Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Section 7 application rejected as barred by Section 10A of IBC. Supreme Court held no bar in amending pleadings or filing additional documents u/s 7, but present case involved changing default date without justification. Section 10A provides protection to corporate debtor during COVID period, which cannot be circumvented indirectly. Adjudicating Authority rightly rejected amendment application and Section 7 application as barred by Section 10A, which prohibits filing applications for defaults during the specified period. Argument of continuous default rejected. Appeal dismissed by NCLAT.
Section 7 application rejected as barred by Section 10A of IBC. Supreme Court held no bar in amending pleadings or filing additional documents u/s 7, but present case involved changing default date without justification. Section 10A provides protection to corporate debtor during COVID period, which cannot be circumvented indirectly. Adjudicating Authority rightly rejected amendment application and Section 7 application as barred by Section 10A, which prohibits filing applications for defaults during the specified period. Argument of continuous default rejected. Appeal dismissed by NCLAT.
Note: It is a system-generated summary and is for quick reference only.