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...
HC held that once a resolution plan is approved under IBC Section 31, all claims are frozen and binding on stakeholders. The claims by operational creditors were addressed in the amended resolution plan, effectively creating a clean slate for the corporate debtor. Applying CPC Order XII Rule 6, the court found unambiguous admissions warranting immediate judgment. The suit was decreed, ordering the defendant to pay Rs. 19,55,00,000 with 24% per annum interest, based on the principle of speedy resolution and extinguishment of pre-resolution claims.
HC held that once a resolution plan is approved under IBC Section 31, all claims are frozen and binding on stakeholders. The claims by operational creditors were addressed in the amended resolution plan, effectively creating a clean slate for the corporate debtor. Applying CPC Order XII Rule 6, the court found unambiguous admissions warranting immediate judgment. The suit was decreed, ordering the defendant to pay Rs. 19,55,00,000 with 24% per annum interest, based on the principle of speedy resolution and extinguishment of pre-resolution claims.
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