Charitable trust income application permits verified capital expenditure but rejects deferred pre-operative claims and requires reconsideration of con...
Reinsurance premium deductions require established regulatory breaches, while independently acquired software qualifies within the computer depreciati...
Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
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The Appellate Tribunal allowed the appeal, setting aside the order of admission against the Corporate Debtor due to the settlement reached and payment received by the creditor. The Insolvency Resolution Professional (IRP) worked for a brief period before the Committee of Creditors' (CoC) constitution was stayed. The IRP can claim CIRP costs by filing an application before the Adjudicating Authority. The Financial Creditor shall file the prescribed form along with a bank guarantee to the IRP, who will then submit it to the Adjudicating Authority for withdrawal of the petition. The other creditor's petition can be revived to pursue claims against the Corporate Debtor.
The Appellate Tribunal allowed the appeal, setting aside the order of admission against the Corporate Debtor due to the settlement reached and payment received by the creditor. The Insolvency Resolution Professional (IRP) worked for a brief period before the Committee of Creditors' (CoC) constitution was stayed. The IRP can claim CIRP costs by filing an application before the Adjudicating Authority. The Financial Creditor shall file the prescribed form along with a bank guarantee to the IRP, who will then submit it to the Adjudicating Authority for withdrawal of the petition. The other creditor's petition can be revived to pursue claims against the Corporate Debtor.
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