Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
MAT book-profit adjustments exclude disallowances for exempt-income expenditure and demerger expenditure unless expressly listed under the statutory c...
Omitted specified domestic transaction provision invalidates related-party expenditure transfer-pricing references and assessments based on consequent...
Insolvency and BankruptcyFebruary 28, 2024Case LawsAT
Prayer for direction for placing the Settlement Proposal submitted by the Appellant before the CoC for consideration - CoC unanimously decided to reject the proposal -The Adjudicating Authority's role is to ensure that the CoC's decision is not arbitrary. Upon review, it found that the CoC had adequately considered the proposal and made a reasoned decision. Therefore, the Adjudicating Authority upheld the rejection of the Appellant's application. - The National Company Law Appellate Tribunal (NCLAT) dismissed the appeal, finding no error in the Adjudicating Authority's decision to reject the Appellant's application.
Prayer for direction for placing the Settlement Proposal submitted by the Appellant before the CoC for consideration - CoC unanimously decided to reject the proposal -The Adjudicating Authority's role is to ensure that the CoC's decision is not arbitrary. Upon review, it found that the CoC had adequately considered the proposal and made a reasoned decision. Therefore, the Adjudicating Authority upheld the rejection of the Appellant's application. - The National Company Law Appellate Tribunal (NCLAT) dismissed the appeal, finding no error in the Adjudicating Authority's decision to reject the Appellant's application.
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