Attachment and proclamation of sale of immovable property: limitation treated from financial year end; proclamation held within period, petition dismi...
Second Schedule attachment and validity of a post-notice mortgage: TRO cannot declare mortgage void ab initio; sale and appropriation allowed thereaft...
Limitation for final assessment under sections 144C and 153 treated jointly, resulting in quashing of timebarred assessment order and liberty to reviv...
Deductibility of settlement payments for securities law penalties and treatment of unexplained cash credits in share trading -- Tribunal upholds posit...
Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
Contravention of foreign exchange rules in crossborder diamond payments; appellate tribunal reduces one appellant's penalty for delay and proportional...
Mandates electronic filing of prescribed Forms to monitor insolvency resolution processes for personal guarantors to corporate debtors and requires resolution professionals to submit specified periodic reports and enclosures on the Board's online platform. The Board (IBBI) has developed six Form templates with fixed timelines (monthly or quarterly) tied to statutory milestones (sections 94-119 and related regulations) and provides DSC/e-sign and OTP-based modification authentication. Transitional deadlines for existing cases are prescribed to 31 March 2026 and 30 June 2026; penalties for delayed or inaccurate filings to be imposed only after 30 June 2026. Non-compliance or inaccurate submissions expose the IP to regulatory action including refusal to issue or renew assignment authorisation.
Mandates electronic filing of prescribed Forms to monitor insolvency resolution processes for personal guarantors to corporate debtors and requires resolution professionals to submit specified periodic reports and enclosures on the Board's online platform. The Board (IBBI) has developed six Form templates with fixed timelines (monthly or quarterly) tied to statutory milestones (sections 94-119 and related regulations) and provides DSC/e-sign and OTP-based modification authentication. Transitional deadlines for existing cases are prescribed to 31 March 2026 and 30 June 2026; penalties for delayed or inaccurate filings to be imposed only after 30 June 2026. Non-compliance or inaccurate submissions expose the IP to regulatory action including refusal to issue or renew assignment authorisation.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4813 
Join Channel 
