Export obligation removed by notification, customs duty demand invalidated; penalties under s.112 and s.114AA quashed due to inadmissible s.108 statem...
Customs officers must wear and use department-issued body-worn cameras when clearing passenger baggage, with daily secure transfer and 30-day retentio...
Page of 4828
Press 'Enter' after typing page number.
10041 to 10060 of 96556 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The HC allowed the application to transfer and revive insolvency proceedings under the IBC, directing adjudication by the NCLT under Section 7 pursuant to the discretionary jurisdiction in Section 434(1)(c) of the 2013 Act. The Court found the winding-up petition had not reached an irreversible stage, the revival scheme sanctioned earlier had failed and was set aside, and numerous creditor claims and recurring preservation expenses threatened the common pool and creditor recoveries. In view of the multiplicity of creditors and public interest, the HC ordered continuation of proceedings as CIRP before the NCLT, enabling appointment of an interim resolution professional and prosecution of insolvency processes under the IBC.
The HC allowed the application to transfer and revive insolvency proceedings under the IBC, directing adjudication by the NCLT under Section 7 pursuant to the discretionary jurisdiction in Section 434(1)(c) of the 2013 Act. The Court found the winding-up petition had not reached an irreversible stage, the revival scheme sanctioned earlier had failed and was set aside, and numerous creditor claims and recurring preservation expenses threatened the common pool and creditor recoveries. In view of the multiplicity of creditors and public interest, the HC ordered continuation of proceedings as CIRP before the NCLT, enabling appointment of an interim resolution professional and prosecution of insolvency processes under the IBC.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
