Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
Insolvency and BankruptcyFebruary 20, 2024Case LawsAT
Rejection of approval Plan - CIRP - One of the reasons given by the Adjudicating Authority for rejection is that the claim of Income Tax Department of dues to be paid has not been proposed - The NCLAT directs the Resolution Professional to convene a meeting of the Committee of Creditors (CoC) to consider the proposal mentioned in the affidavit of the SRA. If approved by the CoC, the Resolution Professional is instructed to submit a fresh application for approval of the plan along with any addendum to the plan.
Rejection of approval Plan - CIRP - One of the reasons given by the Adjudicating Authority for rejection is that the claim of Income Tax Department of dues to be paid has not been proposed - The NCLAT directs the Resolution Professional to convene a meeting of the Committee of Creditors (CoC) to consider the proposal mentioned in the affidavit of the SRA. If approved by the CoC, the Resolution Professional is instructed to submit a fresh application for approval of the plan along with any addendum to the plan.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
