The Supreme Court (“SC”) has in its judgement dated February 1, 2021 in the matter of Phoenix Arc Private Limited v. Spade Financial Services Limited and Others [Civil Appeal No. 2842 of 2020] (“Judgement”) held that those related party financial creditors that cease to be related parties in order to circumvent their exclusion from the […]
We are pleased to share with you a copy of our in-house publication – “TaxBuzz…”, wherein we have analysed the recent decision of the Supreme Court in the case of Engineering Analysis Centre of Excellence Private Limited v. CIT [Civil (Appeal) 8733-8734 of 2018 (SC)] wherein the Court has held that payments made by resident […]
We are pleased to share with you a copy of our in-house publication – “TaxBuzz…”, wherein we have analysed the recent landmark decision of the Tribunal in the case of Maruti Suzuki holding the amendment in section 254(2A) requiring deposition of 20% of the demand or furnishing security of adequate amount is only applicable to […]
We are pleased to share with you a copy of our in-house publication – “TaxBuzz…”, wherein we have analysed the Circular No. 2 of 2021 dated 03.03.2021 issued by CBDT for determining residential status of individuals stranded in India owing to the ongoing coronavirus pandemic during the financial year 2020-21. The Circular issued by the […]
The Telangana High Court (“THC”) by its judgement dated December 10, 2020 in the matter of Mr. Rajesh Agarwal v. Reserve Bank of India and Others (Writ Petition No: 19102 of 2019) allowed the writ petition filed by a director of a company under Article 226 (Power of High Courts to issue certain writs) of the […]
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 […]
