Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
NCLAT allowed homebuyer's appeal challenging exclusion from resolution plan. Despite late claim filing and CoC's prior plan approval, the Tribunal directed resolution professional to submit homebuyer's details reflected in corporate debtor's records to resolution applicant. The applicant must prepare an addendum to resolution plan for CoC's consideration, recognizing undisputed claims substantiated in information memorandum. The decision emphasizes equitable treatment of homebuyers' claims, particularly for non-commercial entities, while maintaining the integrity of insolvency resolution process. Application disposed with directions for potential plan modification.
NCLAT allowed homebuyer's appeal challenging exclusion from resolution plan. Despite late claim filing and CoC's prior plan approval, the Tribunal directed resolution professional to submit homebuyer's details reflected in corporate debtor's records to resolution applicant. The applicant must prepare an addendum to resolution plan for CoC's consideration, recognizing undisputed claims substantiated in information memorandum. The decision emphasizes equitable treatment of homebuyers' claims, particularly for non-commercial entities, while maintaining the integrity of insolvency resolution process. Application disposed with directions for potential plan modification.
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