Actual-user customs exemption conditions permit turnkey project transfers when imported windmill components are exclusively used for installation and ...
Customs offence disqualification excludes civil contraventions, preventing refusal of a private bonded warehouse licence based solely on monetary pena...
Residual food-preparation classification places fermented Nata De Coco outside fruit-jelly categories, changing its GST treatment across notified peri...
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Closure of CIRP may be ordered where withdrawal under section 12A read with Regulation 30A is infeasible because CIRP costs remain uncrystallised and Form FA and a bank guarantee cannot be furnished. Where all creditor claims are settled or covered by accepted full-and-final settlements, no resolution plan exists, and the appellant undertakes to pay CIRP costs as determined, continuing CIRP serves no insolvency-resolution purpose and only increases costs. CIRP was closed subject to payment of the operational creditor's agreed settlement and CIRP costs following determination by the Adjudicating Authority.
Closure of CIRP may be ordered where withdrawal under section 12A read with Regulation 30A is infeasible because CIRP costs remain uncrystallised and Form FA and a bank guarantee cannot be furnished. Where all creditor claims are settled or covered by accepted full-and-final settlements, no resolution plan exists, and the appellant undertakes to pay CIRP costs as determined, continuing CIRP serves no insolvency-resolution purpose and only increases costs. CIRP was closed subject to payment of the operational creditor's agreed settlement and CIRP costs following determination by the Adjudicating Authority.
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