Decisions in Deals

In a recent pronouncement in Jaipur Trade Expocentre Private Limited v. M/s Metro Jet Airways Training Private Limited[1], (“Jaipur Trade Case”),a five-member bench...

The Insolvency & Bankruptcy Code, 2016 (“the Code”) was introduced for reorganizing and restructuring entities on the verge of a collapse....

The Mumbai Tribunal (“Tribunal”) in its recent ruling in DCIT v. Credit Suisse (Singapore) Ltd1. ruled that offshore
commission income earned...

We are pleased to bring to you the monthly round-up of significant rulings under Indirect Tax/GST regime. The month of March-April saw some significant rulings coming from High Court and Authority for Advance Rulings. The important rulings are summarized...

In IFCI Limited v. Manoj Toshniwal (C.P. No. 319/KB/2021), the National Company Law Tribunal, Kolkata Bench (“NCLT”) stayed the application filed by IFCI Limited (“IFCI”) under...

Prima facie a dichotomy exists in the objective of the Revenue and Customs department while the latter seeks to raise the value of a transaction between related parties to...

In India, it is a common practice for the promoters/directors of a company to pledge their securities to secure the loans raised by such companies. Rights in relation to...

Chennai ITAT (“ITAT” or “Tribunal”) held impairment loss as non-operating in nature in its recent ruling in the case of M/s. DIAB Core Materials Pvt. Ltd. V DCIT1. The impairment...

The Mumbai bench of the Income Tax Appellate Tribunal (“ITAT” or “the Tribunal”) in its recent ruling in Blackstone FP Capital Partners v. DCIT1, set aside the assessment..

The regulatory framework issued by the Reserve Bank of India (“RBI”) on implementation of the Recommendations of the...

In a recent ruling in Vidarbha Industries Power Limited v. Axis Bank Limited[1], the
Supreme Court has held that the Adjudicating Authority while...

In a recent order pronounced on June 30, 2022, by the Maharashtra Real Estate Regulatory Authority(“MahaRERA/Authority”) in the matter of ‘Rare Township Private Limited vs...