Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Corporate debtor defaulted in repaying financial debt owed to financial creditor. NCLAT dismissed appeal, upholding orders of adjudicating authority. Transaction qualified as financial debt under IBC. Corporate debtor's audited financial statements from 2012-2017 acknowledged debt. Default established as per Supreme Court's interpretation of acknowledgment of debt under Limitation Act for IBC proceedings. No infirmity found in adjudicating authority's orders allowing insolvency petition against corporate debtor for default.
Corporate debtor defaulted in repaying financial debt owed to financial creditor. NCLAT dismissed appeal, upholding orders of adjudicating authority. Transaction qualified as financial debt under IBC. Corporate debtor's audited financial statements from 2012-2017 acknowledged debt. Default established as per Supreme Court's interpretation of acknowledgment of debt under Limitation Act for IBC proceedings. No infirmity found in adjudicating authority's orders allowing insolvency petition against corporate debtor for default.
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