Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
An arbitral award is a claim in corporate insolvency resolution, requiring the award-holder to submit it to the resolution professional. Once a resolution plan is approved, claims excluded from that plan are extinguished under the clean slate principle, and proceedings concerning them cannot continue. An unsubmitted award claim therefore renders a pending challenge to the award infructuous. A court deposit made as security for staying execution of an award does not amount to payment or transfer ownership to the award-holder. The deposit remains an asset of the corporate debtor, subject to the court's conditions, and may be refunded with accrued interest after the underlying claim is extinguished.
An arbitral award is a claim in corporate insolvency resolution, requiring the award-holder to submit it to the resolution professional. Once a resolution plan is approved, claims excluded from that plan are extinguished under the clean slate principle, and proceedings concerning them cannot continue. An unsubmitted award claim therefore renders a pending challenge to the award infructuous. A court deposit made as security for staying execution of an award does not amount to payment or transfer ownership to the award-holder. The deposit remains an asset of the corporate debtor, subject to the court's conditions, and may be refunded with accrued interest after the underlying claim is extinguished.
Note: It is a system-generated summary and is for quick reference only.
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