Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
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.
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