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...
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Pendency of CIRP against a promoter does not, by itself, bar a society's application for deemed conveyance under MOFA. The Court held that the promoter's duty to convey the land and building arises from statutory and contractual obligations, and that deemed conveyance is a statutory mechanism to perfect the flat purchasers' title, not debt recovery or enforcement of a monetary claim. It further held that there is no inconsistency between MOFA and the IBC requiring exclusion under Section 238, and that the moratorium under Section 14 does not prevent the Competent Authority from deciding the application on merits. The refusal was set aside and the matter restored.
Pendency of CIRP against a promoter does not, by itself, bar a society's application for deemed conveyance under MOFA. The Court held that the promoter's duty to convey the land and building arises from statutory and contractual obligations, and that deemed conveyance is a statutory mechanism to perfect the flat purchasers' title, not debt recovery or enforcement of a monetary claim. It further held that there is no inconsistency between MOFA and the IBC requiring exclusion under Section 238, and that the moratorium under Section 14 does not prevent the Competent Authority from deciding the application on merits. The refusal was set aside and the matter restored.
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