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The appellate tribunal dismissed an appeal, ruling that claims based on liabilities determined after liquidation begins cannot be accepted past the official timeline. It clarified that the date a liability crystallises does not determine when a creditor must file their claim.
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Natural catastrophe events and widespread flooding significantly impacted the second quarter underwriting margins of general insurance companies. These heavy claim payouts reduced profitability across the sector during the quarter.
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The Goods and Services Tax Appellate Tribunal has set aside a tax demand regarding Input Tax Credit for financial year 2018-19. The tribunal ruled that a provision introduced in 2022 cannot apply retrospectively and that demands cannot rest on grounds missing from the show-cause notice.
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A newly drafted sustainable aviation fuel policy proposes that international airlines uplift ninety percent of their fuel locally in India. The proposal aims to curb fuel tankering while extending financial and tax support to encourage adoption.
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Tracxn Technologies released its slide deck for the second quarter of the 2027 fiscal year. The company highlights faster expansion inside the domestic Indian market while dealing with ongoing pressures on profitability. Investors must review these metrics to understand current operational trends.
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Jiraaf founder Saurav Ghosh highlights the necessity of tailoring investment portfolios to individual timelines rather than relying on a single uniform model. He discusses profit margins, risk management, and the role of bonds in reaching both short-term and long-term financial goals.
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Smallholder farmers across the Valley are shifting away from traditional subsistence farming toward self-sustaining agribusiness ventures. This transition is powered by strong corporate-community partnerships that bring new economic opportunities to the region.
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The Allahabad bench of the National Company Law Tribunal ruled that a formal written loan agreement is not strictly required to prove the existence of financial debt. The decision provides relief to creditors by allowing alternative proof when seeking resolution under corporate insolvency laws.
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The Mumbai bench of the National Company Law Tribunal held that releasing a bank guarantee cannot substitute distinct monetary settlement obligations. The tribunal maintained that separate financial liabilities must be fulfilled independently according to the agreed terms.
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Bihar Deputy Chief Minister Samrat Choudhary appealed to income taxpayers in the state to voluntarily give up free or subsidized electricity. The push aims to redirect state resources toward impoverished citizens who genuinely require government financial assistance.
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The Delhi bench of the National Company Law Appellate Tribunal ruled that an appeal regarding a cooperation order cannot serve as the basis for seeking parallel relief to close corporate insolvency resolution proceedings. The decision preserves the distinct procedural requirements mandated for concluding insolvency cases.
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The Hyderabad bench of the Goods and Services Tax Appellate Tribunal ruled that technical glitches on government portals causing a delay in filing a single ER-1 return cannot be used to deny transitional tax credit claims. The ruling protects taxpayers from losing eligible credits due to digital infrastructure failures.
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