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ITAT Mumbai Clarifies Critical Banking Taxation Standards for AY 2010-11
ITAT Mumbai's landmark ruling clarifies banking taxation for AY 2010-11, resolving disputes on pension funds, bad debts, and regulatory disallowances.
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Navigating the Conversion of Limited Share Capital Companies into Guarantee Companies
Recent rulings by the National Company Law Tribunal (NCLT) have established a significant precedent for corporate restructuring, confirming that companies limited by shares can transition into companies limited by guarantee…
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NCLT Allows Shares-to-Guarantee Conversion Despite Regulatory Hurdles
The Allahabad Bench of the National Company Law Tribunal (NCLT) has issued a landmark ruling, permitting a company to proceed with the conversion of its share capital into a company…
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Supreme Court Review: BMW India Legal Dispute Over Consumer Complaint Deadlines
Legal Precedent on Consumer Complaint TimelinesOn May 26, 2026, the legal dispute between BMW India Pvt. Ltd. and India News Communications Ltd. reached a pivotal stage, as the court deliberated…
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NCLAT Ruling on E-Filing Deadlines Sparks Debate Over Digital Court Hours
The Clock Strikes Midnight: Legal Deadlines in the Digital AgeIn a significant legal development on May 29, 2026, the National Company Law Appellate Tribunal (NCLAT), led by Justice Ashok Bhushan,…
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ITAT Ruling Strengthens Taxpayer Defense Against Section 68 Additions
The Income Tax Appellate Tribunal (ITAT) recently ruled in favor of an assessee, deleting a contentious addition under Section 68 of the Income Tax Act after determining that a mere…
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NCLAT Ruling on E-Filing Deadlines Sets Precedent for Digital Legal Procedures
Discover how the NCLAT's landmark ruling on e-filing timestamps impacts digital legal procedures and deadlines, setting a crucial precedent.
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NCLAT Reviews Insolvency Proceedings Against Bliss Following Suspended Director’s Appeal
On May 29, 2026, the National Company Law Appellate Tribunal (NCLAT), led by Justice Ashok Bhushan, commenced hearings regarding two appeals filed by Bindu Kapoor, the suspended director of Bliss,…
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Lender Banks Face Contempt Over Rolled-Over BG Limits in Jyoti Structures Case
NCLAT reviews an NCLT order threatening banks with imprisonment for not releasing rolled-over BG limits to Jyoti Structures, impacting corporate insolvency.
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Aidem Ventures’ Insolvency Petitions Rejected by NCLT, Appeals Filed
Discover why Aidem Ventures' insolvency petitions were rejected by NCLT and their subsequent appeals to NCLAT.