Separate business unit compliance for non-SEBI-regulated debenture trustee activities receives an extended implementation timeline amid regulatory rev...
Input Service Distributor credit rules assign eligibility, reversals and refund treatment to recipients while excluding transfer invoices from turnove...
Related-party creditor exclusion bars CoC participation where lender rights show policy-making involvement, and post-CIRP assignment cannot cure ineli...
This case pertains to a writ petition filed challenging an order dated 30.04.2024, wherein the petitioner has also filed an appeal before the Appellate Authority against the same order. The High Court held that since the petitioner has an alternative statutory remedy of appeal, the writ petition cannot be entertained. However, considering the initiation of recovery proceedings pursuant to the impugned order, the Court directed the respondent to defer the recovery proceedings until the disposal of the appeal filed by the petitioner dated 28.08.2024. The writ petition was disposed of accordingly, with the Court granting interim relief by staying the recovery proceedings pending the appeal.
This case pertains to a writ petition filed challenging an order dated 30.04.2024, wherein the petitioner has also filed an appeal before the Appellate Authority against the same order. The High Court held that since the petitioner has an alternative statutory remedy of appeal, the writ petition cannot be entertained. However, considering the initiation of recovery proceedings pursuant to the impugned order, the Court directed the respondent to defer the recovery proceedings until the disposal of the appeal filed by the petitioner dated 28.08.2024. The writ petition was disposed of accordingly, with the Court granting interim relief by staying the recovery proceedings pending the appeal.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
