Calcutta HC Quashes ₹4.28 Cr Demand [Read Order]

The Calcutta High Court has quashed a ₹4.28 crore Goods and Services Tax (GST) demand raised for the financial year 2019–20 against a corporate debtor (CD) sold in liquidation as a going concern, reaffirming the IBC’s “clean slate” principle. The company, M/s Rabirun Vinimay Pvt. Ltd., after failing to achieve resolution under the Corporate Insolvency…

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NTPC and MAHAGENCO Win NCLT Approval for Sinnar Thermal Power’s 1350 MW Plant Revival

Indian Masterminds Stories New Delhi: NTPC Limited has announced that the National Company Law Tribunal (NCLT), Delhi Bench, has approved the Resolution Plan jointly submitted by NTPC and Maharashtra State Power Generation Company Limited (MAHAGENCO) for the revival of Sinnar Thermal Power Limited (STPL). The approval marks a significant step forward in the Corporate Insolvency…

Is BNPL Eligible For Debt Relief?

You may have taken out a Buy Now, Pay Later (BNPL) loan, thinking it’d be a simple way to break a purchase into smaller payments. But if you’ve missed a payment — or you’re juggling several BNPL plans at once — you might be wondering what happens next. And more importantly, if you’re struggling, is…

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