Independent show-cause notices remain separate proceedings, while customs adjudication challenges should ordinarily follow the statutory appellate rem...
Institutional incapacity in customs settlement proceedings excludes non-functional quorum periods from statutory disposal timelines, preventing automa...
Interactive touchscreen panels with integrated computing functions fall under automatic data-processing machines rather than display monitors for cust...
Ex parte injunction service requirements were substantially met, while civil recovery and SFIO investigation into provident fund defalcation continued...
Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
IBBI has specified updated formats under the Liquidation Process Regulations, 2016 for use by insolvency professionals, IP entities and IPAs. The circular prescribes Forms AA, B, C, G, H, I and J for written consent to act as liquidator, public announcement, quarterly progress report, security-interest intimation, compliance certificate, deposit of unclaimed dividends or undistributed proceeds, and withdrawal from the Corporate Liquidation Account. It also states that claim forms notified under the CIRP Regulations may be used in liquidation, and references to IRP/RP in those forms are to be read as references to the liquidator.
IBBI has specified updated formats under the Liquidation Process Regulations, 2016 for use by insolvency professionals, IP entities and IPAs. The circular prescribes Forms AA, B, C, G, H, I and J for written consent to act as liquidator, public announcement, quarterly progress report, security-interest intimation, compliance certificate, deposit of unclaimed dividends or undistributed proceeds, and withdrawal from the Corporate Liquidation Account. It also states that claim forms notified under the CIRP Regulations may be used in liquidation, and references to IRP/RP in those forms are to be read as references to the liquidator.
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