Charitable registration renewal cannot become an assessment of receipts, profitability or annual exemption compliance, requiring renewal and donation ...
AMP expenditure for own business is not an international transaction without an associated-enterprise arrangement, eliminating transfer pricing adjust...
Customs valuation must use comparable contemporary imports, while confiscation fines and penalties require proportionate recalculation on reassessed v...
Depositor-protection proceedings prevail over corporate insolvency, while liquidators may recover chit receivables using copies of seized company reco...
Intermediary service classification fails where overseas admission facilitation is supplied independently, preserving export treatment and small-provi...
Satellite transponder bandwidth is telecommunication, not Business Support Service; foreign non-telegraph providers triggered no service tax liability...
Insolvency and BankruptcyMarch 28, 2024Case LawsAT
Liquidation of the Corporate Debtor - The right of the appellant to propose a revised resolution plan - The judgment highlights the NCLAT's approach to balancing the interests of creditors and debtors within the framework of the IBC, particularly in the context of MSMEs. It reaffirms the principle that liquidation should be a last resort, with a preference for resolution and revival to maintain the entity's contribution to the economy.
Liquidation of the Corporate Debtor - The right of the appellant to propose a revised resolution plan - The judgment highlights the NCLAT's approach to balancing the interests of creditors and debtors within the framework of the IBC, particularly in the context of MSMEs. It reaffirms the principle that liquidation should be a last resort, with a preference for resolution and revival to maintain the entity's contribution to the economy.
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