Bank account freezing requires statutory authority; anti-money-laundering compliance and KYC monitoring do not permit unilateral indefinite restrictio...
Handicraft job work receives concessional GST only for registered principals and predominantly handmade goods; commercial resin articles remain taxabl...
Insolvency and BankruptcySeptember 19, 2022Case LawsAT
Validity of Auction held by the Liquidator - reduced Upset Price - the act of Liquidator stands to be valid as the process was conducted in accordance with the IBBI Rules and Regulations, especially as per Rule 4A and 4B, the Liquidator has power to reduce the Reserve Price by 25% for subsequent action. There is no error in the impugned order w.r.t. this aspect. - AT
Validity of Auction held by the Liquidator - reduced Upset Price - the act of Liquidator stands to be valid as the process was conducted in accordance with the IBBI Rules and Regulations, especially as per Rule 4A and 4B, the Liquidator has power to reduce the Reserve Price by 25% for subsequent action. There is no error in the impugned order w.r.t. this aspect. - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4830 
Join Channel 
