Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
Continuing personal guarantees may extend to renewed credit facilities where the guarantee remains effective until all dues are paid and the guarantor signs the renewal. Contractual liability can also exceed a stipulated principal cap where the guarantee expressly provides for interest at the stipulated or subsequently notified rate from demand. On these terms, the guarantee applies to the renewed facility and covers contracted interest in addition to the capped principal amount, supporting initiation of a personal insolvency resolution process against the guarantor.
Continuing personal guarantees may extend to renewed credit facilities where the guarantee remains effective until all dues are paid and the guarantor signs the renewal. Contractual liability can also exceed a stipulated principal cap where the guarantee expressly provides for interest at the stipulated or subsequently notified rate from demand. On these terms, the guarantee applies to the renewed facility and covers contracted interest in addition to the capped principal amount, supporting initiation of a personal insolvency resolution process against the guarantor.
Note: It is a system-generated summary and is for quick reference only.
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