Discounted cash flow valuation protects share premium where projections are reasonable, while audited book expenses defeat unexplained-expenditure add...
Section 54 construction relief survives pre-transfer commencement when completion occurs within the statutory period, excluding ineligible spouse-owne...
Fraud classification show-cause notices founded on inconclusive forensic audit material cannot sustain action, permitting fresh proceedings on conclus...
Residuary jurisdiction in liquidation permits incidental and consequential directions necessary to give commercial effect to a going-concern sale, including revised shareholding, fresh equity, listing-related steps, removal of historical encumbrances, and restoration of active corporate status, subject to applicable procedures and regulatory powers. A going-concern purchaser receives clean-slate protection from pre-sale liabilities, while pending proceedings may continue in the corporate debtor's name under new management without determining their merits. Subsisting licences, approvals and contractual rights continue subject to compliance obligations. Relief extending to all receivables or creating a fresh limitation period is unavailable where not contemplated by the sale documents. Auction terms remain binding: statutory taxes, duties, charges and fees assumed by the purchaser cannot be waived through additional relief.
Residuary jurisdiction in liquidation permits incidental and consequential directions necessary to give commercial effect to a going-concern sale, including revised shareholding, fresh equity, listing-related steps, removal of historical encumbrances, and restoration of active corporate status, subject to applicable procedures and regulatory powers. A going-concern purchaser receives clean-slate protection from pre-sale liabilities, while pending proceedings may continue in the corporate debtor's name under new management without determining their merits. Subsisting licences, approvals and contractual rights continue subject to compliance obligations. Relief extending to all receivables or creating a fresh limitation period is unavailable where not contemplated by the sale documents. Auction terms remain binding: statutory taxes, duties, charges and fees assumed by the purchaser cannot be waived through additional relief.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4894 
