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 BankruptcySeptember 26, 2022Case LawsAT
Invocation and encashment of Performance Bank Guarantee(s) (PBG) granted by the Appellant - surety in a contract of guarantee to a ‘Corporate Debtor’ - A Performance Bank Guarantee does not enjoy the benefits of a moratorium under Section 14 of the Code. - the amount may be utilised for the functioning of the ‘Corporate Debtor’ as a Going Concern. - AT
Invocation and encashment of Performance Bank Guarantee(s) (PBG) granted by the Appellant - surety in a contract of guarantee to a ‘Corporate Debtor’ - A Performance Bank Guarantee does not enjoy the benefits of a moratorium under Section 14 of the Code. - the amount may be utilised for the functioning of the ‘Corporate Debtor’ as a Going Concern. - AT
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