HC’s Order Directing Deferment of CIRP Was to Be Set Aside as It Breaches Basic Intent of IBC Provisions | SC

Case Details: Committee of Creditors … Continue reading “HC’s Order Directing Deferment of CIRP Was to Be Set Aside as It Breaches Basic Intent of IBC Provisions | SC”

Date of Fresh Refund Application After Rectifying Deficiencies Can’t Be Considered for Purposes of Determining Period of Limitation | HC

Case Details: Sali P. Mathai … Continue reading “Date of Fresh Refund Application After Rectifying Deficiencies Can’t Be Considered for Purposes of Determining Period of Limitation | HC”

Petitioner Had No Locus to Challenge Auction Sale as She Failed to Participate in Auction Process and Deposit Whole Amount | HC

Case Details: Mrs. Renu Jain … Continue reading “Petitioner Had No Locus to Challenge Auction Sale as She Failed to Participate in Auction Process and Deposit Whole Amount | HC”

[Opinion] ROC Penalizes Co., WTD, CFO & CS for Failing to Address Audit Objections on Internal Financial Controls in Board Report

Prof R Balakrishnan – [2024] … Continue reading “[Opinion] ROC Penalizes Co., WTD, CFO & CS for Failing to Address Audit Objections on Internal Financial Controls in Board Report”

Transfer of Capital Asset From ‘NLCIL’ to ‘NIRL’ Shall Not Be Treated as Transfer for Purpose of Capital Gains | CBDT

Notification No. 122/2024, dated 27-11-2024 … Continue reading “Transfer of Capital Asset From ‘NLCIL’ to ‘NIRL’ Shall Not Be Treated as Transfer for Purpose of Capital Gains | CBDT”