Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Imitation of CIRP - Admissibility of Intervention Petition - Homebuyers - Several intervention petitions were filed by unit holders in the project, seeking to dismiss the main company petition. These petitions were dismissed as well, with the NCLAT noting that the petitions were attempts to delay the CIRP process. - Additionally, the corporate debtor filed a scheme u/s 230 of the Companies Act, proposing to complete the project, arguing that the scheme should defer the Section 7 proceedings. However, the NCLAT found that the pending scheme could not halt the Section 7 application, emphasizing the need for an expeditious resolution as per the Supreme Court's directives.
Imitation of CIRP - Admissibility of Intervention Petition - Homebuyers - Several intervention petitions were filed by unit holders in the project, seeking to dismiss the main company petition. These petitions were dismissed as well, with the NCLAT noting that the petitions were attempts to delay the CIRP process. - Additionally, the corporate debtor filed a scheme u/s 230 of the Companies Act, proposing to complete the project, arguing that the scheme should defer the Section 7 proceedings. However, the NCLAT found that the pending scheme could not halt the Section 7 application, emphasizing the need for an expeditious resolution as per the Supreme Court's directives.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
