Administrative fraud classification suspension does not halt independent criminal investigation or warrant-based searches into alleged economic offenc...
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...
This circular mandates the use of a centralized electronic listing and auction platform, eBKray, for the sale of assets under the liquidation process. Key points are: Liquidators must list all unsold assets on eBKray, providing comprehensive details like photographs, videos, and coordinates. For ongoing cases, assets must be listed within 7 days of submitting the asset memorandum. Liquidators may use eBKray for auctions in all ongoing cases from the circular's effective date of November 1, 2024. The platform aims to enhance transparency, increase bidder participation, streamline operations, and maximize creditor returns through advanced technology. Initially deployed as a pilot, it will be improved based on usage experience before full-fledged rollout. The circular is issued u/s 196 of the Insolvency and Bankruptcy Code.
This circular mandates the use of a centralized electronic listing and auction platform, eBKray, for the sale of assets under the liquidation process. Key points are: Liquidators must list all unsold assets on eBKray, providing comprehensive details like photographs, videos, and coordinates. For ongoing cases, assets must be listed within 7 days of submitting the asset memorandum. Liquidators may use eBKray for auctions in all ongoing cases from the circular's effective date of November 1, 2024. The platform aims to enhance transparency, increase bidder participation, streamline operations, and maximize creditor returns through advanced technology. Initially deployed as a pilot, it will be improved based on usage experience before full-fledged rollout. The circular is issued u/s 196 of the Insolvency and Bankruptcy Code.
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