Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
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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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