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...
NCLAT allowed in part and disposed the appeal, setting aside the public notice and upholding directions for a fresh Swiss-challenge private sale with revised notice publication and reasonable EMD. The court held the applicant lacked standing to impugn the sale initially, but its grievances regarding compressed timelines, opaque Process Document and impediments to meaningful participation were well-founded; the Process Document frustrated competitive bidding and value maximization. NCLAT ruled that prior permission of the Adjudicating Authority is required for private sale under the LPR and its absence amounted to infraction, though prior approval already granted by the Adjudicating Authority cured certain defects. Allegations of collusion between the SCC member and the anchor bidder were unsupported.
NCLAT allowed in part and disposed the appeal, setting aside the public notice and upholding directions for a fresh Swiss-challenge private sale with revised notice publication and reasonable EMD. The court held the applicant lacked standing to impugn the sale initially, but its grievances regarding compressed timelines, opaque Process Document and impediments to meaningful participation were well-founded; the Process Document frustrated competitive bidding and value maximization. NCLAT ruled that prior permission of the Adjudicating Authority is required for private sale under the LPR and its absence amounted to infraction, though prior approval already granted by the Adjudicating Authority cured certain defects. Allegations of collusion between the SCC member and the anchor bidder were unsupported.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
