Seeking Liquidation of Corporate Debtor - Eligibility under the ...

Tribunal Rules MSME Notification of 26.06.2020 Applies Prospectively, Affecting Insolvency and Bankruptcy Liquidation Eligibility Criteria.

February 1, 2022

Case Laws Insolvency and Bankruptcy AT

Seeking Liquidation of Corporate Debtor - Eligibility under the amended MSME Act 2006, Notified on 26.06.2020 - After going through the contents of the Notification, dated 26.06.2020, under the MSME Act, 2006, this Tribunal arrives at a definite conclusion that the said notification is only ‘Prospective in nature’ and not a ‘Retrospective’ one because the said notification does not in express terms speak about the applicability of retrospective operation. The relevant words are conspicuously absent besides there being no implicit reference to be drawn for such a construction. - AT

View Source

← Previous Next →

Seeking Liquidation of Corporate Debtor - Eligibility under the ...

Tribunal Rules MSME Notification of 26.06.2020 Applies Prospectively, Affecting Insolvency and Bankruptcy Liquidation Eligibility Criteria.

February 1, 2022

Case Laws Insolvency and Bankruptcy AT

You may also like:

Validity of customs notification - anti-dumping duty - sunset review - If the contention of the appellant that the notification has to be issued during the life time of...

Verification regarding the Certificate of Origin produced - Concessional rate of Customs Duty - The said verification cannot be treated as prima facie verification under...

Direct Tax Vivad Se Vishwas Act, 2020 - The order dated 11.05.2020 rectified the Tribunal’s earlier order dated 22.06.2018, as according to the Tribunal, a mistake,...

MCA amended Rule 9B of Companies (Prospectus and Allotment of Securities) Rules, 2014 through notification dated Feb 12, 2025. The amendment extends compliance deadline...

Correctness of erasure of credit already availed by prospective invalidation of eligibility for retention of credit that would subject those services already procured...

Companies (Appointment and Qualification of Directors) Second Amendment Rules, 2020 - Notification

Foreign Exchange Management (Nondebt Instruments) (Second Amendment) Rules, 2020 - Notification

Prevention of Money-laundering (Maintenance of Records) 2nd Amendment Rules, 2020 - Notification

Companies (Incorporation) Amendment Rules, 2020 - Reservation of name or change of name - Notification

CENVAT credit - goods cleared to SEZ unit - Rule 6(6) of CENVAT Credit Rules, 2004 - the amendment carried out in Rule 6(6) by way of Notification No.50/2008 was retrospective.

Penalty on directors - Rule 26 of the Central Excise Rules - Rule 26 is prima facie in excess of the Rule making power conferred under the Central Excise Act, 1944 - HC

Benefit of exemption subject to the condition that no Cenvat Credit is availed - The appellant are eligible for exemption under Notification No. 30/2004-C.E. when they...

Imposition of penalty - Issue of bogus invoices - Penalty under Rule 26, whether under sub-Rule (1) of Rule 26 or under sub-Rule (2) of Rule 26 can be imposed on a...

Sabka Vishwas (Legacy Dispute Resolution) Scheme - payment after the cut of date - he petitioners have paid the amount from its bank account on 30.06.2020. The...

CENVAT Credit - capital goods - manufacture of exempted goods - On analysis of CENVAT Credit Rules, 2004 particularly Rule 6(6)(v) which are explanation to Rule 6(4),...

Quick Updates: