cut-Off Period [Read Order]")
Depreciation on Goodwill cannot be Revisited in Later Years Once Allowed in First Year: ITAT [Read Order]
In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Ahmedabad, has held that once depreciation on goodwill is properly allowed in the first year, subsequent years must continue on the...
![Depreciation on Goodwill cannot be Revisited in Later Years Once Allowed in First Year: ITAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/07/2124110-depreciation-on-goodwill-itat-taxscan-.webp "Depreciation on Goodwill cannot be Revisited in Later Years Once Allowed in First Year: ITAT [Read Order]")
![Pending Challenge to CoC Constitution Not a Bar on RP Appointment u/s 27: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/06/2123993-pending-challenge-to-coc-constitution-nclat-taxscan.webp "Pending Challenge to CoC Constitution Not a Bar on RP Appointment u/s 27: NCLAT [Read Order]")
No Separate GST Registration Needed for After-Sales Service in Customer State When supply is from HO: AAAR
In a recent ruling, the Odisha State Appellate Authority for Advance Ruling (AAAR) held that no separate GST registration is required in the customer State merely because after-sales repair and...
