Sec. 153C notices issued to ‘Karti P.Chidambaram’ valid as no mala fide/lack of jurisdiction was established: HC

Case details: Karti P. Chidambaram … Continue reading “Sec. 153C notices issued to ‘Karti P.Chidambaram’ valid as no mala fide/lack of jurisdiction was established: HC”

Corporate debtor was to be liquidated as CoC with 98.91% voting rejected resolution plan and resolved to liquidate

Case details: Yash Productions v. … Continue reading “Corporate debtor was to be liquidated as CoC with 98.91% voting rejected resolution plan and resolved to liquidate”

Madras HC denies transition of accumulated CENVAT credit from shut down factory in Tamil Nadu to new GSTIN in Andhra Pradesh

Case details: MMD Heavy Machinery … Continue reading “Madras HC denies transition of accumulated CENVAT credit from shut down factory in Tamil Nadu to new GSTIN in Andhra Pradesh”

Creditor must have exclusive or sole first charge over property to enforce security interest u/s 52(1)(b) of IBC

Case details: Asset Reconstruction Company … Continue reading “Creditor must have exclusive or sole first charge over property to enforce security interest u/s 52(1)(b) of IBC”