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NCLT, NCLAT Bolster IBC: Defaults Trump NPA Issues, Auctions Bind Bidders
#InsolvencyLaw #IBCHoldings #CorporateAuctions
NCLT, NCLAT Bolster IBC: Defaults Trump NPA Issues, Auctions Bind Bidders In a pair of significant rulings that reinforce the rigorous framework of India's Insolvency and Bankruptcy Code, 2016 (IBC), the National Company Law Tribunal (NCLT) Mumbai and the National Company Law Appellate Tribun...
AO's Plausible View Allowing 80P Deduction on Interest from Banks Not Erroneous or Prejudicial Under S.263: ITAT Bangalore
#IncomeTaxAppeal #Section80P #ITATJudgment
ITAT Bangalore Quashes PCIT's Revision Orders: Interest Income from Banks Qualifies for 80P Deduction as Business Income The Income Tax Appellate Tribunal (ITAT) Bangalore Bench, comprising Vice President Shri Prashant Maharishi and Judicial Member Shri Keshav Dubey, has ruled in favor of two...
Mere Technical Glitch Claims in Bankruptcy E-Auction Insufficient to Set Aside Sale Without Proof of Fraud, Collusion, or Fundamental Error: NCLT New Delhi (Under IBC Sections 60(5) and 126).
#IBC #BankruptcyAuction #NCLTEAuction
NCLT Dismisses Bid to Cancel Bankruptcy E-Auction Over Alleged Technical Glitches, Upholding Sale to Highest Bidder In a recent ruling, the National Company Law Tribunal (NCLT), New Delhi Bench, dismissed an application seeking to set aside an e-auction of bankrupt assets due to claimed techn...
NCLT Upholds IL&FS's Unilateral Right to Hike Property Price in Concluded Contract, Citing Specific LoI Clauses for Value Maximization
#NCLT #ContractLaw #ILFS
NCLT Rules IL&FS Can Unilaterally Hike Price in BKC Tower Deal, Citing Contractual Supremacy Mumbai, November 28, 2025– In a significant ruling on the sanctity of contracts within corporate resolution frameworks, the National Company Law Tribunal (NCLT), Mumbai Bench, has held that Infrastruc...
Deemed Authentication by Information Utility (IU) Doesn't Extend Limitation Period Under IBC: NCLAT
#NCLAT #Insolvency #LimitationAct
NCLAT: 'Deemed Authentication' of Debt by IU Does Not Revive Time-Barred Claims New Delhi:The National Company Law Appellate Tribunal (NCLAT), Principal Bench, has delivered a significant ruling clarifying that the "deemed authentication" of a debt by an Information Utility (IU) does not cons...
Welfare Associations May File Section 7 IBC Petitions on Behalf of Homebuyers if Defect in Authorization is Cured via Individual Affidavits: NCLAT
#IBCSection7 #NCLATJudgment #HomebuyerRights
NCLAT Allows Welfare Association to Cure Authorization Defect in Section 7 IBC Petition Against Real Estate DevelopersIn a significant ruling for real estate insolvency proceedings, the National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has clarified the maintainabil...
NCLT Ahmedabad Rejects Resolution Plan as 'Collusive Arrangement,' Orders Liquidation Citing Failure to Meet IBC S.30 & S.31 Requirements
NCLT Insolvency IBC
NCLT Ahmedabad Rejects 'Collusive' Resolution Plan for Girdhari International, Orders Liquidation Amidst Suspicions of Fraud Ahmedabad:In a significant ruling, the National Company Law Tribunal (NCLT), Ahmedabad Bench, has rejected a resolution plan for Girdhari International Pvt. Ltd., descr...
Purchaser of Industrial Unit with Assured Return Not a 'Financial Creditor' Under S. 5(8)(f) IBC: NCLT
#IBC #NCLT #FinancialCreditor
NCLT: Buyer of Industrial Unit with Assured Returns is an Investor, Not a Financial Creditor Under IBC Mumbai |The National Company Law Tribunal (NCLT), Mumbai Bench, has ruled that a company that purchased an industrial unit with a guaranteed monthly return scheme cannot be classified as a '...
CIC Upholds Denial of Third-Party Personal Information Under Section 8(1)(j) of the RTI Act: BSNL Case
#RTIAct #DataPrivacy
Privacy vs. Transparency: CIC Upholds BSNL's Denial of Third-Party Information In a significant decision addressing the boundaries of the Right to Information Act, the Central Information Commission (CIC) has dismissed five separate second appeals filed by Onkar Das against
Sub-judice Status Not a Blanket Exemption Under RTI Act: Central Information Commission
#RTIAct #Transparency
Transparency Over Silence: CIC Strikes Down Blanket 'Sub-Judice' Pleas in RTI Appeals In a significant ruling, the Central Information Commission (CIC) has reaffirmed that the pendency of a matter before a court does not grant public authorities an automatic shield against tran...
