The Delhi Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that the income received by the Smaaash from bowling alley would be covered under Section 66D(j) of the Finance.
Prospective bidders have been given time until December 23 to submit fresh resolution plans with January 2, 2024 being set as the date for issuing the provisional list of prospective applicants., documents accessed by ET showed.
The Mumbai bench of the National Company Law Tribunal (NCLT) has invalidated the change of ownership of the "Smaaash" brand, labeling it a "fraudulent" transaction by promoter Shripal Morakhia. The NCLT directed the brand to be transferred back to insolvent Smaaash Entertainment (SEPL), potentially enhancing value for the debt-laden sports entertainment company with outstanding debts of ₹452 crore.
Best Media Info: While most of the advertisers are praising the launch of Twitter rival Threads, a few also suggest caution before jumping on the bandwagon| In-depth News