The Chamber of Tax Consultants – March 2022 - MMJC

This covers the following cases:

1. Board of Directors need to justify the decisions taken in the meeting as to how they were in best interest of company. Merely mentioning so without validating it with facts is not acceptable – Final Order of the Whole Time Member in the matter of Landmark Leisure Corporation Ltd dated 20 January, 2022
2. A speculative investor, cannot claim status and benefits as financial creditor – In the matter of Nidhi Rekhan (Appellant/ Financial Creditor) vs. M/s. Samyak Projects Private Limited (Respondent/Corporate Debtor) at National Company Law Tribunal Appellate (NCLAT) New Delhi dated 31 January 2022

For a detailed case law summary please click here