PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
NCLAT affirmed the resolution plan's approval, rejecting appellant's objections regarding financial creditors' claims and resolution professional's (RP) conduct. The tribunal held that: (1) the two financial creditors had settled inter se claim disputes without manipulation, (2) RP adequately addressed land lease concerns from government, (3) valuation reports were confidentially maintained per regulations, and (4) the resolution plan received 100% vote share in the 9th Committee of Creditors meeting. The court emphasized the limited judicial review scope under IBC, prioritizing CoC's commercial wisdom when statutory compliance is demonstrated. Consequently, the appeal was dismissed, validating the resolution plan's approval.
NCLAT affirmed the resolution plan's approval, rejecting appellant's objections regarding financial creditors' claims and resolution professional's (RP) conduct. The tribunal held that: (1) the two financial creditors had settled inter se claim disputes without manipulation, (2) RP adequately addressed land lease concerns from government, (3) valuation reports were confidentially maintained per regulations, and (4) the resolution plan received 100% vote share in the 9th Committee of Creditors meeting. The court emphasized the limited judicial review scope under IBC, prioritizing CoC's commercial wisdom when statutory compliance is demonstrated. Consequently, the appeal was dismissed, validating the resolution plan's approval.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
