The National Company Law Appellate Tribunal (“NCLAT”) has in its judgment dated November 10, 2020 (“Judgement”) in the matter of Promila Taneja v. Surendri Design Private Limited [Company Appeal (Insolvency) No. 459 of 2020], held that rent is not to be considered as an operational debt (“Operational Debt”) as defined under Section 5(21) of Insolvency […]
The Hon’ble Supreme Court (“SC”) has in its judgment dated December 14, 2020 (“Judgement”) in the matter of Vidya Drolia and Others v. Durga Trading Corporation [Special Leave Petition (Civil) Nos. 5605-5606 of 2019], held that landlord-tenant disputes are arbitrable as the Transfer of Property Act, 1882 (“TPA”) does not forbid arbitration. However, the landlord-tenant […]
The National Company Law Appellate Tribunal (“NCLAT”) by way of its judgement dated November 24, 2020 in the matter of State Bank of India v. Athena Energy Ventures Private Limited [CA (AT) (Ins) No. 633 of 2020] set aside the order passed by the National Company Law Tribunal, Hyderabad Bench (“NCLT”) on March 4, 2020. […]
The Supreme Court (“SC”) has in its judgment dated November 26, 2020 in the matter of M/s Noy Vallesina Engineering SpAv. M/s Jindal Drugs Limited and Others [Civil Appeal No. 8607 of 2010], held that proceedings under Section 34 of the Arbitration and Conciliation Act, 1996 (“ACA”) are not maintainable against a foreign award. Facts […]
We are pleased to share with you the copy of our latest publication of GST Café, a briefing on the amendment made to Rule 59 of the Central Goods and Services Rules, 2017 by the Central Government, vide notification no. 01/2021 dated 1st January, 2021. To read the GST Cafe, click at the Download Newsletter. We […]
We are pleased to share with you the copy of our latest publication of GST Café, a briefing on the judgment of the Hon’ble Supreme Court in Skill Lotto solutions P. Ltd V Union of India. In the present case levy of Goods and Services Tax (“GST”) on the sale and distribution of lotteries has […]
