NCLT admitted plea u/s 7 as documents produced by financial creditor established debt and default by corporate debtor

Case details: Tata Capital Financial … Continue reading “NCLT admitted plea u/s 7 as documents produced by financial creditor established debt and default by corporate debtor”

No denial of exemption if surplus earned on incidental activities was ploughed back for use towards trust’s object: ITAT

Case details: DCIT v. JMJ … Continue reading “No denial of exemption if surplus earned on incidental activities was ploughed back for use towards trust’s object: ITAT”

Exemption from payment of IGST on goods re-imported after repair can’t be denied on subsequent transactions if already allowed by CESTAT: Delhi HC

Case details: Interglobe Aviation Ltd. … Continue reading “Exemption from payment of IGST on goods re-imported after repair can’t be denied on subsequent transactions if already allowed by CESTAT: Delhi HC”

Person giving an interest-free loan to the corporate debtor to cover its working capital needs is a financial creditor: SC

Case details: Orator Marketing (P.) … Continue reading “Person giving an interest-free loan to the corporate debtor to cover its working capital needs is a financial creditor: SC”