Arrest safeguards and transit remand requirements invalidated detention following inter-State transfer without communicated grounds or magistrate auth...
Arrest safeguards require disclosed grounds, relative intimation and transit remand, while duplicate prosecution under the CGST framework is unsustain...
Document Identification Number defects can invalidate GST assessments, with delayed challenges entertained conditionally where patent irregularities e...
Windmill commissioning evidence supported higher depreciation where grid connection and electricity generation proved operational use before the relev...
Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
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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