Embezzlement losses in charitable institutions remain allowable when misappropriation is established, irrecoverable, and not a specified-person benefi...
National long-distance undertaking status supports deduction where separately licensed infrastructure, resources, revenue, and expenditure establish c...
Agency reimbursement income follows contractual deposit-liability computation, while pending deposit collections do not constitute deemed-dividend loa...
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Insolvency and BankruptcyMarch 23, 2024Case LawsAT
Non-admission of full claim by RP - The NCLAT observes that the RP admitted the appellant's claim based on assured returns, which were revised in accordance with directions from the Adjudicating Authority. The court finds no grounds to interfere with the RP's decision and upholds the rejection of the appellant's plea for further enhancement of the claim.
Non-admission of full claim by RP - The NCLAT observes that the RP admitted the appellant's claim based on assured returns, which were revised in accordance with directions from the Adjudicating Authority. The court finds no grounds to interfere with the RP's decision and upholds the rejection of the appellant's plea for further enhancement of the claim.
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