Revenue neutrality in domestic related-party loans can require deletion of interest transfer pricing adjustments after domestic-transaction verificati...
The SC dismissed the appeal challenging the exclusion of commercial spaces from the Corporate Debtor's assets and the approval of the Resolution Plan under the IBC. The Court found no sufficient grounds to interfere with the Adjudicating Authority's order despite dissenting Financial Creditors' claims under Section 30(2)(b). The NCLAT's observation allowing the appellant to file a separate application for rent claims arising post-CIRP commencement, potentially recoverable as CIRP costs, was noted but did not affect the final decision. Consequently, the impugned judgment approving the Resolution Plan was upheld in its entirety.
The SC dismissed the appeal challenging the exclusion of commercial spaces from the Corporate Debtor's assets and the approval of the Resolution Plan under the IBC. The Court found no sufficient grounds to interfere with the Adjudicating Authority's order despite dissenting Financial Creditors' claims under Section 30(2)(b). The NCLAT's observation allowing the appellant to file a separate application for rent claims arising post-CIRP commencement, potentially recoverable as CIRP costs, was noted but did not affect the final decision. Consequently, the impugned judgment approving the Resolution Plan was upheld in its entirety.
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