Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Insolvency and BankruptcyMarch 29, 2024Case LawsAT
CIRP - Completion of Real estate project during the Proceedings - Appellant filed an application seeking permission for unsecured and secured financial creditors to vote on the Project Completion Proposal - The Appellant sought permission for financial creditors to vote on a Project Completion Proposal, which was granted by the Tribunal. After overwhelming support in the voting process, the Tribunal permitted the Appellant to implement the Proposal under the supervision of the IRP and in accordance with reverse CIRP principles. The appeal was disposed of, with liberty given to parties to approach the Court for any difficulties during project completion.
CIRP - Completion of Real estate project during the Proceedings - Appellant filed an application seeking permission for unsecured and secured financial creditors to vote on the Project Completion Proposal - The Appellant sought permission for financial creditors to vote on a Project Completion Proposal, which was granted by the Tribunal. After overwhelming support in the voting process, the Tribunal permitted the Appellant to implement the Proposal under the supervision of the IRP and in accordance with reverse CIRP principles. The appeal was disposed of, with liberty given to parties to approach the Court for any difficulties during project completion.
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