Author: Rav Singh

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 the case. After a…

Validity of IBBI’S Regulatory Fee Upheld

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 (Insolvency Resolution Process for…

GST and IBC Overlap

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 insolvency professional, the tax…

Search, Seizure, and Inspection under GST laws: Observations of the Madras High Court

Introduction The Madras High Court in M/s Bhima Enterprises v The Principal Commissioner of GST & Central Excise Tamil Nadu & Puducherry (‘Bhima Enterprises case’) decided a taxpayer’s writ petition challenging the legality of search and seizure operation…

Supreme Court Upholds Constitutionality of Section 16(2)(c), CGST Act, 2017

The Supreme Court in Bhandari Scrap Traders v Union of India & Ors (‘Bhandari Scrap case’) endorsed the Gujarat High Court’s decision in Maruti Enterprise through its Authorised Partners v Union of India & Ors(‘Maruti Enterprise case’). The High…

A Retrospective Amendment and Supreme Court’s Balancing Act: A Brief Comment

The Supreme Court in Asia Sugar & Chemical Co v State of Karnataka (‘Asia Sugar case’) upheld the State of Karnataka’s (‘State’) legislative competence to retrospectively amend the Karnataka Sales Tax Act, 1957 (‘KST Act’). But, to ensure…

Notifications Cannot Go Beyond Recommendations of the GST Council

Madurai Bench of the Madras High Court in M/S Guru and Co v Union of India (‘M/S Guru case’) addressed question about the Union of India’s powers to issue notifications vis-à-vis the GST Council recommendations. And held that…

PMLA v IBC: The NCLAT Invokes Ganges and National Interest

The National Company Law Appellate Tribunal, New Delhi (‘NCLAT’) in Value Wise Consultancy Private Limited v The Deputy Director, Directorate of Enforcement had to decide that when two legislations were in action- the Insolvency and Bankruptcy Code, 2016…