![IBC Appeal Against AG Pipes Rejected: NCLAT Finds Proprietorship Debts Separate, Company Liability Below ₹1 Crore [Read Order]](https://images.taxscan.in/h-upload/2026/04/24/2134365-ibc-appeal-against-ag-pipes-rejectedjpg.webp "IBC Appeal Against AG Pipes Rejected: NCLAT Finds Proprietorship Debts Separate, Company Liability Below ₹1 Crore [Read Order]")
IBC Appeal Against AG Pipes Rejected: NCLAT Finds Proprietorship Debts Separate, Company Liability Below ₹1 Crore [Read Order]
In a recent ruling, the National Company Law Appellate Tribunal (NCLAT) has upheld the NCLT’s decision dismissing the insolvency plea against A.G....
![NCLT Rejects CIRP Plea against Steel Exchange India Over ₹162 Cr Disputed Delayed Charges [Read Order]](https://images.taxscan.in/h-upload/2026/04/24/2134360-nclt-rejects-cirp-plea-against-steel-exchange-india-over-162-cr-disputed-delayed-charges-site-imagejpg.webp "NCLT Rejects CIRP Plea against Steel Exchange India Over ₹162 Cr Disputed Delayed Charges [Read Order]")
![Delay Beyond 45‑Day Limit under IBC Section 61: NCLAT Rejects CIRP Appeals, Rules e‑Portal Upload No Ground for Extension [Read Order]](https://images.taxscan.in/h-upload/2026/04/17/2133493-delay-beyond-45day-limit-under-ibc-section61-nclat-rejects-cirp-appeals-rules-eportal-upload-no-ground-for-extension-.webp "Delay Beyond 45‑Day Limit under IBC Section 61: NCLAT Rejects CIRP Appeals, Rules e‑Portal Upload No Ground for Extension [Read Order]")
![Existence of Financial Debt and Default Above Statutory Threshold Sufficient to Initiate CIRP u/s 7: NCLT Allows ₹28.51 Cr Insolvency Petition [Read Order]](https://images.taxscan.in/h-upload/2026/04/17/2133462-debtjpg.webp "Existence of Financial Debt and Default Above Statutory Threshold Sufficient to Initiate CIRP u/s 7: NCLT Allows ₹28.51 Cr Insolvency Petition [Read Order]")
![CIRP Cannot be Suspended Over Pending Arbitral Award: NCLAT upholds Insolvency filed by Canara Bank against CD [Read Order]](https://images.taxscan.in/h-upload/2026/04/17/2133453-cirp-cannot-be-suspended-over-pending-arbitral-award-nclat-upholds-insolvency-filed-by-canara-bank-against-cd-site-imagejpg.webp "CIRP Cannot be Suspended Over Pending Arbitral Award: NCLAT upholds Insolvency filed by Canara Bank against CD [Read Order]")
NCLT Condones Federal Bank’s 470‑Day Delay in filing ₹48L Claim against Bankrupt Debtor, noting Concealment by Debtor [Read Order]
In a recent ruling, the Kochi Bench of the National Company Law Tribunal (NCLT) condoned a 470‑day delay by Federal Bank in filing its ₹48 Lakh claim against bankrupt debtor, holding that the...
![NCLT Condones Federal Bank’s 470‑Day Delay in filing ₹48L Claim against Bankrupt Debtor, noting Concealment by Debtor [Read Order]](https://images.taxscan.in/h-upload/2026/04/16/2133345-nclt-condones-federal-banks-470day-delay-in-filing-48l-claim-against-bankrupt-debtor-noting-concealment-by-debtor-site-imagejpg.webp "NCLT Condones Federal Bank’s 470‑Day Delay in filing ₹48L Claim against Bankrupt Debtor, noting Concealment by Debtor [Read Order]")
CBDT Issues Corrigendum: Income-Tax Notification Corrected with Typographical and Schedule Fixes [Read Notification]
The Central Board of Direct Taxes (CBDT), under the Ministry of Finance, has issued a corrigendum to its earlier income‑tax notification dated March 30, 2026. Published in the Gazette of India...
