Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
Tax exemption for specified legal-services authority income applies retrospectively, subject to non-commercial activity, unchanged income sources, and...
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The NCLAT, an Appellate Tribunal, rejected an application regarding Auction Sale by a Liquidator in a Company Appeal. The Appellant, an Erstwhile Director/Shareholder of the Corporate Debtor, questioned the Sale Certificate and Sale made by the Liquidator. The Tribunal noted the finality of the Order of Liquidation and the Appellant's status as an Ex-Director/Shareholder. The Appellant's delay in questioning the sale precluded him from reopening the proceedings. The Interlocutory Application was deemed not grounds to revisit the Auction Sale. The appeal was dismissed, and the Impugned Order was affirmed.
The NCLAT, an Appellate Tribunal, rejected an application regarding Auction Sale by a Liquidator in a Company Appeal. The Appellant, an Erstwhile Director/Shareholder of the Corporate Debtor, questioned the Sale Certificate and Sale made by the Liquidator. The Tribunal noted the finality of the Order of Liquidation and the Appellant's status as an Ex-Director/Shareholder. The Appellant's delay in questioning the sale precluded him from reopening the proceedings. The Interlocutory Application was deemed not grounds to revisit the Auction Sale. The appeal was dismissed, and the Impugned Order was affirmed.
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