Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
In a High Court case involving an auction sale in Corporate Insolvency Resolution Process (CIRP) u/s IBC, the issue was the refund of bid amount by the successful bidder. The Recovery Officer set aside the auction proceedings and sale in favor of the bidder. The Court held that the corporate debtor had no legal right over the bid amount, which was to be refunded to the successful bidder. The Court directed the Recovery Officer to release the amount to the bidder promptly. The Court disposed of the petitions without expressing an opinion on the merits, considering the NCLT's order.
In a High Court case involving an auction sale in Corporate Insolvency Resolution Process (CIRP) u/s IBC, the issue was the refund of bid amount by the successful bidder. The Recovery Officer set aside the auction proceedings and sale in favor of the bidder. The Court held that the corporate debtor had no legal right over the bid amount, which was to be refunded to the successful bidder. The Court directed the Recovery Officer to release the amount to the bidder promptly. The Court disposed of the petitions without expressing an opinion on the merits, considering the NCLT's order.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4786
Join Channel
TaxTMI 