![CBDT Issues Corrigendum: Income-Tax Notification Corrected with Typographical and Schedule Fixes [Read Notification]](https://images.taxscan.in/h-upload/2026/04/14/2133056-cbdt-issues-corrigendum-income-tax-notification-corrected-with-typographical-and-schedule-fixes-site-imagejpg.webp "CBDT Issues Corrigendum: Income-Tax Notification Corrected with Typographical and Schedule Fixes [Read Notification]")
CBDT Issues Corrigendum to Form ITR-U, Adds ‘Wrong Heads of Income’ as Separate Reason [Read Notification]
The Central Board of Direct Taxes has issued a corrigendum to the recently notified Form ITR-U, which is used for filing updated income tax returns. The correction was notified on 10 April 2026 and...
![CBDT Issues Corrigendum to Form ITR-U, Adds ‘Wrong Heads of Income’ as Separate Reason [Read Notification]](https://images.taxscan.in/h-upload/2026/04/13/2133010-cbdt-issues-corrigendum-to-form-itr-u-adds-wrong-heads-of-income-as-separate-reasonjpg.webp "CBDT Issues Corrigendum to Form ITR-U, Adds ‘Wrong Heads of Income’ as Separate Reason [Read Notification]")
CBDT Issues Corrigendum to ITR-5 for AY 2026-27: Corrections to STCG Formulae and Depreciation [Read Notification]
The Central Board of Direct Taxes (CBDT), functioning under the Ministry of Finance has issued a corrigendum to an earlier notification which revised Form ITR-5 for the Assessment Year 2026-27. ...
![CBDT Issues Corrigendum to ITR-5 for AY 2026-27: Corrections to STCG Formulae and Depreciation [Read Notification]](https://images.taxscan.in/h-upload/2026/04/13/2133006-cbdt-issues-corrigendum-to-itr-5-for-ay-2026-27jpg.webp "CBDT Issues Corrigendum to ITR-5 for AY 2026-27: Corrections to STCG Formulae and Depreciation [Read Notification]")
₹2.92 Crore Insolvency Plea Against GLS Films Dismissed Over Pre‑Existing Dispute: Supreme Court Restores NCLT Order [Read Order]
In a recent ruling, the Supreme Court of India set aside a National Company Law Appellate Tribunal (NCLAT) order that had admitted an insolvency petition against GLS Films Industries Pvt. Ltd.,...
![₹2.92 Crore Insolvency Plea Against GLS Films Dismissed Over Pre‑Existing Dispute: Supreme Court Restores NCLT Order [Read Order]](https://images.taxscan.in/h-upload/2026/04/11/2132792-292-crore-insolvency-plea-against-gls-films-dismissed-over-preexisting-disputejpg.webp "₹2.92 Crore Insolvency Plea Against GLS Films Dismissed Over Pre‑Existing Dispute: Supreme Court Restores NCLT Order [Read Order]")
Co-ops Cannot Use Insolvency Process to Enter Unrelated Industries: Supreme Court Defines ‘Same Line of Business’ [Read Order]
In a recent ruling, the Supreme Court has clarified the investment powers of multi‑state cooperative societies, holding that such entities cannot use the insolvency process to acquire companies...
![Co-ops Cannot Use Insolvency Process to Enter Unrelated Industries: Supreme Court Defines ‘Same Line of Business’ [Read Order]](https://images.taxscan.in/h-upload/2026/04/11/2132733-co-ops-cannot-use-insolvency-process-to-enter-unrelated-industries-supreme-court-defines-same-line-of-business-.webp "Co-ops Cannot Use Insolvency Process to Enter Unrelated Industries: Supreme Court Defines ‘Same Line of Business’ [Read Order]")
Rs. 2.11 Crore Default Held Sufficient under IBC: NCLT Admits S. 9 Petition against Trivenimudrai Projects Ltd [Read Order]
In a recent ruling, the National Company Law Tribunal (NCLT), Mumbai Bench, has admitted an insolvency petition under Section 9 of the Insolvency andBankruptcy Code (IBC), 2016, against...
![Rs. 2.11 Crore Default Held Sufficient under IBC: NCLT Admits S. 9 Petition against Trivenimudrai Projects Ltd [Read Order]](https://images.taxscan.in/h-upload/2026/04/10/2132692-rs-211-crore-default-held-sufficient-under-ibc-nclt-admits-s-9-petition-against-trivenimudrai-projects-ltd-.webp "Rs. 2.11 Crore Default Held Sufficient under IBC: NCLT Admits S. 9 Petition against Trivenimudrai Projects Ltd [Read Order]")