modified and cl.....Tags : Prudential guidelines, stressed assets, modification
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Approval of plan for transfer of assets by Air India Limited to AI Assets Holding Limited(25.01.2022)
The Central Government hereby approves the following as plan approved by the Central Government for transfer of assets by Air India Limited to AI Asse.....
Tags : Approval, Transfer, Assets
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Income Tax Department detects Foreign Assets in recent search(29.07.2019)
Income Tax Department conducted searches on 23rd July, 2019 in a group covering 13 premises across 3 States (Delhi, Haryana & Himachal Pradesh).
<.....
Tags : Search, Detection, Foreign Assets
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Madras HC Orders Sale of Shares Owned by Disc Assets Lead India Ltd(19.03.2018)
Madras High Court has directed the registry of its Madurai bench not to entertain any plea moved by the directors of Disc Assets Lead India Limited wh.....
Tags : Madras High Court, Disc Assets Lead India Ltd
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Supreme Court Rejects Karnataka Government's Review Plea in Jayalalithaa DA Case(06.04.2017)
SC has refused to review its verdict in Jayalalithaa disproportionate assets case and rejected Karnataka government's plea asking the court to re-exam.....
Tags : Supreme Court, Jayalalithaa disproportionate assets case, Karnataka government
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All. HC: Mandatorily Pass Order to Disclose Assets and Liabilities in Maintenance Proceedings(15.03.2024)
Allahabad High Court has directed all Presiding Officers dealing with maintenance proceedings in the State to pass orders making it mandatory for the .....
Tags : Allahabad High Court, Presiding Officers, Maintenance Proceedings, Assets, Liabilities
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SC Rules, Govt. Official’s Illegal Assets Can’t be Attached, if He Dies During Pendency of Suit(05.07.2016)
Supreme Court has ruled that disproportionate assets amassed by a government official cannot be attached from his family members if the officer dies d.....
Tags : Supreme Court, disproportionate assets , government official
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SC: Sale of Entire Running Business With Assets, Liabilities Is Not 'Short-Term Capital Assets'(19.04.2017)
Supreme Court has held that Section 50 (2) of Income Tax Act will not apply to a case where entire running business with assets and liabilities is sol.....
Tags : Supreme Court, Short-Term Capital Assets
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SC Directs Banks Not to Impose Penalty on EMI Default by Amrapali Home Buyers(19.04.2022)
Supreme Court has directed the banks that their accounts shall not be treated as Non-Performing Assets Accounts and no penalties shall be charged fro.....
Tags : Supreme Court , Non-Performing Assets Accounts, EMI, Amrapali Group
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SC in Disproportionate Assets Case: Acquiring Assets not Crime Unless Source Illegal(02.06.2016)
Supreme Court while hearing DA case has observed that acquiring assets "per se" is not a crime unless the sources are found to be illegal.
Tags : Supreme Court, Disproportionate Assets Case
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Karnataka HC Grants Relief to Ex-Minister over Disproportionate Assets Case(07.10.2016)
Karnataka HC, while granting relief to Ex-Minister V Somanna, has stayed further proceedings in respect of a complaint pertaining to amassing dispropo.....
Tags : Karnataka HC, disproportionate assets
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Karnataka HC Upholds Constitutional Legality of Proviso (v) to S.14(1) SARFAESI Act(14.04.2022)
Karnataka High Court has upheld the Constitutional legality of proviso (v) Section 14(1) of the Securitization and Reconstruction of Financial Assets .....
Tags : Karnataka High Court, Constitutional legality, Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
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CBDT Notifies Exclusion of Non-Fungible Token as Virtual Digital Asset(04.07.2022)
Central Board of Direct Taxes (CBDT) has notified that the Non-fungible token (NFTs) shall not be treated as Virtual Digital Assets for the purpose of.....
Tags : CBDT, NFT, Virtual Digital Assets
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SC: No Loan to be termed NPA Till New Orders(04.09.2020)
Supreme Court has asked banks not to declare any loan account as non-performing asset (NPA) till it passed further orders on a bunch of Petitions ques.....
Tags : Supreme Court, Declaration of Non-Performing Assets
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Madras HC Directs TNSEC to Submit Assets Declarations of all Elected Councillors(01.12.2016)
Madras High Court has directed Tamil Nadu State Election Commission (TNSEC) to submit statements of declaration of assets made by all Elected Councill.....
Tags : Madras High Court, Tamil Nadu, Election Commission, Assets Declarations
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Delhi HC Reserves Judgment over Virbhadra Singh in Disproportionate Assets Case(16.12.2016)
Delhi High Court has reserved its verdict on plea of Himachal Pradesh Chief Minister Virbhadra Singh and his wife Pratibha Singh, seeking quashing of .....
