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...
Insolvency and BankruptcyFebruary 28, 2022Case LawsAT
Applicant/Petitioner had sought a direction to be issued to the ‘Liquidator to convene the Meeting of the Creditors (inclusive of all the Creditors i.e., “Respondent No. 2) and place before them the ‘Scheme of Compromise/Settlement’ for their consideration’, this ‘Tribunal’ taking note of the fact that if the Promoter is ineligible under Section 29A of I & B Code, 2016 cannot make an Application for ‘Compromise and Arrangement’ for taking the immovable property and actionable claim of the ‘Corporate Debtor’ - AT
Applicant/Petitioner had sought a direction to be issued to the ‘Liquidator to convene the Meeting of the Creditors (inclusive of all the Creditors i.e., “Respondent No. 2) and place before them the ‘Scheme of Compromise/Settlement’ for their consideration’, this ‘Tribunal’ taking note of the fact that if the Promoter is ineligible under Section 29A of I & B Code, 2016 cannot make an Application for ‘Compromise and Arrangement’ for taking the immovable property and actionable claim of the ‘Corporate Debtor’ - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
