Minimum alternate tax exclusions for pre-amendment banking companies and expatriate Indian branch salaries remain outside head office expenditure limi...
Contractual and development rights under a hire-purchase development arrangement may form part of the corporate debtor's insolvency assets even where land title remains with a statutory authority. Such rights are limited to the debtor's existing contractual entitlement and cannot divest third-party ownership, compel land transfer, or bypass statutory requirements for compounding or regularising unauthorised construction. The notes distinguish pre-CIRP sealing and confiscation for unauthorised construction from actions barred by the moratorium, and state that physical possession does not by itself determine land rights. A resolution plan must identify surviving contractual rights, respect third-party title, and address the availability of required statutory approvals.
Contractual and development rights under a hire-purchase development arrangement may form part of the corporate debtor's insolvency assets even where land title remains with a statutory authority. Such rights are limited to the debtor's existing contractual entitlement and cannot divest third-party ownership, compel land transfer, or bypass statutory requirements for compounding or regularising unauthorised construction. The notes distinguish pre-CIRP sealing and confiscation for unauthorised construction from actions barred by the moratorium, and state that physical possession does not by itself determine land rights. A resolution plan must identify surviving contractual rights, respect third-party title, and address the availability of required statutory approvals.
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