Liability admitted by director under Sabka Vishwas Scheme considered valid declaration even if investigation is pending: BOM HC

Case Details: Nabeel Construction (P.) … Continue reading “Liability admitted by director under Sabka Vishwas Scheme considered valid declaration even if investigation is pending: BOM HC”

NCLT rightly admitted CIRP plea against a corporate debtor who had pledged shares in favour of creditor against a loan

Case Details: Maitreya Doshi v. … Continue reading “NCLT rightly admitted CIRP plea against a corporate debtor who had pledged shares in favour of creditor against a loan”

SEBI prescribes a detailed framework for ‘Special Situation Funds’ as a sub-category under Category I AIFs

Circular no. SEBI/HO/IMD-I/DF6/P/CIR/2022/009, Dated: 27.01.2022 … Continue reading “SEBI prescribes a detailed framework for ‘Special Situation Funds’ as a sub-category under Category I AIFs”

AO isn’t required to wait for DRP directions to pass final order if time limit to file objections before DRP expires: ITAT

Case Details: Astro Offshore Pte. … Continue reading “AO isn’t required to wait for DRP directions to pass final order if time limit to file objections before DRP expires: ITAT”