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...
Commitment proceedings gain extended timelines, structured defect refiling, and automatic resumption of inquiry after the adjusted completion period e...
Rejection of claim filed by appellant - Appellant states that the Respondent / CD, did not perform its part of the contract from its inception and did not establish the letters of credit as contemplated - The Tribunal concurs with the Respondent that claims lacking supporting documents cannot be admitted. It upholds the Liquidator's decision to reject claims that lack substantiation and require adjudication by a competent civil court or arbitrator. Regarding the role of the Liquidator, the Tribunal agrees that her actions align with the IBC and Liquidation Regulations. She is obligated to verify claims based on available information and is not empowered to adjudicate disputes between parties.
Rejection of claim filed by appellant - Appellant states that the Respondent / CD, did not perform its part of the contract from its inception and did not establish the letters of credit as contemplated - The Tribunal concurs with the Respondent that claims lacking supporting documents cannot be admitted. It upholds the Liquidator's decision to reject claims that lack substantiation and require adjudication by a competent civil court or arbitrator. Regarding the role of the Liquidator, the Tribunal agrees that her actions align with the IBC and Liquidation Regulations. She is obligated to verify claims based on available information and is not empowered to adjudicate disputes between parties.
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