International transaction characterisation of domestic divestment of support services business rejected; transaction between resident associated enter...
Minimum Import Price restrictions for Black Pepper, Areca-nuts and Apples upheld; procedural laying failure not fatal, notifications to be placed befo...
Transaction value between related persons requires market-equivalent pricing; importer must prove declared value mirrors ordinary international trade ...
Classification of exported insecticides under export tariff affirmed; reclassification and related penalties set aside and MEIS scrip jurisdiction rec...
NCLAT set aside the adjudicating authority's order rejecting the appellant's Form C claim in the CIRP of the corporate debtor. It held that the NCLT had adopted a casual approach, having declared the claim time-barred and inadequately documented without examining relevant dates, inter se correspondence, or the clauses of the buyer insurance policy forming the basis of the claim and alleged indemnity benefit. As respondents conceded remand was appropriate, NCLAT found the impugned order unsustainable in law and remanded the matter to the NCLT for fresh adjudication on all issues, including limitation and quantum, in accordance with evidence on record.
NCLAT set aside the adjudicating authority's order rejecting the appellant's Form C claim in the CIRP of the corporate debtor. It held that the NCLT had adopted a casual approach, having declared the claim time-barred and inadequately documented without examining relevant dates, inter se correspondence, or the clauses of the buyer insurance policy forming the basis of the claim and alleged indemnity benefit. As respondents conceded remand was appropriate, NCLAT found the impugned order unsustainable in law and remanded the matter to the NCLT for fresh adjudication on all issues, including limitation and quantum, in accordance with evidence on record.
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