OVERVIEW Insolvency and Bankruptcy Code, 2016 (IBC) is an evolving legislation, still being interpreted by courts in order to harmonize IBC with our related legal policy. The Hon’ble Supreme Court in the matter of State Bank Of India vs V. Ramakrishnan held that the protection under IBC from coercive measures of recovery during moratorium period … Continue reading CLARIFICATION IN RESPECT OF ISSUES UNDER GST LAW FOR COMPANIES UNDER INSOLVENCY AND BANKRUPTCY CODE, 2016

The Finance Minister Nirmala Sitharaman has announced the Pradhan Mantri Garib Kalyan Scheme, under which the Government would provide a relief package of Rs 1.7 trillion to the underprivileged, poor and migrant workers affected by a lockdown amid the Covid-19 crisis. Key Highlights (i) 50 lacs per person insurance package for workers and nurses and … Continue reading Finance Minister announces Rs 1.70 Lakh Crore relief package under Pradhan Mantri Garib Kalyan Yojana for the poor to help them fight the battle against Corona Virus

The Administrative and General Supervision Committee of the Delhi High Court vide its earlier order dated 23.03.2020, inter-alia decided to suspend its functioning till April 4 and also directed that all subordinate courts in the city shall also remain closed till 04.04.2020. It was also clarified that the period of suspension shall be treated as … Continue reading Update-Delhi High Court-COVID-19

As we all know the Finance Minister, Nirmala Sitharaman held press conference today, 24th March 2020 to address the queries regarding deadlines related to income tax filings, GST compliances etc. since 31st March 2020 deadline is approaching. The Finance Minister stated the Agenda, which includes compliances related to income tax matters, compliance and deadlines related to GST, customs … Continue reading Finance Minister Nirmala Sitharaman’s press conference dated 24th March 2020 – A quick glance