Capital-gains exemption for charitable trusts extends to qualifying fixed deposits, while unrecoverable TDS write-offs may constitute income applicati...
India-UK treaty characterisation of telecom-service receipts as business profits withstands unilateral domestic-law amendments for Indian tax purposes...
Transfer-pricing reimbursement adjustments require uncontrolled comparables and cannot become expense-genuineness reviews, resulting in deletion of th...
Death of a natural-person resolution applicant after committee of creditors approval does not automatically render a resolution plan unimplementable or permit liquidation. A resolution applicant acts as a promisor, not an office-holder with non-heritable obligations, and liquidation remains confined to specified statutory contingencies. The resolution request and plan terms should govern continuation; if silent, inherent powers may require the committee of creditors to examine implementation by an eligible, competent and willing heir or reconsider earlier plans before forced liquidation. A pending CIRP withdrawal application based on settlement with the sole committee member must be considered and cannot be denied merely because liquidation was ordered. Liquidation was set aside, CIRP revived, and the withdrawal application directed for consideration.
Death of a natural-person resolution applicant after committee of creditors approval does not automatically render a resolution plan unimplementable or permit liquidation. A resolution applicant acts as a promisor, not an office-holder with non-heritable obligations, and liquidation remains confined to specified statutory contingencies. The resolution request and plan terms should govern continuation; if silent, inherent powers may require the committee of creditors to examine implementation by an eligible, competent and willing heir or reconsider earlier plans before forced liquidation. A pending CIRP withdrawal application based on settlement with the sole committee member must be considered and cannot be denied merely because liquidation was ordered. Liquidation was set aside, CIRP revived, and the withdrawal application directed for consideration.
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