Transfer-pricing aggregation of distinct support-service and subcontract transactions was rejected, while debt-free receivables attracted no notional ...
Customs exemptions cover photovoltaic assembly machinery and PVF backsheets, while fully declared cleared imports may avoid confiscation and penalties...
Specific tariff classification for LCD devices overrides treatment as electricity-meter parts, defeating differential duty, extended limitation, and p...
Stayed disciplinary punishment does not establish unfitness for insolvency professional registration; reconsideration must disregard mere pendency of ...
Indirect corporate control can create related-party status, excluding financial creditors from Committee of Creditors representation, participation an...
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The Delhi High Court allowed the application regarding money laundering and provisional attachment of property. The court ordered the substitution of the attached property, a land worth Rs. 4,68,60,710/-, with a bank guarantee of equivalent amount to be provided by the petitioner within 15 days. The bank guarantee will have a lien in favor of the respondent and will be kept active through periodic renewals until the trial concludes. If the respondents succeed, they can encash the bank guarantee. The petitioner must submit an affidavit undertaking not to create any interest in the bank guarantee for any other party. This decision aligns with Supreme Court precedents allowing substitution of attached property with financial instruments.
The Delhi High Court allowed the application regarding money laundering and provisional attachment of property. The court ordered the substitution of the attached property, a land worth Rs. 4,68,60,710/-, with a bank guarantee of equivalent amount to be provided by the petitioner within 15 days. The bank guarantee will have a lien in favor of the respondent and will be kept active through periodic renewals until the trial concludes. If the respondents succeed, they can encash the bank guarantee. The petitioner must submit an affidavit undertaking not to create any interest in the bank guarantee for any other party. This decision aligns with Supreme Court precedents allowing substitution of attached property with financial instruments.
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