Taking cognisance of illegal mining, the Supreme Court had in 2011 stopped mining in 188 leases in Karnataka. Echoing eminent lawyer Harish Salve’s reported view
Month: September 2019
Corporate tax rate cut may not help much to boost economy; Macquarie tells what govt could have done – The Financial Express
The economic growth has fallen to a six-year low of 5 per cent in the June quarter of fiscal year 2020. Even as the government
***Amtek: Supreme Court to hear IBBI plea for criminal proceedings against UK’s Liberty House – The Financial Express
However, senior counsel Mukul Rohtagi and counsel Mahesh Agarwal opposed the IBBI’s request to initiate criminal proceedings against the firm. The Supreme Court on Monday
***Sterling Biotech promoters to pay Rs 3,100 crore to lenders – The Financial Express
It had the backing of 90.32% voting share of the CoC though. The fugitive promoters of Sterling Biotech will pay back the entire Rs 3,100
***Relief for McLeod Russel: NCLT modifies status quo order on company’s assets – The Financial Express
The status quo will remain on selling of tea gardens. Providing some relief to debt-laden McLeod Russel, the Kolkata Bench of the National Company Law
***Somany PF challenges at NCLAT sales of IL&FS Wind Energy assets at Orix Corporation – The Financial Express
According to IL&FS, provident and pension funds have an exposure of Rs 9,134 crore to its papers Somany Provident Fund Institution on Monday challenged the
***Now MSMEs can get loans from SBI with interest rate linked to RBI’s repo rate – The Financial Express–
Credit and Finance for MSMEs: Following the Reserve Bank of India’s (RBI) decision earlier this month asking banks to link new floating-rate loans to retail and
After the tax cut | Business Standard Editorials
Union Finance Minister Nirmala Sitharaman surprised everyone on Friday by slashing the corporate tax rate. Indian companies not availing of any exemption can now pay 22 per cent tax.
From consumer law to pre-deposit rule, here’re the key court orders | Business Standard Column
Tenant cannot squat on secured asset The right of a tenant in a flat, which was mortgaged by a defaulting landlord-borrower, came up in the
Preparing for GST audit: Taxpayers face penalty up to 0.25% of turnover | Business Standard Column
The GST laws provide for a mandatory audit to be carried out by every GST registered taxpayer whose turnover during a financial year surpasses Rs 2 crore.
From arbitration to pre-deposit rule, here’re the key court orders | Business Standard News
Pager is dead, long live the litigation The last beep from a pager was heard about six years ago and India was one of the
Post-sale discount under GST: A clear position may help boost festive sales | Business Standard News
Readers may accuse me of hyperbole, but from my vantage point, it appears that never has removal of certain ambiguities/errors in tax laws been so
No provision for lowering penalties in the new Motor Vehicles Act | Business Standard News
The Centre has sought a legal opinion from the law ministry on those provisions of the MV Act The implementation of the Motor Vehicles (Amendment)
***Recent CoC decisions raise hopes for the return of errant promoters | Business Standard News
The commercial decision of banks and lenders, which are collectively termed committee of creditors (CoC) under the Insolvency and Bankruptcy Code (IBC), has always been a bone
From default to land acquisition, a weekly selection of key court orders | Business Standard Column
Special laws override Arbitration Act The Supreme Court has ruled that in the case of National Highways Authority of India (NHAI), the central government has the exclusive
Gujarat HC’s ‘war room’ shows how to improve proceedings, monitor courts | Business Standard Column
The data warehousing and mining centre will help the Gujarat High Court improve judicial proceedings across lower courts in the state There is an array
Merger of public sector banks: Has governance been given short shrift? | Business Standard News
The word “merger” was used only once in the recommendations by the committee headed by P J Nayak that reviewed the governance of boards of
GST–Universal invoice matching is absurd | Business Standard Column
This subject has now gained prominence in discussions as some analysts have started claiming that the system of GST has become prone to evasion because
From arbitration to property tax, a weekly selection of key court orders | Business Standard Column
Arbitrator removed for suspected bias The Supreme Court has removed an arbitrator selected by National Aluminium Company as he was a former chairman and managing director of
From electricity theft to trademark battle, here’re the key court orders | Business Standard Column
Defaulter’s pre-deposit is not secured asset The debt recovery tribunal or a high court often asks a defaulting borrower to make pre-deposit with it to
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