Transfer pricing comparables and operating income principles applied to software development services, with exclusions, inclusions, and tax credit ver...
Transfer pricing on performance guarantees and overdue receivables deleted where warranty obligations were embedded and working capital adjustment alr...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4824 
Join Channel 
