In a recent decision dated 02.11.2020, Hon’ble High Court of Delhi has made an important ruling on the scope of Section 128 of Chapter-V: “Sabka Vishwas (Legacy Dispute Resolution Scheme), 2019. Citation: Bhawna Malhotra v. Union of India, W.P (C) 7350/2020, Delhi High Court dated 02.11.2020 Facts As per the facts of the case, the …

The provisions pertaining to Personal Guarantor under IBC were enforced w.e.f 01.12.2019 by the Ministry of Corporate Affairs. The issue of insolvency resolution of Personal Guarantors to Corporate Debtors has assumed importance only recently. Further, the issue of constitutionality of provisions of Personal Guarantors in IBC is pending before Hon’ble Supreme Court. In this backdrop, …

BVSS IBC Group organized a Panel Discussion with Questions and answers on Topic: Professional Opportunities in IBC in current scenario – Issues, Challenges and unanswered Questions Panelists: Advocate (CS) G.P. Madaan, Corporate Lawyer and Advisor IBC Group Advocate (CA) Puneet Agrawal, Managing Partner, ALA Legal & Convenor IBC Group CA Manoj Anand, Insolvency Professional & …

Sales Tax Bar Association, the Country’s esteemed Bar Association recently organized a webinar on the topic: “Summon and SCN under GST- Legal and Practical Aspects” Speaker :  Sh. V.  Lakshmikumaran, Eminent Jurist Session Chairman : Sh. H.C.Bhatia, Advocate Session Coordinator: Sh. Puneet Agrawal, Advocate To watch the webinar recording of the same, please visit the …

The Ministry of Law and Justice, on 5th June, 2020 notified the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2020 as promulgated by the President. By virtue of the IBC (Amendment) Ordinance, Section 10A has been inserted in the Insolvency and Bankruptcy Code, 2016 with the object to suspend the operation of Section 7, 9 and …

A registered dealer is in the process of revising its return and in the meanwhile, the Department has issued a notice for special audit. The Dealer manages to revise the return within the time period prescribed by law and pays the tax and interest on delayed deposit of tax. But despite so, the Department frames …