Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-moves-to-clean-up-digital-lending-mandates-transparency-in-loan-offers/article69556751.ece Lenders must list all digital loan apps—whether their own or operated by partners—on the RBI’s CIMS portal, either exclusively or as part of
*****Bhushan Steel ruling can help strengthen IBC – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/bhushan-steel-ruling-can-help-strengthen-ibc/article69550247.ece It restores discipline to the insolvency process, sets clear limits on tribunal powers, protects the independence of enforcement agencies The Supreme Court ruling
Ex promoter of Bhushan Power moves NCLT to enfore SC’s liquidation order – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/news/ex-promoter-of-bhushan-power-moves-nclt-to-enfore-scs-liquidation-order/article69557213.ece Singhal’s plea comes even as the government, lenders, and JSW Steel prepare to file a review petition against the SC verdict Sanjay Singhal,
Govt steps up vigil as cyberattacks rise since Pahalgam terror attack
Clipped from: https://www.business-standard.com/industry/news/govt-steps-up-vigil-as-cyberattacks-rise-since-pahalgam-terror-attack-125050701493_1.html Tells Cert-in, banks, power stations to be on high alert Banks have also stepped up their vigil and response practice in anticipation of
Bhushan Steel: Was liquidation the only solution? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/bhushan-steel-was-liquidation-the-only-solution/article69546180.ece The SC judgment has followed the letter of the law. But it has hit the interests of the company, creditors and employees The
Twisted steel – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/twisted-steel/article69545234.ece SC’s Bhushan Steel verdict raises difficult questions The verdict does not show the IBC in a good light | Photo Credit: Akhilesh In
*******Income Tax Return Filing: Complete ITR Form 1 Checklist for AY 2025-26
Clipped from: https://www.taxscan.in/income-tax-return-filing-complete-itr-form-checklist-for-ay/514406/?utm_source=signinbutton&utm_medium=txn&utm_campaign=checkoutsigninbtn For individual taxpayers with basic income sources, ITR Form 1 (Sahaj) is a one-page income tax return form. To make tax filing easier
*******SC Dismisses Reassessment Case for Non-Compliance with Section 148A
Clipped from: https://taxguru.in/income-tax/sc-dismisses-reassessment-case-non-compliance-section-148a.html ITO Vs R.K. Build Creations Private Limited (Supreme Court of India) The Supreme Court of India has dismissed a Special Leave Petition filed
*****ITR filing 2025: ITR forms 1, 2, 3, 4 and 5 notified for FY 2024-25; key differences explained for taxpayers – ITR filing 2025: ITR forms 1, 2, 3, 4 and 5 notified for FY 2024 25; key differences explained for taxpayers BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/itr-filing-2025-itr-forms-1-2-3-4-and-5-notified-for-fy-2024-25-key-differences-explained-for-taxpayers-474887-2025-05-06 The I-T department has notified new ITR forms for FY 2024-25, detailing eligibility and exclusions for each form. These tax filing forms cater to
*****I am paying monthly rent more than Rs 50,000. Should I deduct TDS monthly or once yearly? – I am paying monthly rent more than Rs 50,000. Should I deduct TDS monthly or once yearly? BusinessToday
Clipped from: https://www.businesstoday.in/personal-finance/tax/story/i-am-paying-monthly-rent-more-than-rs-50000-should-i-deduct-tds-monthly-or-once-yearly-474892-2025-05-06 Under Section 194-IB, individuals or HUFs (not liable for tax audit) are required to deduct 2% TDS only “once” – at the time
*****NCLT, NCLAT can’t review PMLA decision: Supreme Court in BPSL case | Company News – Business Standard
Clipped from: https://www.business-standard.com/companies/news/sc-bpsl-case-nclt-nclat-have-no-power-over-pmla-authority-125050500690_1.html The Supreme Court has ruled that NCLT and NCLAT lack judicial review power over statutory decisions under the PMLA in the Bhushan Power
Govt weighing next move after SC’s JSW-BPSL order: DFS Secretary M Nagaraju | Company News – Business Standard
Clipped from: https://www.business-standard.com/companies/news/govt-reviews-sc-order-on-bhushan-steel-idbi-sale-to-conclude-2025-125050500787_1.html The DFS is assessing the Supreme Court’s Bhushan Steel ruling with lenders and may chart next steps soon; IDBI Bank’s 61 per cent
JSW Steel set for a long-drawn battle as SC upholds ED attachment of Bhushan Power assets – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/companies/jsw-steel-set-for-a-long-drawn-battle-as-sc-upholds-ed-attachment-of-bhushan-power-assets/article69540941.ece Apex court ruled that the National Company Law Appellate Tribunal has no jurisdiction to adjudicate on the Prevention of Money Laundering Act and
Govt reviews SC judgment quashing JSW Steel’s ₹19,700 crore acquisition of Bhushan Power and Steel – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/govt-reviews-sc-judgment-quashing-jsw-steels-19700-crore-acquisition-of-bhushan-power-and-steel/article69540444.ece “We are studying the judgment and the possible course of action. We will finalise our next step after discussing with our senior government
With JSW Steel-Bhushan deal scrapped banks may have to take a hit to their balance sheets – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/companies/with-jsw-steel-bhushan-deal-scrapped-banks-may-have-to-take-a-hit-to-their-balance-sheets/article69541856.ece Banks would rather seek RBI permission to dip into their reserves to pay the acquirer than allow their profit & loss (P&L) to
JSW Steel may seek legal recourse against SC’s rejection of Bhushan Power & Steel acquisition – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/companies/jsw-steel-may-seek-legal-recourse-against-scs-rejection-of-bhushan-power-steel-acquisition/article69541593.ece Bhushan accounts for over 12 per cent of JSW Steel’s annual production of 34 million tonnes per annum (mtpa) Apex court held that
*****SC flags RP’s failures in Bhushan Power and Steel’s insolvency plan
Clipped from: https://www.business-standard.com/industry/news/sc-flags-rp-lapses-in-bhushan-power-insolvency-plan-125050501067_1.html Supreme Court cites non-compliance by resolution professional in Bhushan Power case, declaring JSW Steel’s plan illegal and urging greater due diligence under IBC
SC criticises lack of crypto regulation, compares bitcoin trade to hawala – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/cryptocurrency/sc-criticises-lack-of-crypto-regulation-compares-bitcoin-trade-to-hawala/article69543473.ece The remarks came during a bail hearing for Shailesh Babulal Bhatt, arrested for alleged illegal Bitcoin trade. Senior advocate Mukul Rohatgi argued that
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