Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
Pre-enactment land-sale agreements escape stamp-duty value substitution where substantial banking-channel consideration was received before Section 43...
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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