Amount deposited with corporate debtor under investment scheme would come under definition of ‘financial debt’

Case Details: Mohanlal Dhakad v. … Continue reading “Amount deposited with corporate debtor under investment scheme would come under definition of ‘financial debt’”

HC quashes assessment order passed by AO without application of mind; cost to be recover from him if such order continues

Case Details: Mantra Industries Ltd. … Continue reading “HC quashes assessment order passed by AO without application of mind; cost to be recover from him if such order continues”

SEBI introduces online system to obtain SCORES credentials of Cos intending to list their securities on exchanges

CIRCULAR NO. SEBI/HO/OIAE/IGRD/CIR/P/2021/642, Dated 16.10.2021 … Continue reading “SEBI introduces online system to obtain SCORES credentials of Cos intending to list their securities on exchanges”

CIRP plea admitted as corporate debtor committed default in repayment of loan facility disbursed by financial creditor

Case Details: DMI Finance (P.) … Continue reading “CIRP plea admitted as corporate debtor committed default in repayment of loan facility disbursed by financial creditor”

Writing off security deposit is allowable if Co. discontinued its business for which such deposit was made: HC

Case Details:CIT v. Pricol Ltd. … Continue reading “Writing off security deposit is allowable if Co. discontinued its business for which such deposit was made: HC”