The disclosure was made under the Securities and Exchange Board of India Regulations

Seek Amnesty Scheme for Customs and easier tax compliance

Warns the companies of attaching assets and bank accounts if they fail to pay within 15 days

The NCLAT upheld that dissenting financial creditors are entitled only to the liquidation value of their secured interest under Section 30(2)(b) of the IBC, emphasizing the supremacy of the Committee of Creditors' commercial wisdom in resolution plans.

The Supreme Court emphasized that Rule 11 of the NCLT cannot override the procedural requirements of Section 12A of the IBC for withdrawing insolvency applications, reinforcing the structured framework for CIRP withdrawals.

Bombay High Court declares GIRNAR a well-known trademark in India, recognizing its vast reputation across diverse product classes.

NCLAT New Delhi: Written Financial Contract Not Required to Establish Debt Under Section 5(8) of IBCThe NCLAT New Delhi Bench, comprising Justice Ashok Bhushan (Chairperson) and Barun Mitra (Technical...

The NCLAT ruled that while adjudicating authorities can recall their orders, they lack the power to review them, upholding the ownership rights of the respondent over replaced aircraft parts in the Aircastle case.

Supreme Court: Banks can claim tax deductions for broken period interest on HTM securities classified as trading assets.

NCLAT rules the look-back period for related-party transactions under IBC cannot exceed two years, upholding financial regulations.

Bombay High Court overturns ITAT's 10% expense disallowance, criticizing AO's lack of inquiry and mechanical endorsement by CIT(A) & ITAT.

NCLT affirms Axis Bank and NKGSB Bank as secured creditors in Omkar Speciality Chemicals insolvency case, despite no NOC.