The National Company Law Appellate Tribunal (“NCLAT”) has in its judgement dated December 18, 2020 (“Judgement”) in the matter of Mr Rajnish Jain v. BVN Traders and Others [Company Appeal (Insolvency) No. 519 of 2020], held that neither the Committee of Creditors (“CoC”) has the power to determine, nor the resolution professional has the power […]
The Hon’ble Supreme Court (“SC”) by way of its judgement dated January 11, 2021 in the matter of M/s N.N. Global Mercantile Private Limited v. M/s Indo Unique Flame Limited and Others [Civil Appeal Nos. 3802 – 3803/ 2020 arising out of SLP (Civil) Nos. 13132 – 13133 of 2020)] (“Judgement”) laid down that an […]
The Hon’ble Finance Minister presented the Finance Bill 2021 in an unprecedented environment of economic slowdown. The Budget focused on measures to boost the economy and as promised by the Hon’ble Finance Minister, it is a “Budget Like Never Before”. However, as it is said, the ‘Devil lies in the details’. In the Finance Bill, […]
We are pleased to share with you the copy of our latest GST Café, which is a briefing on the judgment of the Hon’ble High Court of Delhi in Dhruv Kishan Maggu v. Union of India, where the constitutionality of section 69 read with section 132 of the CGST Act was upheld by the court. […]
We are pleased to share with you the copy of our latest GST Café to be published, which is a briefing on the judgment of the Hon’ble Supreme Court in Devendra Dwivedi v. Union of India, where various provisions of the CGST Act were challenged in a Writ Petition on the ground of violation of […]
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 […]
