Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
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...
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NCLAT dismissed the appeal and upheld the impugned order approving the resolution plan. The Tribunal held that Clause 13.1.2 of the approved plan unambiguously provides that all employee dues, including gratuity, are payable from the Rs.6,30,10,916 allotted for employees; gratuity is not payable in addition to that sum. Separately, Rs.10,51,00,841 related solely to provident/pension/gratuity funds was admitted and paid. The RP's communication confirming gratuity liability of Rs.2,86,32,757 fell within the employee payout and its pro rata distribution conformed with the plan. No contravention of Section 30(2) or IBC compliance was found; appeal dismissed.
NCLAT dismissed the appeal and upheld the impugned order approving the resolution plan. The Tribunal held that Clause 13.1.2 of the approved plan unambiguously provides that all employee dues, including gratuity, are payable from the Rs.6,30,10,916 allotted for employees; gratuity is not payable in addition to that sum. Separately, Rs.10,51,00,841 related solely to provident/pension/gratuity funds was admitted and paid. The RP's communication confirming gratuity liability of Rs.2,86,32,757 fell within the employee payout and its pro rata distribution conformed with the plan. No contravention of Section 30(2) or IBC compliance was found; appeal dismissed.
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