Service of notice and contractual debt acknowledgment preserved insolvency admission against a corporate guarantor despite limitation and natural just...
Original works exemption excludes standalone boulder transportation, leaving subcontracted railway-project transport services subject to service tax l...
Annual production capacity determinations excluding stenter galleries support refunds for unconstitutional excise levies without an unjust-enrichment ...
Vicarious liability for cheque dishonour requires specific allegations of responsibility and cheque signatory; generic director allegations cannot sus...
IT Resilience Index requires market infrastructure institutions to automate resilience scoring, early warnings, and continuous service-delivery monito...
The Appellate Tribunal (NCLAT) dismissed the appeal and upheld the Adjudicating Authority's jurisdiction under Section 60(5) of the Code to entertain and adjudicate the IA enforcing the arbitral award against the Corporate Debtor. The arbitral award is final and unchallenged; the Resolution Professional is entitled to prosecute enforcement for revival of the Corporate Debtor, and the Adjudicating Authority may direct the judgment-debtor to pay the award sum. The tribunal affirmed that the IBC's time-bound regime prevails and that alleged delay in issuing the award vis-Ã -vis the MSME Act's 90-day aspiration does not vitiate the award or preclude enforcement. Consequently, the impugned order was affirmed and the appeal dismissed.
The Appellate Tribunal (NCLAT) dismissed the appeal and upheld the Adjudicating Authority's jurisdiction under Section 60(5) of the Code to entertain and adjudicate the IA enforcing the arbitral award against the Corporate Debtor. The arbitral award is final and unchallenged; the Resolution Professional is entitled to prosecute enforcement for revival of the Corporate Debtor, and the Adjudicating Authority may direct the judgment-debtor to pay the award sum. The tribunal affirmed that the IBC's time-bound regime prevails and that alleged delay in issuing the award vis-Ã -vis the MSME Act's 90-day aspiration does not vitiate the award or preclude enforcement. Consequently, the impugned order was affirmed and the appeal dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
