Page 69 – Vaish Associates Advocates

Competition News Alert – CCI issues advisory for businesses during COVID-19

The Competition Commission of India (CCI) has issued official advisory to businesses in time of COVID 19 on 19th April 2020 . CCI has joined other competition authorities, including those in EU and USA abroad to remove Industry’s fears on consequences of any limited coordination between competitors to meet the shortage of supplies during the ongoing lockdown due to COVID 19 including coordination on research and development , logistic supports etc to meet the emergent requirement of essential items during the pandemic .

Hope to see you safe and return to normal schedule of work soon.

To read the Competition News Alert, click at Download Newsletter below.

We trust that you will find the same useful.

For any details and clarifications, please contact to:

Mr. M M Sharma at [email protected]

GST Cafe – Delhi HC quashes petition for equivalent continuation of pre-GST tax incentives

Hope this newsletter finds you in good health.

We are pleased to share with you the copy of our latest publication of GST Café, wherein we have analysed the recent ruling of the Delhi High Court in the case of Hero MotoCorp Ltd., wherein the Court dismissed the petition for continuation of pre-GST area-based tax incentives. “>

To read the GST Cafe, click at Download Newsletter.

We trust that you will find the same useful.

For any details and clarifications, please contact to:

Mr. Shammi Kapoor at [email protected]

GST Cafe – Rajasthan HC Judgment on UltraTech Nathdwara Cement Ltd

Hope this newsletter finds you in good health.

We are pleased to share with you the copy of our latest publication of GST Café, wherein we have analysed the recent ruling of the Rajasthan High Court in the case of UltraTech Nathdwara Cement Ltd., wherein the Court allowed the petition for quashing demands for tax dues for a period prior to finalization of the Resolution Plan under the Insolvency and Bankruptcy Code, 2016 (‘IBC).

To read the GST Cafe, click at Download Newsletter.

We trust that you will find the same useful.

For any details and clarifications, please contact to:

Mr. Shammi Kapoor at [email protected]

GST Cafe – Clarifications issued by CBIC related to Compliance amidst pandemic COVID-19

Hope this newsletter finds you in good health.

We are pleased to share with you a copy of our latest publication – GST Café, a briefing on the recent clarifications issued by the Central Board of Indirect Taxes and Customs (‘CBIC’) on the reliefs announced previously, in view of the pandemic COVID-19.

To read the GST Cafe, click at Download Newsletter.

We trust that you will find the same useful.

For any details and clarifications, please contact to:

Mr. Shammi Kapoor at [email protected]

Rajasthan HC strikes down demand notices, upholds binding nature of Resolution Plan

An issue plaguing successful resolution applicants under the Insolvency and Bankruptcy Code, 2016 (“IBC”) is with respect to government claims pertaining to the period prior to approval of the Resolution Plan. Government claims, such as those raised by the Income Tax Department, Central and State GST Department, extinguished by resolution plans continue to be pursued by such departments by way of issuance of demand notices under respective statutes.

UltraTech Nathdwara Cement Ltd. (formerly Binani Cements Ltd.) (“UNCL”) had filed a Writ Petition on the issue in the Rajasthan High Court, Jodhpur, for quashing the demand notices/ orders issued by the Tax Departments with respect to dues pertaining to the period prior to the approval of the Resolution Plan. The demand notices etc. were primarily with respect to disputes for the period prior to the corporate insolvency resolution contested by the Corporate Debtor i.e. Binani Cements Ltd.

To read the complete case summary, click at Download Newsletter.

For any further information/clarification, please feel free to write to:

Mr. Bomi F. Daruwala: [email protected]

Competition News Alert- CCI allows e-filing of complaints during lockdown due to COVID-19

The lockdown has been extended till 3rd May, 2020 and to allow parties to approach without having to visit its offices in New Delhi, the Competition Commission of India (CCI) has decided to allow filing of complaints / information (besides merger filings already on) electronically through e-filing facility as per latest Public Notice dated 13th April, 2020 .

To read the Competition News Alert, click at Download Newsletter.

We trust that you will find the same useful.

For any details and clarifications, please contact to:

Mr. M M Sharma at [email protected]