Form 26AS evidence requires successor-entity accounting verification after business transfer, while invoice-supported related-party advertising expend...
Money-laundering judgment timing requires awaiting the scheduled-offence decision despite continuation of the underlying trial where outcomes directly...
Accredited investor eligibility expands through securities-market exposure, while alternative investment fund disputes require prescribed resolution a...
Customs Assessment Portal centralises classification and valuation guidance to support consistent, transparent and informed compliance across stakehol...
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NCLAT dismissed the appeal by the Resolution Professional (RP), holding the RP's appeal was maintainable given adverse observations by the Adjudicating Authority (AA) that impugned the RP's exercise of powers. The Tribunal held the RP is statutorily obliged under CIRP Regulations (Reg.13) to verify all claims as at the insolvency commencement date and that verification is a ministerial/statutory function, not adjudication. The AA's adverse findings that verification constituted excess or abuse of power were ordered deleted, including directions to forward the order to IBBI. However, the AA's direction to the RP to reconsider and decide on the anonymized respondent's claim was sustained; the RP must re-examine and determine the claim. Appeal dismissed.
NCLAT dismissed the appeal by the Resolution Professional (RP), holding the RP's appeal was maintainable given adverse observations by the Adjudicating Authority (AA) that impugned the RP's exercise of powers. The Tribunal held the RP is statutorily obliged under CIRP Regulations (Reg.13) to verify all claims as at the insolvency commencement date and that verification is a ministerial/statutory function, not adjudication. The AA's adverse findings that verification constituted excess or abuse of power were ordered deleted, including directions to forward the order to IBBI. However, the AA's direction to the RP to reconsider and decide on the anonymized respondent's claim was sustained; the RP must re-examine and determine the claim. Appeal dismissed.
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