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 BankruptcyDecember 3, 2022Case LawsAT
Cost of CIRP / Liquidation - Liability of operational creditors - Appellants are small suppliers and they don’t want to be burdened with additional liability as their business is in a very bad shape and they have lost already a crore plus. - Prayer accepted - Let Liquidation be continued and let amount be realized during Liquidation and be distributed in accordance with section 53 of the Code. - AT
Cost of CIRP / Liquidation - Liability of operational creditors - Appellants are small suppliers and they don’t want to be burdened with additional liability as their business is in a very bad shape and they have lost already a crore plus. - Prayer accepted - Let Liquidation be continued and let amount be realized during Liquidation and be distributed in accordance with section 53 of the Code. - AT
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