Invoice-based recovery claims remain time-barred despite separate winding-up proceedings, absent valid acknowledgment or part-payment of the disputed ...
Extended limitation fails without specific suppression allegations, while overseas employee secondment remains taxable as manpower supply within norma...
Time-share accommodation classification excludes Club or Association Service where purchasers receive contractual occupancy rights without genuine mem...
CENVAT credit for trading requires reversal, while taxable-service rental credit remains proportionately available and limitation issues await resolut...
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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.
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