Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
Transaction value cannot be rejected solely on non-statutory valuation guidelines without corroborative evidence supporting reassessment of final cust...
Cross-examination rights and corroborated evidence limit customs penalties for misdeclaration in genuine import transactions involving documented clea...
Tariff classification of vehicle gear components follows the specific gearing entry, displacing motor-vehicle parts classification and related liabili...
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Insolvency and BankruptcyMarch 22, 2024Case LawsAT
Approval of Resolution Plan by the Committee of Creditors (Coc) and Adjudicating Authority - Group of 77 homebuyers as a class of creditors seeking rejection of plan. - the Tribunal found no merit in the appellant's arguments. It noted that the appellants failed to substantiate their claims regarding the resolution plan's unfairness or the alleged related party influence. The CoC's approval of the resolution plan was deemed to be based on the collective business wisdom of its members. - The Tribunal found no evidence that the CoC was irregularly constituted or that the financial creditor in question improperly participated in the CoC as a related party. - the Tribunal dismissed the allegations against the RP, noting that the RP had acted within the bounds of their duties and responsibilities.
Approval of Resolution Plan by the Committee of Creditors (Coc) and Adjudicating Authority - Group of 77 homebuyers as a class of creditors seeking rejection of plan. - the Tribunal found no merit in the appellant's arguments. It noted that the appellants failed to substantiate their claims regarding the resolution plan's unfairness or the alleged related party influence. The CoC's approval of the resolution plan was deemed to be based on the collective business wisdom of its members. - The Tribunal found no evidence that the CoC was irregularly constituted or that the financial creditor in question improperly participated in the CoC as a related party. - the Tribunal dismissed the allegations against the RP, noting that the RP had acted within the bounds of their duties and responsibilities.
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