Fair-rent assessment requires consideration of lease terms, valuation principles and prevailing market rent; the certificate was quashed for fresh rev...
Document Identification Number compliance is satisfied when electronically communicated orders are promptly authenticated through a correctly identifi...
Industrial shrimp-feed machinery classification follows its commercial function, placing integrated production plants under the specific industrial fo...
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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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