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AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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        Case ID :
        Insolvency and Bankruptcy

        2019 (9) TMI 1635 - Tri - Insolvency and Bankruptcy

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        Share purchase directions at mean value, with final time granted to the respondent for instructions and compliance. Time was granted as a last chance for the respondent to take instructions on implementing the earlier order. The respondent was directed either to ...
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Share purchase directions at mean value, with final time granted to the respondent for instructions and compliance.

                              Time was granted as a last chance for the respondent to take instructions on implementing the earlier order. The respondent was directed either to purchase the company's assets and properties at the mean value or to permit the petitioner to purchase them on the same basis. The matter was then directed to be listed again for further consideration.


                              Issues: Whether time should be granted to the respondent to take instructions and whether the earlier order should be worked out by purchase or sale of the company's shares and assets at the mean value.

                              Outcome: Time was granted as a last chance. The respondent was directed to either purchase the assets and properties at the mean value or allow the petitioner to purchase the same, and the matter was directed to be listed again.

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