Request-driven road restoration attracts reverse-charge GST, not governmental-function treatment or compensatory-damages status for business recipient...
Road restoration charges for commercial pipeline works are taxable Government services, with reverse charge liability and no public-function exemption...
Model-wise import cap monitoring cannot justify withholding used multifunction machines where all-India tracking is absent and full security is furnis...
The NCLAT held that the Supreme Court's clarification in M/S. TULIP STAR HOTELS LIMITED & ANR. VERSUS MR. ANISH NIRANJAN NANAVATY & ANR. stated that reworking/verification of claims would not impact the Resolution Plan or its implementation. The re-verification of Pegasus's claim by the Resolution Professional (RP) at 14.85%, upon Pegasus's request, was valid, and the Adjudicating Authority correctly approved it. The Appellant, a shareholder and promoter, was not proposed any amount in the Resolution Plan. The NCLAT found no error in the Adjudicating Authority's approval of the Resolution Plan in accordance with the statutory scheme and dismissed the appeal.
The NCLAT held that the Supreme Court's clarification in M/S. TULIP STAR HOTELS LIMITED & ANR. VERSUS MR. ANISH NIRANJAN NANAVATY & ANR. stated that reworking/verification of claims would not impact the Resolution Plan or its implementation. The re-verification of Pegasus's claim by the Resolution Professional (RP) at 14.85%, upon Pegasus's request, was valid, and the Adjudicating Authority correctly approved it. The Appellant, a shareholder and promoter, was not proposed any amount in the Resolution Plan. The NCLAT found no error in the Adjudicating Authority's approval of the Resolution Plan in accordance with the statutory scheme and dismissed the appeal.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
