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...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
The NCLAT dismissed the company appeal, upholding the Principal Bench's confirmation of the impugned NCLT order and the approved resolution plan. The Tribunal held that nothing substantial survives for adjudication on merits where the Principal Bench has already validated the resolution plan and related determinations in the lead batch of appeals. The appellant's characterization of its submission as a contingent claim, and contention that the RP improperly treated it as an ordinary claim or artificially classified claims, did not alter the outcome; the resolution plan, including the 24-month cap for creditors to crystallize claims, stands confirmed and the challenge to the impugned order is rejected.
The NCLAT dismissed the company appeal, upholding the Principal Bench's confirmation of the impugned NCLT order and the approved resolution plan. The Tribunal held that nothing substantial survives for adjudication on merits where the Principal Bench has already validated the resolution plan and related determinations in the lead batch of appeals. The appellant's characterization of its submission as a contingent claim, and contention that the RP improperly treated it as an ordinary claim or artificially classified claims, did not alter the outcome; the resolution plan, including the 24-month cap for creditors to crystallize claims, stands confirmed and the challenge to the impugned order is rejected.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4827 
Join Channel 
