Form 26AS evidence requires successor-entity accounting verification after business transfer, while invoice-supported related-party advertising expend...
Money-laundering judgment timing requires awaiting the scheduled-offence decision despite continuation of the underlying trial where outcomes directly...
Accredited investor eligibility expands through securities-market exposure, while alternative investment fund disputes require prescribed resolution a...
Page of 4916
Press 'Enter' after typing page number.
41 to 60 of 98302 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Insolvency and BankruptcyApril 29, 2024Case LawsAT
Initiation of CIRP - NCLAT admitted the application u/s 7 - NPA - Relevant date of default - The National Company Law Appellate Tribunal upheld the decision to initiate CIRP against the corporate debtor. The Tribunal confirmed that the declaration of the loan as an NPA on the due date for lack of payment beyond 90 days stands as the valid default date. This decision was supported by the regulatory definitions and reinforced by supreme court rulings that align NPA declarations with the default dates under the IBC. The arguments by the Appellant regarding the necessity of a cure period notice were dismissed by the Tribunal, which cited that the financial institution's actions were within legal bounds and supported by judicial precedents.
Initiation of CIRP - NCLAT admitted the application u/s 7 - NPA - Relevant date of default - The National Company Law Appellate Tribunal upheld the decision to initiate CIRP against the corporate debtor. The Tribunal confirmed that the declaration of the loan as an NPA on the due date for lack of payment beyond 90 days stands as the valid default date. This decision was supported by the regulatory definitions and reinforced by supreme court rulings that align NPA declarations with the default dates under the IBC. The arguments by the Appellant regarding the necessity of a cure period notice were dismissed by the Tribunal, which cited that the financial institution's actions were within legal bounds and supported by judicial precedents.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
