Besides, the NCLAT order defeats the entire purpose of the Code, which provides for a time-bound CIRP, they said, adding that the IMC has given a cover to NBCC to implement the RP for an indefinite amount of time.
Pursuant to the SC’s directions, the assessing officer (AO) on May 28 computed the refund payable to Vodafone at Rs 1009.43 crore for the assessment year 2014-15, but reduced it to Rs 833.04 crore on account of pending dema
A lot of dealers and customers may get affected by the Supreme Court's order recall. The reason being, due to Covid-19 and the nationwide lockdown, the regional transport offices did not work on a regular basis and a lot of r
A Bench led by justices AM Khanwilkar and Dinesh Maheshwari, in a batch of cross-appeals led by Commercial Tax Officer vs Mohan Brewaries and Distilleries, upheld the Madras High Court order on the case.
Keeping in view the interest of home buyers, a Bench led by Justice Arun Mishra asked the banks to release the sanctioned loans under “the current norms of the RBI for releasing loans and the rates fixed by the RBI therefor
The dispute arises out of the production sharing contract between Cairn India and the government over exploration of the Ravva oil fields in the shallow offshore area of the Krishna-Godavari basin on the eastern coast of Indi
They also want a stay on the e- voting process initiated by the fund manager from June 9, besides court-monitored investigation into the siphoning of the funds and also direction to Sebi to appoint an administrator to take ov
The fact that the waiver of interest is having far-reaching effect on the economy cannot be ignored and the larger public interest of the economy always takes precedence over the individual cases of hardship, it said.
Mistry wants the SP group firms - Cyrus Investment Pvt Ltd and Sterling Investment Corporation - should be given proportionate representation on the Tata Sons board and all its committees, which allegedly was denied to his fa
In a big setback to former Ranbaxy promoters Malvinder Singh and Shivinder Singh, the Supreme Court of Singapore has dismissed their appeal seeking quashing of the Singapore High Court’s order that upheld the Rs 2,500-crore
The SARFAESI Act, which is now rarely being used after the Insolvency and Bankruptcy Code has come into existence since 2016, allows banks to seize, take control, manage and sell assets of defaulting borrowers without the int