Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
Risk-based postal import clearance standardises electronic assessment, document requests, duty realisation and delivery controls at Foreign Post Offic...
Customs Cargo Service Provider appointment extends custodianship to additional terminal land, subject to cargo-control, security and licence condition...
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The HC held that the Company Court's statutory jurisdiction under the Companies Act is confined to supervising winding up, realising company assets, adjudicating creditor claims and distributing proceeds; it is not a forum to shelter personal guarantors from independent recovery proceedings once liquidation has attained finality. After the winding up order, appointment of a provisional liquidator and Official Liquidator, sale of company properties and distribution to secured creditors and workmen pursuant to court directions with a fixed cut-off for claims, guarantor liability remains independent of the company's liquidation. Guarantors must pursue remedies in appropriate fora; the Company Court cannot restrain creditor recovery post-liquidation. Appeal dismissed.
The HC held that the Company Court's statutory jurisdiction under the Companies Act is confined to supervising winding up, realising company assets, adjudicating creditor claims and distributing proceeds; it is not a forum to shelter personal guarantors from independent recovery proceedings once liquidation has attained finality. After the winding up order, appointment of a provisional liquidator and Official Liquidator, sale of company properties and distribution to secured creditors and workmen pursuant to court directions with a fixed cut-off for claims, guarantor liability remains independent of the company's liquidation. Guarantors must pursue remedies in appropriate fora; the Company Court cannot restrain creditor recovery post-liquidation. Appeal dismissed.
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