Application for initiating CIRP under section 7 of the Act is allowed where corporate debtor has availed loan facility and failed to make its repayment. ... Read more..
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3d ago
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Duty of Magistrate under section 14 is only to ascertain whether secured assets fall within his jurisdiction and to verify from bank or financial institutions whether notice under section 13(2) has be ... Read more..
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3d ago
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Where notice under section 143(2) was issued in the instant case beyond the period of limitation prescribed in the statute hence, was an invalid notice and thus in absence of a valid notice issued, th ... Read more..
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3d ago
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Valuation of shares in respect of exit offer was suspect and its veracity was doubtful and in contravention of SEBI Act, in the interest of justice and in order to protect interest of non-promoter sha ... Read more..
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2w ago
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The approved resolution plan is liable to be rejected or modified when it is not prepared in consonance with the provisions of law. ... Read more..
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For deciding the applicability of provisions of section 44AB would be the term ‘gross receipts’, the assessee carrying on the business of financing, bona fidely believed that gross receipts of interes ... Read more..
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2w ago
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Additional income was offered towards the difference in stock by assessee. Pr. CIT had not brought anything contrary to record to state that amount admited towards excess stock was unexplained investm ... Read more..
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2w ago
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When assessment was taken up for limited scrutiny, Pr. CIT could not hold the assessment order as erroneous and prejudicial to the interest of revenue in respect of issues which were not subject-matte ... Read more..
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2w ago
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Application under section 9 of the Code for initiating CIRP is not maintainable where its condition of absence of pre-existing dispute between the corporate debtor and operational creditor is not sati ... Read more..
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3w ago
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Sections 118 and 139 of the Act clearly provide that it shall be presumed, unless the contrary is proved, that the holder of a cheque received the cheque of the nature referred to in section 138 for t ... Read more..
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3w ago
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