Topic

Judicial Stay

4 articlesLatest May 2026
IBC Regulation 34 | Stay on CoC Constitution Limits IRP Fees to Pro Rata Basis for Functions Performed : NCLAT
|National Company Law Appellate Tribunal

IBC Regulation 34 | Stay on CoC Constitution Limits IRP Fees to Pro Rata Basis for Functions Performed : NCLAT

NCLAT rules that an Interim Resolution Professional (IRP) is entitled only to proportional fees for duties performed during a stay on Committee of Creditors (CoC) constitution, rejecting claims for full statutory remuneration. The ruling clarifies that fee entitlement under IBC is contingent on actual functions discharged, not mere appointment duration.

Section 10(23C)(via) Exemption | ITAT Mumbai Mandates Compliance with Interim High Court Orders, Quashes Assessment for Non-Adherence
Case Law Analysis
|Income Tax Appellate Tribunal

Section 10(23C)(via) Exemption | ITAT Mumbai Mandates Compliance with Interim High Court Orders, Quashes Assessment for Non-Adherence

ITAT Mumbai ruled that Assessing Officers must stay proceedings and comply with interim High Court directions under Section 10(23C)(via) of the Income Tax Act. The Tribunal set aside an assessment order for ignoring judicial stay, reinforcing that interim orders bind tax authorities until final disposal of writ petitions, ensuring natural justice for charitable trusts.