Personal guarantor insolvency jurisdiction follows the corporate debtor's CIRP Bench, enabling inter-territorial transfer and preventing parallel proc...
Section 47-A undervaluation threshold: fraudulent intent requirement faces reconsideration after referral to a larger Bench for authoritative resoluti...
RBI supersession powers over multi-State co-operative banks operate independently of the constitutional six-month ceiling and permit statutory extensi...
Regulation 12(8) of the Handling of Cargo in Customs Area Regulations, 2009, caps the penalty for a cargo handling operator's acts of omission or commission at Rs. 50,000. An adjudicating authority cannot impose a penalty exceeding that statutory maximum under the Regulation, and an earlier departmental precedent cannot displace the clear ceiling. The penalty was accordingly restricted to Rs. 50,000, with the appeal partly allowed through modification of the impugned order.
Regulation 12(8) of the Handling of Cargo in Customs Area Regulations, 2009, caps the penalty for a cargo handling operator's acts of omission or commission at Rs. 50,000. An adjudicating authority cannot impose a penalty exceeding that statutory maximum under the Regulation, and an earlier departmental precedent cannot displace the clear ceiling. The penalty was accordingly restricted to Rs. 50,000, with the appeal partly allowed through modification of the impugned order.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4881 
