Mark-to-Market losses on principal-protected debentures are deductible as business expenditure when the obligation is crystallized under mercantile ac...
Deferred Payment of Customs Duty extended to Eligible Manufacturer Importers with electronic registration and ICEGATE authentication for conditional c...
Tariff classification determines GST schedule and rate; beverages in Schedule III attract the higher rate, tea extracts and syrups in Schedule I attra...
Fraudulent trading requires cogent evidence of intent to defraud; ordinary-course payments protected, except post-insolvency withdrawals must be resto...
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A successful resolution applicant who participated in a CoC-approved process and accepted known stipulations could not later describe the letters of intent as conditional or withdraw from the plan; the objection was rejected and the applicant remained bound by the resolution process. Failure to furnish the performance bank guarantee and comply with the accepted timeline attracted forfeiture of the earnest money deposit under the plan terms, and the forfeiture was upheld. The CoC was also entitled, before confirmation of the resolution plan, to resolve to liquidate the corporate debtor; that decision was treated as an exercise of commercial wisdom, and the challenge to liquidation was dismissed.
A successful resolution applicant who participated in a CoC-approved process and accepted known stipulations could not later describe the letters of intent as conditional or withdraw from the plan; the objection was rejected and the applicant remained bound by the resolution process. Failure to furnish the performance bank guarantee and comply with the accepted timeline attracted forfeiture of the earnest money deposit under the plan terms, and the forfeiture was upheld. The CoC was also entitled, before confirmation of the resolution plan, to resolve to liquidate the corporate debtor; that decision was treated as an exercise of commercial wisdom, and the challenge to liquidation was dismissed.
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