Time-share accommodation classification excludes Club or Association Service where purchasers receive contractual occupancy rights without genuine mem...
CENVAT credit for trading requires reversal, while taxable-service rental credit remains proportionately available and limitation issues await resolut...
Vicarious liability for dishonoured company cheques may extend to non-signatory directors where complaints contain foundational responsibility avermen...
Charitable registration turns on predominant purpose and genuine activities, while incidental fees and related-party rent require supporting adverse m...
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The National Company Law Appellate Tribunal, New Delhi, addressed the admissibility of a section 9 application for initiation of Corporate Insolvency Resolution Process (CIRP) in the presence of pre-existing disputes between the parties. Referring to the Supreme Court's ruling in Mobilox Innovations Pvt Ltd Vs Kirusa Software Pvt Ltd, it was emphasized that a pre-existing dispute must be more than a feeble legal argument or unsupported assertion. The Tribunal noted that the existence of claims or counterclaims, even without a reply to a demand notice, could establish a pre-existing dispute warranting rejection of a Section 9 petition. In this case, the Corporate Debtor had already initiated arbitration proceedings prior to the Section 9 petition, indicating a pre-existing dispute that could not be resolved summarily. Consequently, the Tribunal allowed the appeal and directed the dismissal of the Section 9 petition.
The National Company Law Appellate Tribunal, New Delhi, addressed the admissibility of a section 9 application for initiation of Corporate Insolvency Resolution Process (CIRP) in the presence of pre-existing disputes between the parties. Referring to the Supreme Court's ruling in Mobilox Innovations Pvt Ltd Vs Kirusa Software Pvt Ltd, it was emphasized that a pre-existing dispute must be more than a feeble legal argument or unsupported assertion. The Tribunal noted that the existence of claims or counterclaims, even without a reply to a demand notice, could establish a pre-existing dispute warranting rejection of a Section 9 petition. In this case, the Corporate Debtor had already initiated arbitration proceedings prior to the Section 9 petition, indicating a pre-existing dispute that could not be resolved summarily. Consequently, the Tribunal allowed the appeal and directed the dismissal of the Section 9 petition.
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