Tags : Delhi High Court, Virbhadra Singh, disproportionate assets
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Relaxations for Listed Companies having stressed assets(23.06.2020)
SEBI has decided to relax the pricing methodology for preferential issues by listed companies having stressed assets and exempt allottees of preferent.....
Tags : Relaxations, Listed Companies, Stressed assets
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Firm and Decisive Government Action taken to preserve value and assets of IL and FS(01.10.2018)
IL&FS, incorporated in 1987, is a large Systemically Important Non-Deposit Accepting Core Investment Company (CIC-ND-SI). It has numerous infrastructu.....
Tags : Assets, Preservation, Decisive Action
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Maintenance of CRR/SLR on Foreign Currency Assets/Liabilities- Reference rate for INR/USD and exchange rate of other major currencies(02.08.2018)
Please refer to our circular DBOD.No.Ret.BC.113/12.01.001/2011-12 dated June 29, 2012 on Maintenance of CRR on FCNR(B) Scheme advising banks to be gui.....
Tags : Maintenance, CRR/SLR, Foreign Currency Assets, Liabilities
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2012 Disproportionate Assets Case: Madras HC Sets Aside Discharge of Former CM Panneerselvam(30.10.2024)
The Madras High Court has set aside the order discharging former Tamil Nadu Chief Minister, O. Panneerselavm and permitting prosecution to withdraw th.....
Tags : Madras High Court, O. Panneerselavm, 2012 Disproportionate Assets Case
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SC: Outgoing Partner has Right to Seek Accounts & Shares in Profit Until Final Settlement Made(12.11.2024)
Supreme Court has held that if business is being carried on by a partner with the assets of the firm then, the outgoing partner will have a right to s.....
Tags : Supreme Court, Outgoing Partner, Assets
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Hyderabad High Court Rejects Plea Seeking Declaration of Jayalalithaa's Assets as Public Properties(21.12.2016)
Hyderabad High Court has dismissed a plea filed by a city-based organisation seeking declaration of late J Jayalalithaa's assets located in Telangana .....
Tags : Hyderabad High Court, Jayalalithaa's assets
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Punjab and Haryana HC Refuses to Stay Langah's Conviction in DA Case(22.12.2016)
Punjab and Haryana High Court has refused to stay SAD senior leader Sucha Singh Langah's conviction in a disproportionate assets (DA) case.
Tags : Punjab and Haryana HC, Sucha Singh Langah, disproportionate assets
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Delhi HC Issues Notice on Plea by Decree Holder Seeking Attachment of Assets of Judgment Debtor(25.08.2021)
Delhi High Court has issued notice on a plea by a decree holder (KLA Const. Technologies) seeking attachment of moveable and immovable assets of the j.....
Tags : Delhi High Court, Attachment of Assets of Judgment Debtor
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Ori. HC: In Maintenance Proceedings it is Mandatory to File Affidavit Disclosing Assets(14.02.2025)
Orissa High Court while directing fresh disposal of a maintenance case, has stated that it is mandatory to file affidavit disclosing assets while maki.....
Tags : Orissa High Court, Maintenance Proceedings, Disclosing Assets
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CBDT Issues Guidelines on 1% TDS on Virtual Digital Assets from 1st July(23.06.2022)
Central Board of Direct Taxes (CBDT) has issued guidelines to levy one percent TDS on the virtual digital assets under Section 194S of the Income Tax .....
Tags : CBDT, Virtual Digital Assets, Income-Tax Act
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Mad HC Takes Suo Moto Revision Against Minister Ponmudi’s Acquittal in Disproportionate Assets Case(10.08.2023)
Madras High Court has Suo Moto taken up revision against the Trial Court verdict that acquitted Tamil Nadu Higher Education Minister K Ponmudi and his.....
Tags : Madras High Court, Suo Moto, Disproportionate Assets
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Supreme Court Seeks Action Plan on Recovery of Bad Loans(21.11.2016)
Supreme Court has said that disclosure of names of debtors, who owe Rs 500 crore or more to banks, will not lead "anywhere" as the important issue is .....
Tags : Supreme Court, Non-Performing Assets, disclosure, debtors
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NCLAT Turns Down Reference Seeking Re-Consideration of Decision in V. Padamakumar Case(23.12.2020)
National Company Law Appellate Tribunal has turned down a reference made by a three-member Bench, seeking re-consideration of the decision in V. Padam.....
Tags : National Company Law Appellate Tribunal, V. Padamakumar v. Stressed Assets Stabilization Fund (SASF) & Anr.
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SC Publishes Assets and Liabilities of Judges on its Website(06.05.2025)
Supreme Court has published the list of assets and liabilities of the Judges on its website in order to show transparency and boosting public confiden.....
