Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
Customs valuation and classification require comparable evidence and assessment of imported goods in their actual condition, invalidating related pena...
The NCLAT dismissed the application seeking to confine the corporate insolvency resolution process (CIRP) to only the 'Spaze Arrow' project of the corporate debtor. The tribunal observed that claims had been filed by allottees of various projects, including 'Spaze Arrow' and 'Corporate Park'. Confining the CIRP to a single project would exclude claims from other projects. The tribunal noted that the CIRP against the corporate debtor for the 'Corporate Park' project had commenced after obtaining the occupancy and completion certificates, but the proceedings were later set aside due to a settlement. Considering the facts and circumstances, the NCLAT declined to pass an order limiting the CIRP to only the 'Spaze Arrow' project as requested by the applicant.
The NCLAT dismissed the application seeking to confine the corporate insolvency resolution process (CIRP) to only the 'Spaze Arrow' project of the corporate debtor. The tribunal observed that claims had been filed by allottees of various projects, including 'Spaze Arrow' and 'Corporate Park'. Confining the CIRP to a single project would exclude claims from other projects. The tribunal noted that the CIRP against the corporate debtor for the 'Corporate Park' project had commenced after obtaining the occupancy and completion certificates, but the proceedings were later set aside due to a settlement. Considering the facts and circumstances, the NCLAT declined to pass an order limiting the CIRP to only the 'Spaze Arrow' project as requested by the applicant.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4798
Join Channel
TaxTMI 
