Approved resolution plans extinguish unsubmitted pre-approval tax claims, preventing later recovery outside the insolvency process and preserving a cl...
Transfer pricing comparability requires functional alignment and permits working capital adjustment, while APA margins cannot govern non-covered years...
Treaty benefit, goodwill depreciation and hedging costs: export commission disallowed, while key business deductions and depreciation claims succeeded...
Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
Page of 4788
Press 'Enter' after typing page number.
641 to 660 of 95749 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Section 34 treats continuation of the resolution professional as...
Liquidator appointment under Section 34 requires consideration of creditor recommendations, valid professional authorisation, and preservation of valid prior liquidation steps.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Section 34 treats continuation of the resolution professional as liquidator as the default position, while replacement is limited to specified statutory grounds. A Committee of Creditors' unanimous recommendation for a liquidator is material and requires consideration; a general bar on appointing an erstwhile interim or resolution professional is not supported where the underlying facts do not apply. Appointment also requires verification of a valid and subsisting Authorisation for Assignment before charge is assumed. Routine liquidation steps taken by an incumbent may remain effective, while the outgoing liquidator may receive costs and fees for work genuinely performed.
Section 34 treats continuation of the resolution professional as liquidator as the default position, while replacement is limited to specified statutory grounds. A Committee of Creditors' unanimous recommendation for a liquidator is material and requires consideration; a general bar on appointing an erstwhile interim or resolution professional is not supported where the underlying facts do not apply. Appointment also requires verification of a valid and subsisting Authorisation for Assignment before charge is assumed. Routine liquidation steps taken by an incumbent may remain effective, while the outgoing liquidator may receive costs and fees for work genuinely performed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4788
Join Channel
TaxTMI 
