Request-driven road restoration attracts reverse-charge GST, not governmental-function treatment or compensatory-damages status for business recipient...
Road restoration charges for commercial pipeline works are taxable Government services, with reverse charge liability and no public-function exemption...
Model-wise import cap monitoring cannot justify withholding used multifunction machines where all-India tracking is absent and full security is furnis...
NCLAT dismissed the appeal challenging the dismissal of a Section 9 insolvency petition. The Appellate Tribunal held that unilaterally generated invoices with interest claims cannot override the original supply agreement's terms without mutual consent. The tribunal emphasized that the Insolvency and Bankruptcy Code (IBC) is not a debt recovery mechanism and should not push corporate debtors towards liquidation. The court found no legally enforceable unpaid operational debt to trigger Corporate Insolvency Resolution Process (CIRP), thereby upholding the Adjudicating Authority's original order and rejecting the operational creditor's claim based solely on contested interest components.
NCLAT dismissed the appeal challenging the dismissal of a Section 9 insolvency petition. The Appellate Tribunal held that unilaterally generated invoices with interest claims cannot override the original supply agreement's terms without mutual consent. The tribunal emphasized that the Insolvency and Bankruptcy Code (IBC) is not a debt recovery mechanism and should not push corporate debtors towards liquidation. The court found no legally enforceable unpaid operational debt to trigger Corporate Insolvency Resolution Process (CIRP), thereby upholding the Adjudicating Authority's original order and rejecting the operational creditor's claim based solely on contested interest components.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4916 
