The accused denied bail over alleged GST credential misuse to commit Rs.1,09,11,404 fraud involving multiple proprietorships; investigation to continu...
Page of 4826
Press 'Enter' after typing page number.
9701 to 9720 of 96510 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The NCLAT dismissed the appeals, upholding the adjudicating authority's rejection under s.114(1) of the I&B Code of the appellants' repayment plan(s) for personal guarantors. The Tribunal found no evidence of a group insolvency process, recorded an apparent failure by the appellants to furnish the modified repayment plan within prescribed timeframes after meetings on 29.11.2022 and 01.12.2022, and held that denial of revision under s.115 did not disclose any manifest error warranting interference. Subsequent initiation of proceedings under s.123 and the declaration of corporate guarantors' bankruptcy on 18.04.2024 further rendered the limited challenge to the repayment-plan rejection devoid of practical relief.
The NCLAT dismissed the appeals, upholding the adjudicating authority's rejection under s.114(1) of the I&B Code of the appellants' repayment plan(s) for personal guarantors. The Tribunal found no evidence of a group insolvency process, recorded an apparent failure by the appellants to furnish the modified repayment plan within prescribed timeframes after meetings on 29.11.2022 and 01.12.2022, and held that denial of revision under s.115 did not disclose any manifest error warranting interference. Subsequent initiation of proceedings under s.123 and the declaration of corporate guarantors' bankruptcy on 18.04.2024 further rendered the limited challenge to the repayment-plan rejection devoid of practical relief.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4826 
Join Channel 
