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 applicant's application for condonation of 125 days' delay in refiling the appeal, holding that the applicant failed to demonstrate sufficient cause. The tribunal found the asserted registry errors and purported confusion over a power of attorney unsubstantiated, concluding the repeated refilings evidenced gross negligence and lack of diligence rather than unavoidable circumstances. Routine corrections (POA substitution, renumbering, bookmarks) were deemed not time-consuming, and litigant negligence cannot be excused to thwart procedural compliance. Given the statutory time-bound object of the IBC and the need for finality, the balance of convenience and equity did not favour the applicant, and the condonation petition was rejected.
NCLAT dismissed the applicant's application for condonation of 125 days' delay in refiling the appeal, holding that the applicant failed to demonstrate sufficient cause. The tribunal found the asserted registry errors and purported confusion over a power of attorney unsubstantiated, concluding the repeated refilings evidenced gross negligence and lack of diligence rather than unavoidable circumstances. Routine corrections (POA substitution, renumbering, bookmarks) were deemed not time-consuming, and litigant negligence cannot be excused to thwart procedural compliance. Given the statutory time-bound object of the IBC and the need for finality, the balance of convenience and equity did not favour the applicant, and the condonation petition was rejected.
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