Electronic WhatsApp evidence without authentication or independent corroboration cannot sustain an unexplained-investment addition based on third-part...
Mutual current-account transactions excluded from deemed dividend treatment where no fresh borrowing arose; unsupported unsecured-loan addition also f...
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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