Political contribution deductions require genuine transactions; banking records and party registration alone cannot defeat evidence of accommodation e...
Post-death GST liability permits fresh proceedings against legal representatives, while discontinued-business recovery remains limited to the inherite...
Non-confirmation of FEMA seizure prevents adjudicators from overriding pending appellate findings on recorded reasons and suspected foreign asset hold...
NCLAT allowed the appeal, set aside the impugned AA order and upheld approval of the resolution plan submitted by the Successful Resolution Applicant, holding it received the requisite approvals under Section 30(4). The Tribunal directed admission of the additional MCA email into the record, found the AA's disqualification findings under Section 29A clauses (c), (e), (g), (i) and (j) to be unsustainable, and held the SRA eligible. The Tribunal held the third-party deposit of the Performance Bank Guarantee did not contravene Regulation 36B(4A), found Regulation 38(3) inapplicable as relied upon, and concluded net-worth criteria under the RFRP were satisfied. The appeal was disposed and the AA order dated 22.07.2025 set aside.
NCLAT allowed the appeal, set aside the impugned AA order and upheld approval of the resolution plan submitted by the Successful Resolution Applicant, holding it received the requisite approvals under Section 30(4). The Tribunal directed admission of the additional MCA email into the record, found the AA's disqualification findings under Section 29A clauses (c), (e), (g), (i) and (j) to be unsustainable, and held the SRA eligible. The Tribunal held the third-party deposit of the Performance Bank Guarantee did not contravene Regulation 36B(4A), found Regulation 38(3) inapplicable as relied upon, and concluded net-worth criteria under the RFRP were satisfied. The appeal was disposed and the AA order dated 22.07.2025 set aside.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
