Inherited property sale proceeds require capital-gains treatment where ownership is supported by evidence, not suspicion or unverified signature doubt...
Cross-examination of retracted statements is essential where foundational evidence supports a benami allegation and documented funding explanations re...
Capital-goods exemption covers plant-modernisation accessories, while the import restriction applies only to earlier capital-goods components and spar...
Constitutional judicial review permits challenges to ECIRs and connected money-laundering proceedings where coercive action affects fundamental intere...
The NCLAT examined a challenge to a resolution plan under the Insolvency and Bankruptcy Code. The Tribunal held that the applicant, as an unsuccessful resolution applicant, lacks locus standi to challenge the plan, except on specific eligibility grounds. The CoC's commercial wisdom in selecting a resolution plan was deemed non-justiciable. The Tribunal found no violation of natural justice, confirmed Respondent No. 3's eligibility under Section 29A, and determined that a related party connection was not established. The revised financial bid submitted post-timeline was rejected. Consequently, the Tribunal dismissed the appeal, upholding the original resolution plan's approval.
The NCLAT examined a challenge to a resolution plan under the Insolvency and Bankruptcy Code. The Tribunal held that the applicant, as an unsuccessful resolution applicant, lacks locus standi to challenge the plan, except on specific eligibility grounds. The CoC's commercial wisdom in selecting a resolution plan was deemed non-justiciable. The Tribunal found no violation of natural justice, confirmed Respondent No. 3's eligibility under Section 29A, and determined that a related party connection was not established. The revised financial bid submitted post-timeline was rejected. Consequently, the Tribunal dismissed the appeal, upholding the original resolution plan's approval.
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