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Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
Origin Declaration authentication governs preferential tariff claims under India-UK CETA, requiring a validated reference number before import clearan...
Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
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Capital reduction is distinct from share buy-back, preventing buy-back tax; restructuring interest and related business deductions also survive scruti...
HC analyzed the extinguishment of electricity consumption claims not included in the Corporate Insolvency Resolution Plan (CIRP). The court held that debts not submitted or incorporated in the resolution plan before the effective date stand extinguished. The resolution plan's sanctity is paramount, and subsequent claims cannot be entertained. The court affirmed the first respondent's locus standi to challenge demand notices against group companies. The CIRP resolution plan remains valid and binding unless set aside by a competent authority. The appeal was partly allowed, emphasizing the strict interpretation of the Insolvency and Bankruptcy Code's provisions regarding debt resolution and claim settlement.
HC analyzed the extinguishment of electricity consumption claims not included in the Corporate Insolvency Resolution Plan (CIRP). The court held that debts not submitted or incorporated in the resolution plan before the effective date stand extinguished. The resolution plan's sanctity is paramount, and subsequent claims cannot be entertained. The court affirmed the first respondent's locus standi to challenge demand notices against group companies. The CIRP resolution plan remains valid and binding unless set aside by a competent authority. The appeal was partly allowed, emphasizing the strict interpretation of the Insolvency and Bankruptcy Code's provisions regarding debt resolution and claim settlement.
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