Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
HC dismissed the writ petition as non-maintainable due to availability of alternative statutory remedy under the Insolvency and Bankruptcy Code, 2016. The petitioners failed to utilize the specific mechanism under Section 42 for appealing the Liquidator's order within the prescribed 14-day limitation period. The Court emphasized that IBC is a comprehensive legislative framework with a structured three-tier remedial mechanism, and bypassing this statutory process constitutes misuse of legal proceedings. The petition was rejected, reinforcing the principle of exhausting statutory remedies before invoking extraordinary writ jurisdiction.
HC dismissed the writ petition as non-maintainable due to availability of alternative statutory remedy under the Insolvency and Bankruptcy Code, 2016. The petitioners failed to utilize the specific mechanism under Section 42 for appealing the Liquidator's order within the prescribed 14-day limitation period. The Court emphasized that IBC is a comprehensive legislative framework with a structured three-tier remedial mechanism, and bypassing this statutory process constitutes misuse of legal proceedings. The petition was rejected, reinforcing the principle of exhausting statutory remedies before invoking extraordinary writ jurisdiction.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
