slump sale

CAM Advises SBI Steel Financing Deal
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Cyril Amarchand Mangaldas advised State Bank of India on ₹12,000 crore term debt extended to JSW Sambalpur Steel Limited for part financing the acquisition of Bhushan Power & Steel Limited’s steel business undertaking through a slump sale on a going concern basis.

Lati Industria Termoplastici acquisition
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Cyril Amarchand Mangaldas advised Lati Industria Termoplastici S.p.A. (“LATI”)

Income Tax Appellate Tribunal
Case BriefsTribunals/Commissions/Regulatory Bodies

ITAT noted that Parliament had taken due note that the Supreme Court had held that the goodwill arising on business reorganization i.e. amalgamation, slump sales, demerger etc. is a depreciable intangible asset under Section 32 of the Act.