Customs Broker licence proceedings require accurate procedural facts before delay or natural-justice findings can justify setting aside regulatory act...
Provisional assessment finalisation must precede export duty recovery, while redemption fine fails for goods already exported and unavailable for conf...
CIRP - Liquidation proceedings - Rejection of claim of Yes Bank for transfer of VAT refund to the account of FEMC Pratibha JV - non relinquishing of security interest as part of liquidation estate - The Appellate Tribunal upheld the Adjudicating Authority's decision, dismissing the appeal. The VAT refund was correctly transferred to the Corporate Debtor's account, and Yes Bank's failure to comply with Regulation 21A justified the inclusion of secured assets in the liquidation estate. The appeal lacked merit and was dismissed.
CIRP - Liquidation proceedings - Rejection of claim of Yes Bank for transfer of VAT refund to the account of FEMC Pratibha JV - non relinquishing of security interest as part of liquidation estate - The Appellate Tribunal upheld the Adjudicating Authority's decision, dismissing the appeal. The VAT refund was correctly transferred to the Corporate Debtor's account, and Yes Bank's failure to comply with Regulation 21A justified the inclusion of secured assets in the liquidation estate. The appeal lacked merit and was dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4800
Join Channel
TaxTMI 
