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Corporate Law Judgements

The Hon'ble Supreme Court in the case of Principal Commissioner of Customs v. Rajendra Prasad Tak & Ors [Civil Appeal Nos. 6432-6433 of 2023 dated October 30, 2023] reinforces the primacy of the waterfall mechanism under the Insolvency and Bankruptcy

Posted in Corporate Law |   86 Views

The Hon'ble Jharkhand High Court in Anupam Kumar Pathak v. The State of Jharkhand and Ors. [W.P. (Cr.) No. 141 of 2022 dated July 04, 2023] held that the FIR logged and criminal proceeding initiated under Sections 120B/406/ 420/471 of the Indian Pena

Posted in Corporate Law |   151 Views

Cheque issued at the time ,when company not became sick , but at the time of payment the company became sick and cheque had been dishonoured. The directors of the Company are liable and be prosecuted under provisions of Section 138 of the Negotiable

Posted in Corporate Law |   287 Views

The petition filed by Operational Debtor has been dismissed by the NCLT on the contention of existing dispute raised by Corporate Debtor. The NCLAT revised the order passed by NCLT and allowed the petition since Corporate Debtor was trying to take ad

Posted in Corporate Law |   295 Views

The present appeal was directed against the final order passed by the High Court of Karnataka (hereinafter referred to as "High Court"), wherein the High Court partly allowed the appeal of the Appellant and assessed the income as Rs.8000/- per month

Posted in Corporate Law |   112 Views

The ITAT, Pune in M/s. Pushpak Steel Industries Pvt. Ltd. v. ACIT, Circle-10, Pune [ITA No. 301/PUN/2023 dated on May, 16, 2023] allowed the depreciation or other expenses on maintenance of the vehicles used by the director employees by treating it b

Posted in Corporate Law |   274 Views

The Hon'ble Jharkhand High Court in Madhu Korah v. Income Tax Department through Director General [W.P (T) No. 538 of 2022 dated May 03, 2023] had directed the Assessing Officer ("the AO") to allow cross-examination of witness by the assessee in acco

Posted in Corporate Law |   291 Views

In the case on hand, there was no insurance coverage on the date of the accident and so, the respondent No. 1 insurance company is not liable. The Tribunal has correctly found and directed respondent No. 2, owner of the lorry to pay the compensation

Posted in Corporate Law |   264 Views

The insertion of time of commencement of the policy on a particular date is perfectly in accordance with law and it does not contravene any provisions either of the Motor Vehicles Act or the Insurance Act.,1938.

Posted in Corporate Law  1 comments |   127 Views

The claim must be allowed to be resisted, on the ground of fraud now alleged by the Insurance Company. If we fail to afford to the Insurance Company an opportunity to substantiate their contentions it might certainly lead to serious miscarriage of ju

Posted in Corporate Law |   197 Views