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NCLAT Rules Balance Sheet Acknowledgments Bind Personal Guarantors on Limitation

NCLAT Rules Balance Sheet Acknowledgments Bind Personal Guarantors on Limitation

#InsolvencyLaw #PersonalGuarantee #LimitationAct

NCLAT Rules Balance Sheet Acknowledgments Bind Personal Guarantors on Limitation In a significant ruling for insolvency proceedings, the National Company Law Appellate Tribunal (NCLAT), New Delhi, has clarified that acknowledgments of liability made by a corporate debtor in its balance sheets...

India - National Company Law Tribunal Acknowledgment of Debt in Balance Sheets 15 Dec 2025
ITAT Quashes Reassessments Over Unrelated Additions and Undisposed Objections

ITAT Quashes Reassessments Over Unrelated Additions and Undisposed Objections

#IncomeTaxReassessment #ITATJudgment #Section147

ITAT Quashes Reassessments Over Unrelated Additions and Undisposed Objections In a significant ruling for tax litigators and assessees challenging reassessment actions, the Income Tax Appellate Tribunal (ITAT) Delhi Bench has quashed reassessment proceedings under Section 147 of the Income Ta...

India - Income Tax Appellate Tribunal Reassessment under Section 147 13 Dec 2025
UP Tribunal Mandates Interest Payments and GNIDA Probe in Godrej Real Estate Delay Case

UP Tribunal Mandates Interest Payments and GNIDA Probe in Godrej Real Estate Delay Case

#RERAEnforcement #RealEstateDelays #RegulatoryCompliance

UP Tribunal Mandates Interest Payments and GNIDA Probe in Godrej Real Estate Delay CaseIn a significant ruling that underscores the stringent enforcement of India's Real Estate (Regulation and Development) Act, 2016 (RERA), the Uttar Pradesh Real Estate Appellate Tribunal has dismissed appeal...

India - Real Estate Regulatory Authority RERA Compliance in Delayed Projects 13 Dec 2025
SFIO Admits Inadvertent Error in Freezing Karti Chidambaram's Wife's Accounts

SFIO Admits Inadvertent Error in Freezing Karti Chidambaram's Wife's Accounts

#SFIOInvestigation #NCLTProceedings #AssetFreezingError

SFIO Admits Inadvertent Error in Freezing Karti Chidambaram's Wife's AccountsIn a significant admission during proceedings at the National Company Law Tribunal (NCLT) in Chennai, the Serious Fraud Investigation Office (SFIO) has conceded that an "inadvertent error" led to the wrongful freezin...

India - National Company Law Tribunal Procedural Errors in Asset Freezing 09 Dec 2025
NCLT Rejects Counterclaims in Admitting Insolvency Against Rice Mill

NCLT Rejects Counterclaims in Admitting Insolvency Against Rice Mill

#InsolvencyLaw #NCLT #CorporateDebt

NCLT Rejects Counterclaims in Admitting Insolvency Against Rice Mill In a significant ruling for creditors pursuing insolvency proceedings, the National Company Law Tribunal (NCLT) at Allahabad has clarified that set-off claims, counterclaims, or assertions of business losses do not automatic...

India - National Company Law Tribunal Counterclaims in Insolvency Admissions 09 Dec 2025
Welfare Associations May File Section 7 IBC Petitions on Behalf of Homebuyers if Defect in Authorization is Cured via Individual Affidavits: NCLAT

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...

India - National Company Law Appellate Tribunal Case Law 08 Dec 2025
AO's Plausible View Allowing 80P Deduction on Interest from Banks Not Erroneous or Prejudicial Under S.263: ITAT Bangalore

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...

India - Income Tax Appellate Tribunal Case Law 05 Dec 2025
ITAT Deletes ₹10.84 Cr Addition Against Preity Zinta Under Section 68

ITAT Deletes ₹10.84 Cr Addition Against Preity Zinta Under Section 68

#IncomeTaxAppeal #TaxLitigation #UnexplainedCredits

ITAT Deletes ₹10.84 Cr Addition Against Preity Zinta Under Section 68 In a significant victory for Bollywood actress and high-profile taxpayer Preity G. Zinta, the Income Tax Appellate Tribunal (ITAT) Mumbai has deleted a substantial ₹10.84 crore addition made to her income under Section 68 o...

India - Income Tax Appellate Tribunal Unexplained Cash Credits and Loan Transactions 04 Dec 2025
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).

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...

India - National Company Law Tribunal Case Law 04 Dec 2025
NCLT Rejects E-Auction Challenge Over Unproven Technical Glitch

NCLT Rejects E-Auction Challenge Over Unproven Technical Glitch

#InsolvencyLaw #EAuctionDispute #NCLTDecision

NCLT Rejects E-Auction Challenge Over Unproven Technical Glitch In a recent ruling that underscores the robustness of digital processes in insolvency resolutions, the National Company Law Tribunal (NCLT) at New Delhi has dismissed an application to annul a concluded e-auction, citing a lack o...

India - National Company Law Tribunal Validity of Electronic Auctions in Insolvency Proceedings 03 Dec 2025
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