Interactive flat panels meeting automatic data processing conditions are distinguished from monitors, while later classification clarifications apply ...
Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and providen...
Regulation 31A authorises a regulatory fee on resolution plans as part of insolvency resolution process costs. The Insolvency and Bankruptcy Board's powers to levy fees and make regulations extend across the corporate insolvency resolution process and are not confined to service-provider registration or renewal. The residuary category of process costs may include the fee because the listed costs share no common genus limiting that power. The levy is a regulatory fee, not a tax: a broad nexus with regulatory services is sufficient and exact quid pro quo is unnecessary. It is neither arbitrary nor excessive merely because the regulator generates a surplus. The proviso applies prospectively to resolution plans pending adjudicatory approval and does not impose retrospective liability.
Regulation 31A authorises a regulatory fee on resolution plans as part of insolvency resolution process costs. The Insolvency and Bankruptcy Board's powers to levy fees and make regulations extend across the corporate insolvency resolution process and are not confined to service-provider registration or renewal. The residuary category of process costs may include the fee because the listed costs share no common genus limiting that power. The levy is a regulatory fee, not a tax: a broad nexus with regulatory services is sufficient and exact quid pro quo is unnecessary. It is neither arbitrary nor excessive merely because the regulator generates a surplus. The proviso applies prospectively to resolution plans pending adjudicatory approval and does not impose retrospective liability.
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