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 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.
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