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...
NCLAT dismissed the appeal challenging the auction notice and denied stay of the impugned order. The Tribunal found no procedural flaws in the liquidation process, noting that appellant's Section 230 scheme was filed with a 224-day delay after the Stakeholders Committee had already rejected it. The liquidator properly conducted valuation according to IBC provisions and regulations, and the auction had attained finality with sale certificate issuance on 17.07.2023. The Tribunal affirmed that completed auction proceedings with issued sale certificates cannot be revisited based on belated procedural challenges, particularly when the appellant failed to establish any procedural irregularities in the auction process.
NCLAT dismissed the appeal challenging the auction notice and denied stay of the impugned order. The Tribunal found no procedural flaws in the liquidation process, noting that appellant's Section 230 scheme was filed with a 224-day delay after the Stakeholders Committee had already rejected it. The liquidator properly conducted valuation according to IBC provisions and regulations, and the auction had attained finality with sale certificate issuance on 17.07.2023. The Tribunal affirmed that completed auction proceedings with issued sale certificates cannot be revisited based on belated procedural challenges, particularly when the appellant failed to establish any procedural irregularities in the auction process.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
