Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
SC adjudicated a dispute concerning the executability of an arbitral award post-corporate insolvency resolution plan. The Court held that upon NCLT's approval of the resolution plan, the respondent's claim stood extinguished, rendering the Facilitation Council's arbitral award dated 06.07.2018 non-executable. The Court rejected the HC's interpretation that the Facilitation Council retained jurisdiction to pronounce the award after the resolution plan's approval. Consequently, the SC allowed the appeal, declaring the award void and unenforceable, emphasizing that claims outside the resolution plan cannot be pursued post-NCLT approval.
SC adjudicated a dispute concerning the executability of an arbitral award post-corporate insolvency resolution plan. The Court held that upon NCLT's approval of the resolution plan, the respondent's claim stood extinguished, rendering the Facilitation Council's arbitral award dated 06.07.2018 non-executable. The Court rejected the HC's interpretation that the Facilitation Council retained jurisdiction to pronounce the award after the resolution plan's approval. Consequently, the SC allowed the appeal, declaring the award void and unenforceable, emphasizing that claims outside the resolution plan cannot be pursued post-NCLT approval.
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