Contractual tolerance requires consideration; breach recoveries, qualifying public infrastructure services and road works escape service tax liability...
Personal hearing requirements in GST adjudication were satisfied by prior opportunities and written submissions; appellate limitation received writ-pe...
NCLAT affirmed the lower tribunal's order regarding unauthorized withdrawal of Rs. 32 lakhs from corporate debtor's account during moratorium period under Section 14 of IBC. The appellants demonstrated persistent non-cooperation and brazen disobedience of prior orders. The tribunal held that the withdrawal violated IBC provisions, rendering the suspended directors liable to deposit the entire amount with 12% per annum interest into the liquidation estate. The appeal was summarily dismissed as lacking substantive legal merit, with the order becoming final due to non-challenge of previous judicial determinations.
NCLAT affirmed the lower tribunal's order regarding unauthorized withdrawal of Rs. 32 lakhs from corporate debtor's account during moratorium period under Section 14 of IBC. The appellants demonstrated persistent non-cooperation and brazen disobedience of prior orders. The tribunal held that the withdrawal violated IBC provisions, rendering the suspended directors liable to deposit the entire amount with 12% per annum interest into the liquidation estate. The appeal was summarily dismissed as lacking substantive legal merit, with the order becoming final due to non-challenge of previous judicial determinations.
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