Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
Risk-based postal import clearance standardises electronic assessment, document requests, duty realisation and delivery controls at Foreign Post Offic...
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The NCLAT upheld the Adjudicating Authority's finding that the Resolution Plan submitted by the appellant, approved by the CoC with an 80.13% vote share, did not violate Section 30(2) of the IBC. However, the Adjudicating Authority identified non-compliance with the CIRP Regulations, 2016 by the Resolution Professional and issued remedial directions, including a fresh valuation. The Tribunal modified interim orders to permit the Resolution Professional to conduct transaction audits and valuations. The appellant, as a successful resolution applicant, remains entitled to submit a resolution plan upon the CoC's issuance of a fresh Request for Resolution Plan. The appeal was disposed of accordingly, affirming the appellant's right to participate in the CIRP process while ensuring regulatory compliance through remedial measures.
The NCLAT upheld the Adjudicating Authority's finding that the Resolution Plan submitted by the appellant, approved by the CoC with an 80.13% vote share, did not violate Section 30(2) of the IBC. However, the Adjudicating Authority identified non-compliance with the CIRP Regulations, 2016 by the Resolution Professional and issued remedial directions, including a fresh valuation. The Tribunal modified interim orders to permit the Resolution Professional to conduct transaction audits and valuations. The appellant, as a successful resolution applicant, remains entitled to submit a resolution plan upon the CoC's issuance of a fresh Request for Resolution Plan. The appeal was disposed of accordingly, affirming the appellant's right to participate in the CIRP process while ensuring regulatory compliance through remedial measures.
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