Commitment proceedings gain extended timelines, structured defect refiling, and automatic resumption of inquiry after the adjusted completion period e...
Centralised assessment transfer becomes unwarranted once the searched person's assessment is complete, requiring restoration to the appropriate charge...
Co-operative deduction eligibility excludes refund and commercial-bank interest, while qualifying co-operative investments require entity-wise verific...
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Foundational loan documents seriously disputed as forged or fabricated can take a Section 7 insolvency petition beyond summary admission, especially where multiple versions of the facility agreement, inconsistent dates and signatures, and board resolutions not matching company records create a genuine fraud inquiry. The tribunal treated the alleged disbursal into an unauthorised account as relevant to whether a binding financial debt and default were established, and held that the doctrine of indoor management was unavailable where the transaction circumstances showed suspicion of irregularity. On that basis, dismissal of the petition was upheld.
Foundational loan documents seriously disputed as forged or fabricated can take a Section 7 insolvency petition beyond summary admission, especially where multiple versions of the facility agreement, inconsistent dates and signatures, and board resolutions not matching company records create a genuine fraud inquiry. The tribunal treated the alleged disbursal into an unauthorised account as relevant to whether a binding financial debt and default were established, and held that the doctrine of indoor management was unavailable where the transaction circumstances showed suspicion of irregularity. On that basis, dismissal of the petition was upheld.
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