Form 26AS evidence requires successor-entity accounting verification after business transfer, while invoice-supported related-party advertising expend...
Money-laundering judgment timing requires awaiting the scheduled-offence decision despite continuation of the underlying trial where outcomes directly...
Accredited investor eligibility expands through securities-market exposure, while alternative investment fund disputes require prescribed resolution a...
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NCLAT upheld the moratorium provisions under IBC, finding that payments made by the appellant after CIRP commencement were unauthorized. The tribunal conclusively ruled that the suspended management cannot unilaterally deploy corporate funds without IRP authorization, even if claiming ordinary business operations. The court determined that Rs. 11.01 Cr transferred through nine RTGS and three cheque payments breached statutory moratorium. Consequently, the appellant and respondents were held jointly and severally liable to refund the unauthorized transactions, with the appeal being summarily dismissed.
NCLAT upheld the moratorium provisions under IBC, finding that payments made by the appellant after CIRP commencement were unauthorized. The tribunal conclusively ruled that the suspended management cannot unilaterally deploy corporate funds without IRP authorization, even if claiming ordinary business operations. The court determined that Rs. 11.01 Cr transferred through nine RTGS and three cheque payments breached statutory moratorium. Consequently, the appellant and respondents were held jointly and severally liable to refund the unauthorized transactions, with the appeal being summarily dismissed.
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