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FINANCE ACT AND THE TRIBUNAL
NCLT to admit case only if debt, default established: Insolvency & Bankruptcy (Amendment) ActNew Delhi: Legal experts highlighted that the Insolvency and Bankruptcy (Amendment) Act 2026 mandates 'debt' and 'default' for NCLT case ad...- NCLAT revives IL&FS plea in Rs 1,080 crore circuitous transactions, sets aside NCLT orderThe National Company Law Appellate Tribunal (NCLAT) has revived IL&FS's plea concerning Rs 1,080 crore in alleged circuitous lending transa...
- Govt extends GSTAT appeal filing deadline to July 31Taxpayers get a breather as the government extends the Goods and Services Tax Appellate Tribunal (GSTAT) appeal filing deadline by a month ...
- Kolkata woman made Rs 26 crore profit in stocks and paid zero tax: Here's how she did it legallyA Kolkata businesswoman, Saroj Goenka, legally saved ₹26 crore in taxes by reinvesting long-term capital gains from share sales into constr...
- Govt said to accept tweaks to Securities Markets Code draftThe government has accepted significant changes to the proposed Securities Markets Code. Investigation timelines will be extended to one ye...
- Booked flats in 2005, still awaiting possession: Builder ordered to pay 10.05% interest to homebuyers for nearly 20-year delayThe Bombay High Court, in its ruling, said a builder can’t indefinitely retain purchasers’ money while failing to deliver homes. For the de...
- The billionaire shakedown: How India changed its 'default' settingsIndia's decade-old Insolvency and Bankruptcy Code has revolutionized corporate finance, ending a 'defaulter's paradise' and recovering tril...
- SC seeks Centre, ED responses on plea alleging Rs 14,000 crore diversion in Noida, Yamuna Expressway housing projectsThe Supreme Court has issued notices to the Centre, Enforcement Directorate, RBI, Uttar Pradesh authorities, and several real estate firms....
- 30 lakh beneficiaries of TMC govt's direct cash transfer scheme for women ineligible: Suvendu AdhikariWest Bengal's Chief Minister Suvendu Adhikari has unveiled the 'Annapurna Bhandar' initiative, set to take over from the previous 'Lakshmir...
- Annapurna Yojana launched: Who will get Rs 3,000 monthly financial assistance from June 1, 2026West Bengal's Annapurna Yojana, effective June 1, 2026, will provide Rs 3,000 monthly financial aid to eligible women aged 25-60. This sche...
- Mythos: A challenge for the Indian banking systemClaude Mythos, a cutting-edge AI tool, has unearthed significant weaknesses in cybersecurity systems. In response, Indian authorities are s...
- NCLT upholds Aanand Rai's plea in row with Eros InternationalThe NCLT has permitted filmmaker Aanand L Rai to pursue arbitration in a dispute with Eros International Media. The tribunal deemed Eros's ...
- Tax shadow over charitable trusts with 'profit' motiveThree top-notch hospitals in Mumbai and a famous international spiritual organisation-all functioning as charitable trusts-have been denied...
- Tribunals with high pendency abolished; Bill passed in monsoon session reduces tribunals from 36 to 15Some of the tribunals abolished include those under Cinematograph Act, 1952, the Trade Marks Act, 1999, Copyright Act, 1957, Customs Act, 1...
- Parliament passes Tribunals Reforms Bill, 2021; set to abolish nine appellate tribunalsThe bill moved by Finance Minister Nirmala Sitharaman was passed by a voice vote in Rajya Sabha, while a statutory motion moved by the Oppo...
- Govt issues Tribunals Reforms OrdinanceIt has made amendments to the Cinematograph Act, Copyright Act, Customs Act, Patents Act, Airports Authority of India Act, Trade Marks Act,...
- Supreme Court strikes down rules in amended Finance Act 2017 on tribunalsThe Supreme Court on Wednesday struck down rules in the amended Finance Act 2017 on tribunals and directed the government to reformulate fr...
- Supreme Court paves way for appointments in all 19 tribunals in countryThe chairpersons of tribunals to which appointments will be made and two secretaries, nominated by the central government, would be the mem...
- SC asks Centre to file draft rules on appointment in tribunalsThe tribunal has asked Attorney General K K Venugopal to provide the copy of draft rules to two senior lawyers for their perusal and sugges...
- Supreme Court to hear pleas challenging Finance Act provisions on November 23A bench headed by Chief Justice Dipak Misra posted the matter for hearing on November 23 after Attorney General K K Venugopal sought some t...
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