Tags : Supreme Court, Liabilities of Judges, Assets
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NCLT Can't Decide Inter-Se Claims by Parties Over Assets of Corporate Debtor: NCLAT(05.02.2019)
National Company Law Appellate Tribunal has held that inter-se claims by parties over assets of the corporate debtor cannot be determined by the Adjud.....
Tags : NCLAT, Inter-Se Claims by Parties Over Assets of Corporate Debtor
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NCLAT: NCLT Cannot Approve Resolution Plan if Leasehold Rights over Primary Assets are Unproven(23.09.2025)
NCLAT New Delhi bench upheld the NCLT Kolkata order refusing to sanction a resolution plan involving disputed land. The corporate debtor failed to pro.....
Tags : Leasehold Rights, Primary Assets, Corporate Debtor
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Kerala HC: “Debt Due” under Section 18(1) SARFAESI Act Includes Future Interest until Appeal Filing(27.10.2025)
Kerala HC held that under Section 18(1) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (S.....
Tags : Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, Demand Notice, Appeal
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NCLAT: Claimants Must Prove Asset Ownership; Liquidator Need Not Establish Title of Assets in Custody(03.11.2025)
NCLAT, New Delhi, upheld the NCLT’s order permitting liquidators to remove movable assets from leased premises owned by Reliance Realty Limited, while.....
Tags : Claimants, Assets, Custody
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Rajasthan HC Stays Order Attaching Assets of Chittorgarh Tehsildar, Collector and SP(26.02.2021)
Rajasthan High Court has put a stay on the ACJM Court, Chittorgarh order for the attachment of chair, car and residences of the tehsildar, collector a.....
Tags : Rajasthan High Court, Attachment of Assets
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Rajasthan HC: Magistrate Can’t Order Secured Creditor to Pay Police Expenses For Asset Possession(04.11.2025)
Raj HC has held that a Magistrate cannot require a secured creditor to deposit police expenses for taking possession of a secured asset under Section .....
Tags : Creditor, Possession, Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act
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NCLAT New Delhi: Public Auction Not Required for Sale of Encumbered Assets if Charge Holders Consent(11.11.2025)
NCLAT New Delhi set aside the NCLT order directing independent bidding for Arshiya Limited’s non-core assets during CIRP. The tribunal held that publi.....
Tags : Auction, Sale, Assets
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Delhi High Court: Assets From Illegal Cricket Betting are Proceeds of Crime Attachable by ED(26.11.2025)
Delhi High Court held that although cricket betting is not an independent predicate offence under the PMLA, the Enforcement Directorate can still atta.....
Tags : Assets, Cricket Betting, Crime
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SC: NCLT Can Forfeit Entire Deposit if Purchaser Defaults on Payment for Liquidation Assets(11.12.2025)
Supreme Court held that if a purchaser defaults on payment for liquidation assets sold under judicial supervision, the entire deposit can be forfeited.....
Tags : Purchaser, Assets, Forfeit
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Supreme Court: Chief Judicial Magistrates Competent to Deal With Applications U/s 14 SARFAESI Act(24.09.2019)
In an important ruling, SC has held that a Chief Judicial Magistrate is equally competent to deal with the application moved by the secured creditor u.....
Tags : Supreme Court, Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, Chief Judicial Magistrate
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Kerala HC Stays Trial against ADGP Ajithkumar in Disproportionate Assets Case(27.08.2025)
Kerala HC has stayed proceedings against ADGP M.R. Ajithkumar in a disproportionate assets case, noting procedural illegality in the Special Judge’s o.....
Tags : Kerala HC, Disproportionate Assets, Vigilance, Prevention of Corruption Act
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Bombay HC Gives Government ‘Last Chance’ to File Report in Kripashankar Assets Case(10.01.2017)
Bombay High Court gave Government a last chance to submit a report on its probe into alleged disproportionate assets of former Mumbai Congress chief K.....
Tags : Bombay High Court, Kripashankar Singh, Mumbai Congress, disproportionate assets
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Delhi HC: Charges Can be Framed Only on Material, Not on Speculation(09.08.2022)
Delhi High Court while quashing a trial court order that had framed charges against a chartered accountant in a disproportionate assets case, has held.....
Tags : Delhi High Court, Charges, Disproportionate Assets Case
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NCLAT: IRP Has Authority to Take Possession of Assets Owned by Corporate Debtor(20.05.2025)
NCLAT New Delhi bench has held that Interim Resolution Professional (IRP) has the authority to take possession of assets owned by the Corporate Debtor.....
Tags : NCLAT New Delhi, Corporate Debtor, Possession of Assets
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Delhi HC: Larger Bench to Decide Whether Section 149(1)(c) of IT Act Applies Retrospectively(04.06.2025)
A larger bench of Delhi High Court is set to decide whether Section 149(1)(c) of the Income Tax Act, 1961 providing an extended period of reassessment.....
Tags : Delhi High Court, Section 149(1)(c), Foreign Assets
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