Scope of intermediary status for data hosting services: tribunal finds provider not intermediary, services exported and not taxable, limited remand on...
CENVAT credit availability after omission of Rule 12B in textiles confirmed; late addendum to SCN introducing new grounds held time-barred and invalid...
Export of Wheat Flour and related products subject to online allocation, eligibility criteria, non-transferable six-month authorisations and reporting...
Straight-line lease rental accounting change results in penalty quashed where disclosed accounts and bona fide arguable accounting interpretation exis...
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Moratorium under Section 14 imposed on commencement of CIRP against the corporate debtor did not bar initiation of insolvency proceedings under Section 95 against the personal guarantor, since Section 14 restricts recovery from the corporate debtor and does not preclude enforcement against a personal guarantor; invocation of the guarantee after CIRP was therefore valid, and admission of the Section 95 application was upheld. Section 10A was held inapplicable because it only restricts applications under Sections 7, 9 and 10 and does not prohibit proceedings against personal guarantors under Part III; consequently, the Section 95 proceedings were not inhibited. The admission order was affirmed and the appeal was dismissed. - NCLAT
Moratorium under Section 14 imposed on commencement of CIRP against the corporate debtor did not bar initiation of insolvency proceedings under Section 95 against the personal guarantor, since Section 14 restricts recovery from the corporate debtor and does not preclude enforcement against a personal guarantor; invocation of the guarantee after CIRP was therefore valid, and admission of the Section 95 application was upheld. Section 10A was held inapplicable because it only restricts applications under Sections 7, 9 and 10 and does not prohibit proceedings against personal guarantors under Part III; consequently, the Section 95 proceedings were not inhibited. The admission order was affirmed and the appeal was dismissed. - NCLAT
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