Necessary-party requirements limit impleadment of independent entities, while deferred consideration does not create an appealable adverse determinati...
Food supplement classification requires common parlance and authoritative tests, preventing treatment as proprietary Ayurvedic medicines without suppo...
Specified regulatory authority income receives conditional tax exemption, subject to non-commercial activity, unchanged income character, and return f...
Tax exemption for regulatory authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and return-filing...
Input tax credit conditions remain constitutionally valid, with eligible recipient claims considered under GST circulars and retrospective filing dead...
Revival of company appeal by Financial Creditor - Order of setting aside of CIRP - The application by Akasa Finance Ltd. cites the dishonour of 12 post-dated cheques tendered by the Corporate Debtor as grounds for the recall of the order. - The NCLAT considers the sequence of events, including the dishonour of cheques and the attempts by the Corporate Debtor to delay proceedings. It finds that the Financial Creditor has a valid reason to revive the appeal and recalls the previous order accordingly.
Revival of company appeal by Financial Creditor - Order of setting aside of CIRP - The application by Akasa Finance Ltd. cites the dishonour of 12 post-dated cheques tendered by the Corporate Debtor as grounds for the recall of the order. - The NCLAT considers the sequence of events, including the dishonour of cheques and the attempts by the Corporate Debtor to delay proceedings. It finds that the Financial Creditor has a valid reason to revive the appeal and recalls the previous order accordingly.
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