Alternative statutory remedy and unexplained delay barred writ review of customs confiscation adjudication, leaving merits for appellate consideration...
Authorised courier due diligence protects against penalties where declared exports conceal prohibited goods despite proper documentation and customs p...
Customs-controlled container movement now extends to DP World facilities, subject to segregation, inspections, reconciliation, and EXIM cargo priority...
NCLAT dismissed the appeal regarding liquidator's fees. The tribunal found no entitlement to fees under Regulation 4(3) of IBBI (Liquidation Process) Regulations, 2016, as sales realization of Rs. 78.47 crores was significantly less than liquidation costs of Rs. 132 crores. The liquidator's claim for Rs. 188,02,261/- was deemed not tenable, with no remaining realization for fee computation. The alternative request for reasonable compensation based on CIRP fees was also rejected. The appeal was conclusively dismissed with no fees payable to the liquidator.
NCLAT dismissed the appeal regarding liquidator's fees. The tribunal found no entitlement to fees under Regulation 4(3) of IBBI (Liquidation Process) Regulations, 2016, as sales realization of Rs. 78.47 crores was significantly less than liquidation costs of Rs. 132 crores. The liquidator's claim for Rs. 188,02,261/- was deemed not tenable, with no remaining realization for fee computation. The alternative request for reasonable compensation based on CIRP fees was also rejected. The appeal was conclusively dismissed with no fees payable to the liquidator.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
