Clipped from: https://www.business-standard.com/article/current-affairs/a-near-empty-cbdt-tackles-arbitration-cases-domestic-tax-issues-121052200054_1.html Four vacancies in the Central Board of Direct Taxes (CBDT) have not been filled despite the Appointments Committee of Cabinet (ACC) clearing names
Category: Legal
Kapil Wadhawan’s 2nd proposal must be tested on merit, put to vote: NCLT | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/kapil-wadhawan-s-2nd-proposal-must-be-tested-on-merit-put-to-vote-nclt-121052100659_1.html Directs administrator to place proposal before the CoC and inform the outcome within 10 days Former DHFL promoter Kapil Wadhawan The Mumbai bench
Bad loans: SC allows banks to invoke personal guarantees of defaulters | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/bad-loans-sc-allows-banks-to-invoke-personal-guarantees-of-defaulters-121052100449_1.html Apex court says approval of resolution plan does not ipso facto discharge a personal guarantor (of a corporate debtor) of his or her
Supreme Court allows personal bankruptcy cases on tycoons – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/supreme-court-allows-personal-bankruptcy-cases-on-tycoons/articleshow/82823031.cmsSynopsis The top court upheld the legal validity of the country’s law that allowed lenders to drag them into bankruptcy court. The two-judge panel
NCLAT allows hotels’ body to intervene in insolvency of OYO unit – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/hotels-/-restaurants/nclat-allows-hotels-body-to-intervene-in-insolvency-of-oyo-unit/articleshow/82720247.cmsSynopsis FHRAI said it had filed an application on behalf of its member hotels in India, who were operational creditors and were “suffering hugely”
RBI not in favour of fresh insolvency freeze – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/rbi-not-in-favour-of-fresh-insolvency-freeze/articleshow/82699508.cmsSynopsis During initial discussions with the government, RBI has indicated a freeze will not help anyone in the long run as it will only
Why nominee is not your legal heir – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/plan/why-nominee-is-not-your-legal-heir/articleshow/77653188.cms Synopsis–Regrettably, the words ‘nominee’ and ‘heir’ are commonly understood to be synonymous. However, from a legal standpoint the two concepts are entirely different.
Digital trust is our prime focus for Indian SMEs: PayPal – The Economic Times
clipped from: https://economictimes.indiatimes.com/small-biz/sme-sector/digital-trust-is-our-prime-focus-for-indian-smes-paypals-guru-bhat/articleshow/82792588.cmsSynopsis PayPal has come up with various initiatives to help Covid-battered MSMEs, including providing collateral-free loans up to Rs 1 crore. As the country
Why your business urgently needs a succession plan – The Economic Times
Clipped from: https://economictimes.indiatimes.com/small-biz/hr-leadership/leadership/covid-impact-why-your-business-urgently-needs-a-succession-plan/articleshow/82790331.cmsSynopsis Given the uncertainties we face; it is wise to plan for a time when you may not be around to lead your business.
pfizer vaccine: India and Pfizer hit impasse over vaccine indemnity demand: Sources – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/india-and-pfizer-hit-impasse-over-vaccine-indemnity-demand-sources/articleshow/82831325.cmsSynopsis India has not given any manufacturer of a COVID-19 vaccine indemnity against the costs of compensation for any severe side effects, which is
Unnecessary deviation | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/unnecessary-deviation-121052001438_1.html DHFL should not go back to its erstwhile promoter The National Company Law Tribunal’s (NCLT’s) direction to the lenders of Dewan Housing Finance
DHFL resolution: Lenders weigh options after NCLT’s surprise call | Business Standard News
clipped from: https://www.business-standard.com/article/companies/dhfl-resolution-lenders-weigh-options-after-nclt-s-surprise-call-121052100019_1.html Tribunal gave direction to have a look at offer by Kapil Wadhawan After the bankruptcy tribunal’s surprise order on Dewan Housing Finance (DHFL),
Committee of creditors rejects NBCC resolution plan for Jaypee Infratech | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/committee-of-creditors-rejects-nbcc-resolution-plan-for-jaypee-infratech-121052100040_1.html Lenders to vote on Suraksha plan from Monday Both NBCC and Suraksha ARC had bid for JIL’s assets, which owns a huge land
Banks likely to transfer about 80 large NPA accounts to NARCL – The Financial Express
Clipped from: https://www.financialexpress.com/industry/banking-finance/banks-likely-to-transfer-about-80-large-npa-accounts-to-narcl/2255777/ NARCL will pay up to 15 per cent of the agreed value for the loans in cash and the remaining 85 per cent
Investors face losses amid outages in crypto bourses – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/investors-face-loses-amid-outages-in-crypto-bourses/article34607768.ece Crash in price led to heavy transactions on the platforms Indian crypto investors were left in the lurch amid crashing prices, as domestic
RBI makes mobile wallet interoperability mandatory from FY23 – The Economic Times
Clipped from: https://economictimes.indiatimes.com/tech/tech-bytes/rbi-makes-mobile-wallet-interoperability-mandatory-from-fy23/articleshow/82777061.cmsSynopsis Additionally, mobile wallets such as Paytm, PhonePe and Mobikwik can now be used for cash withdrawals up to Rs 2,000. The wallet limit
Now, Mitsui arm challenges Rs 2,400 crore retro tax order – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/now-mitsui-arm-challenges-2400-crore-retro-tax-order/articleshow/82759812.cmsSynopsis The government is facing a fresh international challenge to the policy of retrospective tax amendments adopted by it. Now, Earlyguard, a British subsidiary
Insured, but still paying 40% of Covid treatment costs – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/insure/insured-but-still-paying-40-of-covid-treatment-costs/articleshow/82785513.cms Synopsis–That’s because insurers are not aligning payouts to realities of Covid treatment. Fine prints of most health policies exclude coverage of expenses on
Data Storage: Storage made smart & simple – The Financial Express
Clipped from: https://www.financialexpress.com/industry/technology/data-storage-storage-made-smart-simple/2255181/ Cloud storage-as-a-service is the new approach to mass capacity data storage and management Grace Liu Portrait By Grace Liu Businesses today need a
Shed vaccine IPR intransigence: EU must realise waivers crucial for the fight against Covid-19 – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/shed-vaccine-ipr-intransigence-eu-must-realise-waivers-crucial-for-the-fight-against-covid-19/2255197/ It is hard to fathom why patent-sharing should seem a better option while the objective is low-cost and wide vaccine access. Opponents of
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