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Corporate Law

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Corporate Insolvency Hurdles: Legal Challenges Mount in Bhushan Power & Steel Case
Posted inBlog

Corporate Insolvency Hurdles: Legal Challenges Mount in Bhushan Power & Steel Case

Unpack the legal complexities and procedural delays stalling the Bhushan Power & Steel insolvency case, from IRP replacement to debt classification disputes.
Posted by Prasenjit Bhowmik June 5, 2026
Legal Challenges Mount in Bhushan Power and Steel Insolvency Proceedings
Posted inBlog

Legal Challenges Mount in Bhushan Power and Steel Insolvency Proceedings

New Challenges to Interim Resolution Professional AppointmentsIn a significant development for the corporate insolvency landscape, legal representatives for Devi Singh, the suspended director of Atma Ram, filed applications on June…
Posted by Prasenjit Bhowmik June 4, 2026
Appellate Tribunal Dismisses Kumkum Bhatia vs. Adelco Consultancy Appeal as Infructuous
Posted inBlog

Appellate Tribunal Dismisses Kumkum Bhatia vs. Adelco Consultancy Appeal as Infructuous

NCLAT dismisses Kumkum Bhatia's appeal against Adelco Consultancy as infructuous following the withdrawal of the original company petition.
Posted by Prasenjit Bhowmik June 4, 2026
CESTAT Ruling Clarifies Double Taxation Rules for Sponsorship Services
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CESTAT Ruling Clarifies Double Taxation Rules for Sponsorship Services

The Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has issued a landmark ruling, quashing a demand for service tax on sponsorship services in a case where the tax liability…
Posted by Prasenjit Bhowmik June 3, 2026
Appeal Withdrawn in Sanghi vs. Ambuja Cements Legal Dispute
Posted inBlog

Appeal Withdrawn in Sanghi vs. Ambuja Cements Legal Dispute

A major corporate legal battle concludes as Alok Sanghi withdraws his appeal against Ambuja Cements, ending a significant NCLAT dispute.
Posted by Prasenjit Bhowmik June 3, 2026
Appeal Withdrawn in Legal Dispute Between Alok Sanghi and Ambuja Cements
Posted inBlog

Appeal Withdrawn in Legal Dispute Between Alok Sanghi and Ambuja Cements

Alok Sanghi withdraws his appeal against Ambuja Cements, bringing a definitive end to their legal dispute at the NCLAT.
Posted by Prasenjit Bhowmik June 3, 2026
Appellate Tribunal Reviews Procedural Delays in Mahabir Jute Mills Dispute
Posted inBlog

Appellate Tribunal Reviews Procedural Delays in Mahabir Jute Mills Dispute

On May 27, 2026, the National Company Law Appellate Tribunal (NCLAT) initiated a review of a legal challenge filed by Shri Bishnu Kumar Maskara and others against The Mahabir Jute…
Posted by Prasenjit Bhowmik June 2, 2026
Allahabad High Court Limits Tax Department's Power in Section 68 Share Capital Additions
Posted inBlog

Allahabad High Court Limits Tax Department’s Power in Section 68 Share Capital Additions

The Allahabad High Court recently ruled that the Income Tax Department cannot arbitrarily add share capital amounts to an assessee's taxable income under Section 68 of the Income Tax Act…
Posted by Prasenjit Bhowmik June 1, 2026
Tribunal Clarifies CSR Donations Remain Eligible for Section 80G Tax Deductions
Posted inBlog

Tribunal Clarifies CSR Donations Remain Eligible for Section 80G Tax Deductions

Discover how the ITAT ruling confirms CSR donations are eligible for Section 80G tax deductions, clarifying tax relief for businesses.
Posted by Prasenjit Bhowmik June 1, 2026
CESTAT Ruling Clarifies CENVAT Credit Reversal in Excise Disputes
Posted inBlog

CESTAT Ruling Clarifies CENVAT Credit Reversal in Excise Disputes

A new CESTAT ruling clarifies CENVAT credit reversal in excise disputes, impacting manufacturers and Rule 6 interpretations.
Posted by Prasenjit Bhowmik June 1, 2026

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  • ITAT Remands Section 270A Penalty Case if Quantum Appeal Was Still Pending
  • Calcutta High Court Ruling Establishes TDS Records as Legal Proof of Financial Relationships
  • CESTAT Ruling Strengthens CENVAT Credit Eligibility Based on Service Nexus
  • NCLAT Finalizes Resolution Plan Stance, Dismissing GNIDA Appeal

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