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Bombay High Court Dismisses Petition Challenging Arbitrator's Interim Award on Limitation in Commercial Arbitration. Winding Up Proceedings Constitute Civil Proceedings for Exclusion of Time Under Section 14 of Limitation Act, 1963.

The dispute arose from a purchase order dated 24 June 2013 placed by Tata Consultancy Services Ltd. (petitioner) on Inspira IT Products Pvt. Ltd. (res...

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Bombay High Court Allows Resolution Professional to Continue CIRP Under IBC Despite Pending Winding-Up Petition Under Companies Act, 1956. Leave under Section 446 of Companies Act, 1956 granted to proceed with Corporate Insolvency Resolution Process under Insolvency and Bankruptcy Code, 2016.

The judgment concerns Company Application No. 10 of 2017 filed by the Resolution Professional of Murli Industries Limited (the corporate debtor) under...

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High Court of Karnataka Allows Writ Appeal in VAT Assessment Case — Interim Relief Restored Pending Disposal of Writ Petition. Appellant's challenge to assessment order under Karnataka Value Added Tax Act, 2003 upheld on ground of violation of principles of natural justice.

The appellant, M/s. Ghodawat Industries (India) Pvt. Ltd., filed a writ petition before the learned Single Judge challenging an assessment order under...

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Madras High Court Quashes Assessment Orders Denying Tax Exemption on Student Notebooks Under TNVAT Act. Exercise Notebooks Exemption Under Government Order Applies to Standard Ruled and Unruled Notebooks Manufactured by Dealer.

ITC Limited, a company registered under the Companies Act, 1956 and a dealer under the Tamil Nadu Value Added Tax Act, 2007, engaged in marketing and ...