Risk-based postal import clearance standardises electronic assessment, document requests, duty realisation and delivery controls at Foreign Post Offic...
Customs Cargo Service Provider appointment extends custodianship to additional terminal land, subject to cargo-control, security and licence condition...
Post-search scrutiny assessment remains available where original assessment limitation is unexpired, permitting timely completion under regular assess...
HC ruled that the period from 13th March 2018 to 26th November 2019 shall be excluded in computing the limitation period for suit filing under Section 14 of Limitation Act, 1963. The court found the IBC proceedings were bona fide, noting operational creditors routinely file such proceedings due to corporate debtor's potential inability to satisfy debts. The defendant could not challenge the plaintiff's good faith in initiating IBC proceedings, and no assertion was made that such proceedings could not be maintained. The exclusion of this time period was consequently permitted, effectively extending the limitation timeline for the suit's filing.
HC ruled that the period from 13th March 2018 to 26th November 2019 shall be excluded in computing the limitation period for suit filing under Section 14 of Limitation Act, 1963. The court found the IBC proceedings were bona fide, noting operational creditors routinely file such proceedings due to corporate debtor's potential inability to satisfy debts. The defendant could not challenge the plaintiff's good faith in initiating IBC proceedings, and no assertion was made that such proceedings could not be maintained. The exclusion of this time period was consequently permitted, effectively extending the limitation timeline for the suit's filing.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
