The Supreme Court of India (“SC”) has vide its judgment dated December18, 2019 (“Judgment”), highlighted the difference between inadequacy of reasons in an arbitral award and unintelligible arbitral awards passed under the Arbitration and Conciliation Act, 1996 (“Act”). FACTS DCM Shriram Aqua Foods Limited (“DCM”) had entered into a contract (“Contract”) with M/s. Crompton Greaves […]
On December 10, 2019, the constitutional bench of the Supreme Court (“SC”) in the case of Rajendra Diwan v. Pradeep Kumar Ranibala and Another, has held that section 13(2) of the Chhattisgarh Rent Control Act, 2011 (“Act”) is unconstitutional. The provision stipulates that an appeal directly to the SC against the order of RentControl Tribunal, […]
In the case of Embassy Property Developments (Private) Limited v. State of Karnataka and Others (decided on December 3, 2019), the Supreme Court of India (“SC”) outlined the scope of intervention by High Courts in cases of orders passed by the National Company Law Tribunal (“NCLT”). A set of three appeals had been filed before […]
Corporate taxpayers are required to file their return of income on or before the due date prescribed under section 139(1) (30th September/30th November of the subsequent year). Further, after filing of the said return, if the taxpayer discovers any omission or any wrong statement therein, then a revised return can be filed only within the […]
We are pleased to share with you a copy of our latest publication – GST Café, a briefing on recent developments related to Goods and Services Tax (GST). The present newsletter provides an insight into the extension of filing declaration under the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 and amendments/changes notified on 01.01.2020 under […]
The Supreme Court of India (“SC”), on November 15, 2019 upheld the order approving the resolution plan submitted by ArcelorMittal India Private Limited (“ArcelorMittal”) for Essar Steel India Limited (“Essar”) and upheld the constitutional validity of the Insolvency and Bankruptcy Code (Amendment) Act, 2019. FACTS On August 02, 2017, the National Company Law Tribunal, Ahmedabad […]
