Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Insolvency and BankruptcyAugust 25, 2020Case LawsAT
The stand as taken by the parties, suggest that the application under Section 10 of the I&B Code was filed by the ‘Corporate Applicant’ fraudulently with malicious intent and not for ‘Resolution’ or ‘Liquidation’ and may attract Section 65 of the I&B Code for penal action. However, as no such order has been passed by the Adjudicating Authority (NCLT), we are not passing any penal order u/s 65 - AT
The stand as taken by the parties, suggest that the application under Section 10 of the I&B Code was filed by the ‘Corporate Applicant’ fraudulently with malicious intent and not for ‘Resolution’ or ‘Liquidation’ and may attract Section 65 of the I&B Code for penal action. However, as no such order has been passed by the Adjudicating Authority (NCLT), we are not passing any penal order u/s 65 - AT
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