Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
Non-compliance with submission of Performance Bank Guarantee by the Appellant as per the Request for Resolution Plan's clause obliging the Resolution Applicant to furnish the guarantee after approval of the Resolution Plan. The Committee of Creditors objected to the Appellant's non-compliance and did not oppose applications from other parties to submit Resolution Plans. The Adjudicating Authority rejected the Appellant's application for approval of the Resolution Plan due to non-submission of the Performance Bank Guarantee despite reminders. The Appellate Tribunal upheld the Adjudicating Authority's order, considering the Appellant's non-compliance and granted the Appellant two weeks to submit a fresh Resolution Plan to be considered along with other plans received during the Corporate Insolvency Resolution Process.
Non-compliance with submission of Performance Bank Guarantee by the Appellant as per the Request for Resolution Plan's clause obliging the Resolution Applicant to furnish the guarantee after approval of the Resolution Plan. The Committee of Creditors objected to the Appellant's non-compliance and did not oppose applications from other parties to submit Resolution Plans. The Adjudicating Authority rejected the Appellant's application for approval of the Resolution Plan due to non-submission of the Performance Bank Guarantee despite reminders. The Appellate Tribunal upheld the Adjudicating Authority's order, considering the Appellant's non-compliance and granted the Appellant two weeks to submit a fresh Resolution Plan to be considered along with other plans received during the Corporate Insolvency Resolution Process.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
