While the Income Tax Department enjoys a limited jurisdiction to continue assessment proceedings, it cannot suo moto initiate recovery for tax dues – during liquidation process – NCLAT, New Delhi
Avil Menezes, Liquidator of Sunil Hitech and Engineers Limited Vs. Principal Chief Commissioner of Income Tax, Mumbai Introduction:- In the case of Avil Menezes (Liquidator) v. Principal Chief Commissioner of Income Tax, Mumbai[1], The Hon’ble
Can a delay caused by a stay granted by a Higher Court in implementation of a Resolution Plan be excluded from the time given for the implementation of the Resolution Plan?
Introduction: In the matter of Majestic Auto Limited v. Sharan Hospitality Pvt Ltd. & Anr.[i], the Hon’ble NCLAT held that when a Higher Court grants a stay order which puts an embargo on implementation of
Delhi High Court Holds Employment Lock-In Period Clauses As Enforceable, And Disputes On These As Arbitrable
The Hon’ble Delhi High Court (“HC”) recently ruled that a reasonable lock-in period in an employment contract is lawful and thereby, does not infringe upon fundamental rights. The HC clarified that disputes arising from such
Our Senior Partner Shiju PV Quoted in Business Standard
In a recent article published by Business Standard titled “New asset class to foster innovation, raise competition, say experts”, Our Senior Partner Shiju Pv shares his expert insights. Shiju Opined “It is a good opportunity
RBI Issues Revised Master Directions On Fraud
The Hon’ble Supreme Court (“SC”) in State Bank of India & Ors. v. Rajesh Agarwal & Ors.[i] had clarified that principles of natural justice must be upheld while declaring any individual / entity as fraud.
Code Of Civil Procedure 1908 | Application Under Order Vii Rule 11 Cannot Be Rejected On The Ground That Written Statements Is Not Filed
The Hon’ble Karnataka High Court (“HC”) on 24th June 2024, passed an order[1] pronouncing that, “The filing of a written statement is not a condition precedent for considering an application under Order VIII Rule 11
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