Money disbursed to corporate debtor as a payment to be adjusted in sale of land wasn’t a financial debt u/s 5(8)

Case Details: S. Chandriah v. … Continue reading “Money disbursed to corporate debtor as a payment to be adjusted in sale of land wasn’t a financial debt u/s 5(8)”

[Opinion] Consequences of non-disclosure of “Energy Conservation, Technology Absorption and Forex Earnings & Outgo” in Board’s Report

[2022] 145 taxmann.com 259 (Article) … Continue reading “[Opinion] Consequences of non-disclosure of “Energy Conservation, Technology Absorption and Forex Earnings & Outgo” in Board’s Report”

It was open to the respondent to terminate supply of electricity due to non-payment of earlier dues of CIRP period: NCLAT

Case Details: Shailesh Verma, Resolution … Continue reading “It was open to the respondent to terminate supply of electricity due to non-payment of earlier dues of CIRP period: NCLAT”

Initiation of proceedings under GST for transition of CENVAT Credit being inadmissible under existing law to be quashed: HC

Case Details: Usha Martin Ltd. … Continue reading “Initiation of proceedings under GST for transition of CENVAT Credit being inadmissible under existing law to be quashed: HC”