Income Tax: High Court Quashes Rs. 232 Crore Ex Parte Assessment; Grants Fresh Opportunity to Respond Nayati Healthcare and Research NCR Private Limited challenged an ex parte assessment order dated 24.03.2025 passed under Sections 143(3) read with 144B of the Income Tax Act, 1961, whereby income was determined at Rs. 232,17,82,426 on a best judgment…
Embassy Developments Gets Relief as NCLAT Postpones Corporate Insolvency Hearing to February 2026 scanx.trade Read the original article here
Izaak Walton Inn Owners Hit with $9.4M Foreclosure Lawsuit Months Before Decision to Shutter Flathead Beacon Read the original article here
At least eleven (11) public universities are staring at a KSh100 billion funding shortfall that has left them technically insolvent, despite increased allocations under the student-centred financing model. Education officials told the National Assembly Committee on Education on Thursday that the gap has crippled operations, with some universities struggling to pay salaries, pensions, and meet…
Andrew Alty and his family had been hoping to taking in the breathtaking sights of Morocco but were left with a brutal sting in the tail when they were hit with a huge roaming bill 17:06, 20 Feb 2026Updated 17:06, 20 Feb 2026 One teenage daughter’s decision to watch TikTok nearly lead to her family’s…
The President of the Tax Authority, Adrian Nica, announces that the National Agency for Fiscal Administration (ANAF) is considering changing the fiscal record in such a way that individuals who have repeatedly managed companies that went into insolvency will no longer be able to establish other commercial entities. The proposal is set to be discussed…
Quadrant Televentures Limited Schedules Sixth Committee of Creditors Meeting for February 23, 2026 scanx.trade Read the original article here
Synopsis: A non-banking finance company will invest Rs. 350 crore under a consortium-led insolvency resolution of a Renewable Energy Company, focusing on acquiring select real estate and non-core assets through a distressed-asset value strategy. A mid-cap company that is involved in the business of fund-based activities viz, investment in shares, securities, mutual funds and providing…
AuthorSimar Singh|Published at: 20th February 2026, 2:55 pm Overview Embassy Developments Limited’s critical hearing at the National Company Law Appellate Tribunal (NCLAT) regarding insolvency proceedings has been postponed for the third time, now to February 27, 2026. The stay on the National Company Law Tribunal’s (NCLT) order admitting Corporate Insolvency Resolution Process (CIRP) remains in…
Four companies linked to a scheme which risks undermining insolvency legislation have been shut down. Atherton Corporate Partners LLP, Jones & Harlington Ltd, TYA GRP Ltd and TYA Two GRP Ltd formed part of the Atherton scheme, which allowed business owners to keep their assets and drop their debts. More than £18 million in previously…