Liquidator appointment under Section 34 requires consideration of creditor recommendations, valid professional authorisation, and preservation of vali...
Income-tax exemption for specified regulatory fees and government grants applies subject to non-commercial activity and continuing compliance conditio...
Digital accessibility audit and remediation deadlines extended, while all other disability-compliance obligations for regulated entities remain unchan...
For enforcement of a foreign arbitral award, Article 137 applies and limitation runs from accrual of the right to apply, which may arise on communication of the signed award rather than invariably on the award date; on the facts stated, the petition was timely because the award was communicated later. The public policy objection failed because refusal of enforcement is confined narrowly to Section 48 grounds, and the transaction was treated as a commercial arrangement rather than a factoring transaction requiring registration. Joint and several liability under the award meant pursuit of one debtor did not bar action against another absent clear waiver or novation; the forbearance agreement did not extinguish liability.
For enforcement of a foreign arbitral award, Article 137 applies and limitation runs from accrual of the right to apply, which may arise on communication of the signed award rather than invariably on the award date; on the facts stated, the petition was timely because the award was communicated later. The public policy objection failed because refusal of enforcement is confined narrowly to Section 48 grounds, and the transaction was treated as a commercial arrangement rather than a factoring transaction requiring registration. Joint and several liability under the award meant pursuit of one debtor did not bar action against another absent clear waiver or novation; the forbearance agreement did not extinguish liability.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4798
Join Channel
TaxTMI 
