Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
Explained Investment Sources: documented gifts and traceable salary savings supported deletion of additions for property and mutual-fund SIP investmen...
Internal comparable pricing supports arm's-length interest on compulsorily convertible debentures, preventing their recharacterisation as equity for t...
Nominee director protection shields independent financial-institution appointees from criminal liability where they lack involvement in deposit defaul...
Section 33(1)(a) requires liquidation when the CIRP expires without a resolution plan submitted under Section 30(6) or a valid extension. This consequence operates independently of liquidation initiated through a Committee of Creditors resolution under Section 33(2); failure of that separate proposal to receive the required vote does not prevent liquidation. The Committee's commercial wisdom remains subject to statutory CIRP timelines and cannot revive an expired process. Post-expiry directions, later expressions of interest, and MSME eligibility cannot replace a resolution plan submitted and processed within the prescribed period.
Section 33(1)(a) requires liquidation when the CIRP expires without a resolution plan submitted under Section 30(6) or a valid extension. This consequence operates independently of liquidation initiated through a Committee of Creditors resolution under Section 33(2); failure of that separate proposal to receive the required vote does not prevent liquidation. The Committee's commercial wisdom remains subject to statutory CIRP timelines and cannot revive an expired process. Post-expiry directions, later expressions of interest, and MSME eligibility cannot replace a resolution plan submitted and processed within the prescribed period.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4881 
