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SC advises NCLT against routine asset revaluation orders

The SC set aside an order of revaluation passed by the NCLT, stating that there was no justification for the revaluation when there were no objections raised by the RP or the CoC regarding any irregularity in the resolution plan. ....

Ahsanuddin Amanullah , Vikram Nath , National Company Law Appellate Tribunal , Justices Vikram Nath , Bankruptcy Code , Supreme Court , Committee Of Creditors , Resolution Professional ,

UCLA Bruins host Cal Golden Bears after dark to conclude more than a century of Pac-12 football

Line: UCLA by 9 1/2, according to FanDuel Sportsbook. The Pac-12 as college football fans have known it for over a century ends with one final after dark affair. The Golden Bears retained possession of The Axe rivalry trophy with a 27-15 win over Stanford, putting themselves in position to become bowl eligible for the first time since 2019 by defeating the other most prominent member of the University of California system. ....

United States , J Michael Sturdivant , Justin Wilcox , Fanduel Sportsbook , Jaydn Ott , Trond Grizzell , Fernando Mendoza , University Of California , Golden Bears , Victory Bell , Southern California , Washington State , Big Game , Rose Bowl , He Bruins , Golden Bears , Fernando Mendoza , College Football , Washington State , Jaydn Ott ,

No deductions can be claimed on profits from forex fluctuations: SC

“The policy behind the deductions of profits from the business of exports is to encourage and incentivise export trade. Through Section 80HHC (of the Income Tax Act), the Parliament restricted the deduction of profit from the assessee s export of goods/merchandise. The interpretation now suggested by the assessee would add one more source to the sources stated in Section 80 HHC of the Act. Such a course is impermissible,” the apex court said. ....

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