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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NCLAT dismissed the appeal challenging interim orders regarding trustee replacement and management powers. The Tribunal acknowledged severe family hostilities and non-compliance with previous orders by both parties. The contested interim order was upheld as it maintained corporate stability by preserving the legally constituted board, protected banking relationships, safeguarded company assets, and retained appellant's directorship. The order, issued u/s 242(4) of the Act, effectively prevented unauthorized takeover while protecting interests of 2500 employees and operational continuity. NCLAT found the NCLT's interim measures appropriate for regulating company conduct pending final hearing of Section 241-242 petition, maintaining status quo ante regarding management and shareholding structure.
NCLAT dismissed the appeal challenging interim orders regarding trustee replacement and management powers. The Tribunal acknowledged severe family hostilities and non-compliance with previous orders by both parties. The contested interim order was upheld as it maintained corporate stability by preserving the legally constituted board, protected banking relationships, safeguarded company assets, and retained appellant's directorship. The order, issued u/s 242(4) of the Act, effectively prevented unauthorized takeover while protecting interests of 2500 employees and operational continuity. NCLAT found the NCLT's interim measures appropriate for regulating company conduct pending final hearing of Section 241-242 petition, maintaining status quo ante regarding management and shareholding structure.
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