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 ...
Business expenditure substantiation supports scrap credits, statutory payments and expense claims, while depreciation requires proof of actual busines...
Section 60(5) gives the Adjudicating Authority broad jurisdiction over questions arising out of or relating to corporate insolvency resolution, requiring an interpretation that supports expeditious resolution and preservation of asset value. Directions to suspended directors of a lessee corporate debtor to assist the resolution professional of the lessor corporate debtor in identifying and recovering leased electric vehicles had a direct nexus with the insolvency process. Their objection to being directed individually was inconsistent with their acknowledged responsibility to provide relevant information and assistance. The NCLAT upheld the cooperation directions and dismissed the appeal.
Section 60(5) gives the Adjudicating Authority broad jurisdiction over questions arising out of or relating to corporate insolvency resolution, requiring an interpretation that supports expeditious resolution and preservation of asset value. Directions to suspended directors of a lessee corporate debtor to assist the resolution professional of the lessor corporate debtor in identifying and recovering leased electric vehicles had a direct nexus with the insolvency process. Their objection to being directed individually was inconsistent with their acknowledged responsibility to provide relevant information and assistance. The NCLAT upheld the cooperation directions and dismissed the appeal.
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