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...
Where a corporate debtor was sold as a going concern in liquidation, the auction purchaser was held liable for electricity "true-up" charges levied after issuance of the sale certificate, since under the Liquidation Process Regulations the purchaser bears post-sale operational liabilities and "as per law" does not negate such statutory/regulatory dues; reliance on the regulator's order provision to claim absolution was rejected, and the challenge to the levy failed. The appeal challenging observations relating to a contempt petition was held not maintainable because any alleged contempt of the adjudicating authority's order must be examined only by that adjudicating authority, leaving no surviving cause in appeal. - NCLAT
Where a corporate debtor was sold as a going concern in liquidation, the auction purchaser was held liable for electricity "true-up" charges levied after issuance of the sale certificate, since under the Liquidation Process Regulations the purchaser bears post-sale operational liabilities and "as per law" does not negate such statutory/regulatory dues; reliance on the regulator's order provision to claim absolution was rejected, and the challenge to the levy failed. The appeal challenging observations relating to a contempt petition was held not maintainable because any alleged contempt of the adjudicating authority's order must be examined only by that adjudicating authority, leaving no surviving cause in appeal. - NCLAT
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