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...
IBBI's locus standi to maintain a review petition was upheld because the IBC empowers it to regulate insolvency professionals and to entertain complaints, investigate, and initiate disciplinary action regarding their conduct; hence it could seek review of an order impacting liquidation administration. However, review was refused as the liquidation sale process was conducted under the statutory framework, guided by decisions of the stakeholders' consultation committee and supervised through orders of the adjudicating authority, with no contemporaneous objection or finding of wrongdoing by the SCC, NCLT or NCLAT; allegations of suppression and fraud were also found unsupported since relevant auction and disciplinary materials were already on record. The review petition was dismissed. - HC
IBBI's locus standi to maintain a review petition was upheld because the IBC empowers it to regulate insolvency professionals and to entertain complaints, investigate, and initiate disciplinary action regarding their conduct; hence it could seek review of an order impacting liquidation administration. However, review was refused as the liquidation sale process was conducted under the statutory framework, guided by decisions of the stakeholders' consultation committee and supervised through orders of the adjudicating authority, with no contemporaneous objection or finding of wrongdoing by the SCC, NCLT or NCLAT; allegations of suppression and fraud were also found unsupported since relevant auction and disciplinary materials were already on record. The review petition was dismissed. - HC
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
