Transferable duty credit scrips validity and bona fide transferee entitlement to exemption upheld where scrips were subsisting at import, appeals allo...
Classification of knocked down motor vehicle component imports: Notification benefit denied because items are standalone non kit parts requiring subst...
Reassessment against a deceased assessee: procedural defect mandates fresh reassessment; nonresponsive petitioner may be treated as legal representati...
Whether a homebuyer's belated claim can be rejected solely because the resolution plan had already been approved by the CoC was answered in the negative. Relying on binding precedent holding that bona fide allottees who paid substantial consideration cannot be relegated to mere refund claimants contrary to the object of the insolvency framework, the appellate forum held that the claim, as already reflected in the information memorandum prepared by the RP, required substantive treatment in the resolution plan. The rejection order was set aside; the RP was directed to provide claim details to the resolution applicant, who must prepare an addendum for placement before the CoC, and the application was allowed to that extent - NCLAT
Whether a homebuyer's belated claim can be rejected solely because the resolution plan had already been approved by the CoC was answered in the negative. Relying on binding precedent holding that bona fide allottees who paid substantial consideration cannot be relegated to mere refund claimants contrary to the object of the insolvency framework, the appellate forum held that the claim, as already reflected in the information memorandum prepared by the RP, required substantive treatment in the resolution plan. The rejection order was set aside; the RP was directed to provide claim details to the resolution applicant, who must prepare an addendum for placement before the CoC, and the application was allowed to that extent - NCLAT
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