Vicarious liability for dishonoured company cheques may extend to non-signatory directors where complaints contain foundational responsibility avermen...
Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Corporate insolvency admission requires the outstanding default on the date of admission to meet the statutory minimum threshold. Part-payments made before admission reduce the debt in default for this purpose, and financial creditors must disclose those payments to the Adjudicating Authority. Where the remaining default falls below the threshold, admission of the insolvency application cannot be sustained. The admission was set aside because pre-admission repayments reduced the outstanding default below the applicable minimum, and CIRP costs were directed to be borne by the appellant.
Corporate insolvency admission requires the outstanding default on the date of admission to meet the statutory minimum threshold. Part-payments made before admission reduce the debt in default for this purpose, and financial creditors must disclose those payments to the Adjudicating Authority. Where the remaining default falls below the threshold, admission of the insolvency application cannot be sustained. The admission was set aside because pre-admission repayments reduced the outstanding default below the applicable minimum, and CIRP costs were directed to be borne by the appellant.
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