Arrest safeguards and transit remand requirements invalidated detention following inter-State transfer without communicated grounds or magistrate auth...
Arrest safeguards require disclosed grounds, relative intimation and transit remand, while duplicate prosecution under the CGST framework is unsustain...
Document Identification Number defects can invalidate GST assessments, with delayed challenges entertained conditionally where patent irregularities e...
Windmill commissioning evidence supported higher depreciation where grid connection and electricity generation proved operational use before the relev...
Pharmaceutical promotion and transfer-pricing comparability principles limited disallowances, while uncorroborated search allegations and unsupported ...
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The Committee of Creditors (CoC) resolved to liquidate the Corporate Debtor u/s 33 of the Insolvency and Bankruptcy Code, 2016 by a majority of 90.16% voting in favor, considering the bleak chances of insolvency resolution amid ongoing investigations and attachment of assets by the Directorate of Enforcement under the PMLA, 2002. The CoC appointed Mr. Santanu T. Ray as the Liquidator with his written consent. The Supreme Court in K. Sashidhar v. Indian Overseas Bank held that the CoC's decisions based on commercial wisdom are non-justiciable. The Tribunal has limited powers of judicial review in such matters and allowed the application, opining that the Corporate Debtor should be liquidated as per the Code.
The Committee of Creditors (CoC) resolved to liquidate the Corporate Debtor u/s 33 of the Insolvency and Bankruptcy Code, 2016 by a majority of 90.16% voting in favor, considering the bleak chances of insolvency resolution amid ongoing investigations and attachment of assets by the Directorate of Enforcement under the PMLA, 2002. The CoC appointed Mr. Santanu T. Ray as the Liquidator with his written consent. The Supreme Court in K. Sashidhar v. Indian Overseas Bank held that the CoC's decisions based on commercial wisdom are non-justiciable. The Tribunal has limited powers of judicial review in such matters and allowed the application, opining that the Corporate Debtor should be liquidated as per the Code.
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