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...
Redemption of confiscated goods remains available where the person seeking redemption timely requests quantification of applicable customs duty, but the authorities neither quantify it nor clarify that redemption fine and penalty may be paid independently. Failure to complete redemption within the stipulated period cannot then be attributed solely to the claimant, notwithstanding that expiry ordinarily makes confiscation absolute. The High Court directed communication of duty and release of the gold bars after payment of duty, redemption fine, penalty and stipulated interest.
Redemption of confiscated goods remains available where the person seeking redemption timely requests quantification of applicable customs duty, but the authorities neither quantify it nor clarify that redemption fine and penalty may be paid independently. Failure to complete redemption within the stipulated period cannot then be attributed solely to the claimant, notwithstanding that expiry ordinarily makes confiscation absolute. The High Court directed communication of duty and release of the gold bars after payment of duty, redemption fine, penalty and stipulated interest.
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TaxTMI 
TaxTMI 
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