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Accounting Entry Alone Cannot Make Share Purchase Payment A Financial Debt Under IBC: NCLAT

The National Company Law Appellate Tribunal (NCLAT) at Delhi has recently ruled that ₹1.39 crore paid towards a share ...
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ITAT Ahmedabad Deletes ₹4.42 Lakh Penalty For Misreporting Of Income Over PF, ESI Disallowance

Ahmedabad, has deleted a ₹4.42 lakh penalty imposed on Nascent Info Technologies Pvt. Ltd. for misreporting of income.It held that mere disallowance ...
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Concealment Of Earlier Proceedings Disentitles Litigant From Relief: NCLAT

The National Company Law Appellate Tribunal (NCLAT) at Delhi has dismissed an appeal as lacking merit, primarily because the ...