Patent-settlement expenditure treated as commercially expedient revenue outlay, with foreign-law restrictions inapplicable before the prospective amen...
International transaction benchmarking restricts transfer pricing adjustments to associated-enterprise dealings, while functional comparability govern...
Joint development agreements defer taxable transfer where possession lacks part performance, while completed flats determine consideration and exempti...
Passenger baggage re-export requires true declaration and cannot be granted indirectly through discretionary redemption of undeclared prohibited goods...
The High Court held that the order passed by NCLT approving the Resolution Plan u/s 31(1) of the Insolvency and Bankruptcy Code, 2016 is an appealable order u/s 61, with a limitation period of 30 days + 15 days to file an appeal before NCLAT. As the respondents failed to challenge the NCLT order within the prescribed time, they cannot take a stand contrary to the approved Resolution Plan. Consequently, the writ petition was allowed.
The High Court held that the order passed by NCLT approving the Resolution Plan u/s 31(1) of the Insolvency and Bankruptcy Code, 2016 is an appealable order u/s 61, with a limitation period of 30 days + 15 days to file an appeal before NCLAT. As the respondents failed to challenge the NCLT order within the prescribed time, they cannot take a stand contrary to the approved Resolution Plan. Consequently, the writ petition was allowed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4800
Join Channel
TaxTMI 
