Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Corporate Insolvency Resolution Process (CIRP) against guarantor - corporate debtor admittedly being corporate guarantor to the money borrowed by the principal borrowers against payment of interest, it is a financial debt falling under Clause 8(i) - the person in default u/s 5(8)(i) is a company as envisaged under Section 3(7) of the Code, therefore this creditor can initiate section 7 proceedings against this corporate debtor
Corporate Insolvency Resolution Process (CIRP) against guarantor - corporate debtor admittedly being corporate guarantor to the money borrowed by the principal borrowers against payment of interest, it is a financial debt falling under Clause 8(i) - the person in default u/s 5(8)(i) is a company as envisaged under Section 3(7) of the Code, therefore this creditor can initiate section 7 proceedings against this corporate debtor
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
