Residual food-preparation classification places fermented Nata De Coco outside fruit-jelly categories, changing its GST treatment across notified peri...
Settlement application eligibility requires a pending assessment when filed, preventing an extra prior-eligibility condition from blocking considerati...
Reassessment for unreturned property sales survives where transfer information, non-filing, and unsupported exemption claims establish a prima facie l...
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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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