Clipped from: https://taxguru.in/goods-and-service-tax/harass-lawyers-exempt-gst-sending-notices.html Devi Prasad Tripathy Vs. Principal Commissioner CGST and Central Excise (Orissa High Court) High Court expresses its concern that practising advocates should not
Category: Legal
Indian Insolvency Quarterly Roundup 2021 (January 2021 To March 2021) – Insolvency/Bankruptcy/Re-structuring – India
Clipped from: https://www.mondaq.com/india/insolvencybankruptcy/1054818/indian-insolvency-quarterly-roundup-2021-january-2021-to-march-2021 The year began on a high note, with several noteworthy judgments being delivered by the Indian Supreme Court in matters involving the Insolvency
The Concept Of “As-Is Where-Is” And “As-Is What-Is” A Secured Creditor’s Point Of Responsibility? – Finance and Banking – India
Clipped from: https://www.mondaq.com/india/securitization-structured-finance/1044610/the-concept-of-as-is-where-is-and-as-is-what-is-a-secured-creditor39s-point-of-responsibility Introduction As the legal framework for curtailing and controlling mounting Non-Performing Assets (“NPA“) started becoming inadequate, there was a spike in the number
The Concept Of “As-Is Where-Is” And “As-Is What-Is” A Secured Creditor’s Point Of Responsibility? – Finance and Banking – India
lipped from: https://www.mondaq.com/india/securitization-structured-finance/1044610/the-concept-of-as-is-where-is-and-as-is-what-is-a-secured-creditor39s-point-of-responsibility Introduction As the legal framework for curtailing and controlling mounting Non-Performing Assets (“NPA“) started becoming inadequate, there was a spike in the number
Tax indemnity clause leads to friction among buyers & sellers of firms | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/irritant-for-pe-players-as-m-as-face-friction-over-tax-indemnity-clause-121042901412_1.html The Centre had allowed the tax dept more time to relook at old transactions Buyers and sellers of companies are clashing over how long they
Why vehicle owners may have no truck with scrappage policy – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/why-vehicle-owners-may-have-no-truck-with-scrappage-policy/article34436641.ece?homepage=true For those with old trucks, the policy’s appeal is limited due to poor cost economics Owners of old trucks might not find it
Information Utility advantage – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/information-utility-advantage/article34442461.ece Part of IBC framework, Information Utility is a boon for creditors One of the biggest challenges faced by business entities, especially the smaller
What did Centre do in last 14 months: Madras HC – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/what-did-centre-do-in-last-14-months-madras-hc/articleshow/82320982.cmsSynopsis Responding to the additional solicitor general’s submission that the Covid-19 surge was ‘unexpected’, Chief Justice Sanjib Banerjee said the Centre should have acted
Decide on cashless Covid treatment in an hour: Irdai to insurance firms | Business Standard News
Clipped from: https://www.business-standard.com/article/current-affairs/insurers-given-an-hour-to-inform-hospitals-of-cashless-nod-for-covid-claims-121042901124_1.html Order follows a Delhi HC directive to the insurance regulator on this issue The Insurance Regulator and Development Authority (Irdai) on Thursday asked
Pandemic may cut life policy cover – The Economic Times
lipped from: https://economictimes.indiatimes.com/wealth/personal-finance-news/pandemic-may-cut-life-policy-cover/articleshow/82286115.cmsSynopsis The situation in life insurance is similar to health where insurers are cautious in terms of accepting proposals from those who have recently
Promoters go for ‘asset protection trusts’ fearing default – The Economic Times
lipped from: https://economictimes.indiatimes.com/news/company/corporate-trends/promoters-go-for-asset-protection-trusts-fearing-default/articleshow/82298238.cms Synopsis–Many companies have seen profitability crash or even entire business models facing major disruption due to Covid pandemic driven demand slump. The fear
Acre ARC set to purchase Indiabulls assets – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/acre-arc-set-to-purchase-indiabulls-assets/articleshow/82310813.cmsSynopsis The deal is yet another attempt by the Sameer Gehlaut-led Indiabulls Group to shed capital-intensive assets as it moves to a new business
Jaypee Infratech insolvency: NBCC sweetens bid, to offer up to 1,903 acres land to lenders – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/jaypee-infratech-insolvency-nbcc-sweetens-bid-to-offer-up-to-1903-acres-land-to-lenders/articleshow/82315910.cmsSynopsis Earlier this month, NBCC and Mumbai-based Suraksha group submitted their fresh bids to acquire Jaypee Infratech through the insolvency process, as per the
Madras HC orders CBI probe into ‘artificial cement scarcity, price fixing’ – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/madras-hc-orders-cbi-probe-into-artificial-cement-scarcity-price-fixing/article34433265.ece?homepage=true Hearing the petition filed by the Class I Contractors Welfare Association on Wednesday, Justice Bhavani Subbarayan directed CBI counsel Srinivasan to ‘take notice,’
Bombay HC directs Palghar Police to stay probe against Indiabulls Housing Finance – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/india/bombay-hc-directs-palghar-police-to-stay-probe-against-indiabulls-housing-finance/articleshow/82297054.cmsSynopsis The mortgage lender had approached the court after a company shareholder approached the local police station in the Palghar District alleging siphoning of
SC extends limitation period for filing of cases/appeals till further orders : The Tribune India
lipped from: https://www.tribuneindia.com/news/nation/sc-extends-limitation-period-for-filing-of-cases-appeals-till-further-orders-244912 Satya Prakash Tribune News Service New Delhi, April 27 As second wave of COVID-19 hits India, the Supreme Court on Tuesday extended the
Pre-institution mediation, abolishing IP Appellate Board to help MSMEs with speedy justice: Law ministry – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/pre-institution-mediation-abolishing-ip-appellate-board-to-help-msmes-with-speedy-justice-law-ministry/2240639/ Ease of Doing Business for MSMEs: The government had promulgated an ordinance on April 4, 2021, to abolish five appellate tribunals including the
Crores of traders urge FM Nirmala Sitharaman to defer GST, income tax compliances by three months – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/crores-of-traders-urge-fm-nirmala-sitharaman-to-defer-gst-income-tax-compliances-by-three-months/2239771/ Covid impact on MSMEs: “The daily business loss due to lockdown in Delhi is likely to be around Rs 600 crore while for
Police book Indiabulls promoters, directors; firm moves court to quash FIR | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/police-book-indiabulls-promoters-directors-firm-moves-court-to-quash-fir-121042700022_1.html The Enforcement Directorate (ED) is learnt to have reached out to the police team seeking details of the case, a senior official confirmed
Election Commission responsible for spreading Covid-19, should probably be booked for murder: Madras HC | India News,The Indian Express
Clipped from: https://indianexpress.com/article/india/eci-responsible-for-spreading-covid-19-says-madras-hc-7289824/ Criticising the ECI for not stopping political parties from violating the Covid protocols, the first bench of Chief Justice Sanjib Banerjee and Justice
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