-
Corporate Guarantees and Arbitrary Provisions in GST
Introduction The Revenue Department’s attempt to levy Goods and Services Tax (‘GST’) on corporate guarantees has attracted divergent judicial opinions. The Bombay High Court in M/s. D P Jain & Co Infrastructure Pvt…
-
GST and IBC Overlap: The Delhi High Court Takes a Prudent View
I. Introduction The Delhi High Court, in its recent judgment of Kanwal Chaudhary v IBBI & Ors held that when an advocate – registered under the Advocates Act, 1961 – provides services as an…
-
Subhash Chandra’s Insolvency: Four Fissures in the IBC that NCLT Encountered
The National Company Law Tribunal, New Delhi (‘NCLT’) recently delivered judgment(s) in Indiabulls Housing Finance Limited v Dr. Subhash Chandra (‘Subhash Chandra case’) with an anti-climactic conclusion that ‘no order can be passed’ in…
-
Validity of IBBI’s Regulatory Fee Upheld
The Bombay High Court in Hazel Mercantile Limited & others v Insolvency and Bankruptcy Board of India & Ors (‘Hazel Mercantile case’) upheld the validity of Regulation 31A, Insolvency and Bankruptcy Board of India…
