20170811

Leasehold right in favour of company-in-liquidation couldn’t end automatically by operation of law: HC
Provident Investment Company Ltd. v. Devidayala Industries Ltd.

Application for insolvency process was to be allowed on failure to pay debts by corporate debtors: NCLT
NATIONAL COMPANY LAW TRIBUNAL. Super Multicolor Printers (P.) Ltd. Chd. In re*

Subsidy couldn't be reduced from cost of capital asset if it was given for expansion of industrial unit.
Dayal Steel Ltd. v. Additional Commissioner of Income-tax, Range-2.