Independent show-cause notices remain separate proceedings, while customs adjudication challenges should ordinarily follow the statutory appellate rem...
Institutional incapacity in customs settlement proceedings excludes non-functional quorum periods from statutory disposal timelines, preventing automa...
Interactive touchscreen panels with integrated computing functions fall under automatic data-processing machines rather than display monitors for cust...
Ex parte injunction service requirements were substantially met, while civil recovery and SFIO investigation into provident fund defalcation continued...
Enforcement of resolution-plan directions continues without a Supreme Court stay, preventing suspension of redistribution and escrowed-fund distributi...
Third-party ownership claims over attached property require Special Court adjudication where purchasers lack registered sale deeds and bona fides rema...
Pure-agent reimbursements in clearing and forwarding services are excluded from taxable value when qualifying third-party payments are properly record...
Customs relief for Strait of Hormuz maritime disruptions remains available, with existing conditions continuing unchanged through the extended validit...
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The AT affirms the provisional attachment order and dismisses the appeals, holding that the co-lending/service agreements between the NBFC and fintech entities effectively outsourced core management functions, facilitated misuse of borrower data and constituted prima facie commission of offences under sections 417, 419, 420 IPC and sections 66-C, 66-D IT Act. The tribunal finds the fintech entities, by providing funds as a purported "performance guarantee" and receiving guaranteed revenue or service fees, assumed substantive loan-related functions without due diligence, while the NBFC obtained assured returns without capital exposure. The appellants' contention of limited fintech involvement is rejected as the agreements demonstrate delegation of non-permissible core activities.
The AT affirms the provisional attachment order and dismisses the appeals, holding that the co-lending/service agreements between the NBFC and fintech entities effectively outsourced core management functions, facilitated misuse of borrower data and constituted prima facie commission of offences under sections 417, 419, 420 IPC and sections 66-C, 66-D IT Act. The tribunal finds the fintech entities, by providing funds as a purported "performance guarantee" and receiving guaranteed revenue or service fees, assumed substantive loan-related functions without due diligence, while the NBFC obtained assured returns without capital exposure. The appellants' contention of limited fintech involvement is rejected as the agreements demonstrate delegation of non-permissible core activities.
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