Exempt-income expenditure disallowance is confined to investments that actually generated exempt income, while supported business expenses remain dedu...
Objective characteristics and principal use govern mining-tyre classification, while fresh advance ruling applications may rely on additional technica...
Administrative fraud classification suspension does not halt independent criminal investigation or warrant-based searches into alleged economic offenc...
Insolvency and BankruptcyFebruary 23, 2024Case LawsAT
Prayer for condonation of delay of 1197 days and admission of the claim - The appellants argue that their claims should be considered despite the approval of the Resolution Plan by the CoC. They contend that the Corporate Debtor is bound to honor agreements, but the respondents argue that no new claims can be admitted after the approval of the plan. - The NCLAT held that, there is no error has been committed by the Adjudicating Authority in rejecting Applications filed by the Appellants.
Prayer for condonation of delay of 1197 days and admission of the claim - The appellants argue that their claims should be considered despite the approval of the Resolution Plan by the CoC. They contend that the Corporate Debtor is bound to honor agreements, but the respondents argue that no new claims can be admitted after the approval of the plan. - The NCLAT held that, there is no error has been committed by the Adjudicating Authority in rejecting Applications filed by the Appellants.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
