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- Jan 30
- 3 min
No Predicate Offence, No Money Laundering: Delhi High Court Upholds Acquittal of Dr. Jeevan Kumar
Introduction In the case of Jeevan Kumar v. Directorate of Enforcement[i], a petition was filed in the High Court of Delhi (‘Court’)...
- Jan 29
- 3 min
ITAT Strikes Down Notice under S. 148 of the IT Act for Lack of Prima Facie Satisfaction
Introduction In the recent case of AEP Investments (Mauritius) Ltd. v. The ACIT Circle Int Tax 1(1)(1), Delhi[i], the Income Tax...
- Jan 25
- 2 min
NCLAT Rejects the Corporate Debtor’s Late Financial Claim After CIRP Approval
NCLAT enforces strict CIRP timelines, dismissing Kotak Bank's 738-day late claim.
- Jan 24
- 3 min
Insolvency Resolution Process: Adherence to Procedural and Jurisdictional Requirements under IBC
Introduction The Insolvency and Bankruptcy Code, 2016 (‘IBC’) has been a transformative legislation in India, aiming to provide a speedy...
- Jan 23
- 4 min
Comprehensive Analysis of Set-Off Applicability Under the Insolvency and Bankruptcy Code
Introduction In the recent case of Bharti Airtel Ltd. (‘BAL’) v. Vijaykumar V. Iyer[i], the Hon’ble Supreme Court (‘SC’) clarified that...
- Jan 22
- 3 min
Decoding the Grey: ITAT Upholds Revenue’s Stance Against Penny Stock Schemes
Explore the ITAT's decisive ruling on tax exemptions for penny stock gains. A critical look at legal complexities.
- Jan 22
- 3 min
Dissecting S. 29A of the IBC: NCLAT Clarifies Resolution Applicant Eligibility in Insolvency Cases
Introduction This case, Vishram Narayan Panchpor v. Committee of Creditors[i], involves an appeal before the National Company Law...
- Jan 22
- 4 min
Dissenting Financial Creditors and Resolution Plans under IBC: Division Bench of Supreme Court Refers Matter to a Larger Bench
Introduction In the recent judgment in the matter of DBS Bank Limited Singapore v. Ruchi Soya Industries Limited and Another[i], the...