Transfer-pricing aggregation of distinct support-service and subcontract transactions was rejected, while debt-free receivables attracted no notional ...
Customs exemptions cover photovoltaic assembly machinery and PVF backsheets, while fully declared cleared imports may avoid confiscation and penalties...
Specific tariff classification for LCD devices overrides treatment as electricity-meter parts, defeating differential duty, extended limitation, and p...
Stayed disciplinary punishment does not establish unfitness for insolvency professional registration; reconsideration must disregard mere pendency of ...
Indirect corporate control can create related-party status, excluding financial creditors from Committee of Creditors representation, participation an...
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NCLAT dismissed an application seeking condonation of 115-day delay in refiling a company appeal. The appellant's explanations regarding inability to physically inspect records due to geographical location and delays in obtaining certified copies were deemed insufficient. The tribunal noted that the certified copy was obtained on the same day of application (09.12.2024), contradicting claims of procedural delays. Given IBC's emphasis on timely resolution and the one-year timeline for liquidation processes, the tribunal found the appellant's approach nonchalant and the reasons for delay perfunctory. The delay was deemed detrimental to the liquidation process's integrity, resulting in rejection of the condonation application and subsequent dismissal of the appeal.
NCLAT dismissed an application seeking condonation of 115-day delay in refiling a company appeal. The appellant's explanations regarding inability to physically inspect records due to geographical location and delays in obtaining certified copies were deemed insufficient. The tribunal noted that the certified copy was obtained on the same day of application (09.12.2024), contradicting claims of procedural delays. Given IBC's emphasis on timely resolution and the one-year timeline for liquidation processes, the tribunal found the appellant's approach nonchalant and the reasons for delay perfunctory. The delay was deemed detrimental to the liquidation process's integrity, resulting in rejection of the condonation application and subsequent dismissal of the appeal.
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