The Supreme Court (“SC”) has in its judgement dated March 22, 2021, in the matter of Sesh Nath Singh & Another v. Baidyabati Sheoraphuli Co-Operative Bank Limited and Another [Civil Appeal No. 9198 of 2019] (“Judgement”) held that provisions of the Limitation Act, 1963 (“Act”) would apply mutatis mutandis to proceedings under the Insolvency and […]
The National Company Law Tribunal, Mumbai bench (“NCLT”) has in its order dated March 09, 2021 (“Judgement”), in the matter of Gaurav Jain v. Sanjay Gupta [IA No. 2264 of 2020 in C.P.(IB)No. 1239/MB/2018], allowed an application seeking reliefs essential to run a corporate debtor sold as ‘going concern’ during liquidation. Facts The Bank of […]
The Hon’ble Bombay High Court (“BHC”) has in its judgment dated January 29, 2021 (“Judgement”), in the matter of Aniket SA Investments LLC v. Janapriya Engineers Syndicate Private Limited and Others [Commercial Appeal No. 504/2019], held that a choice of seat is itself an expression of party autonomy and carries with it the legal effect […]
Supreme Court: (i) A contract is void if prohibited by a statute under a penalty, even without an express declaration that the contract is void (ii) The condition predicated in Section 31 of the Foreign Exchange Regulation Act, 1973, of obtaining ‘previous’ general or special permission of the Reserve Bank of India for transfer or […]
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 Bombay High Court in Skoda Auto Volkswagen India Pvt. Ltd. v. Commissioner (Customs), wherein it has been held that limitation period of 3 months is different from the limitation period of […]
In continuation to our detailed analysis of the Finance Bill 2021, amendments made to the proposals of the Bill, which are now incorporated in the Finance Act, 2021, are summarised in our publication, TaxBuzz. To read the TaxBuzz, click at the ‘Download Newsletter. We trust that you will find the same useful. Looking forward to receiving […]
