Steel-timber construction shuttering/formwork tariff classification dispute: essential character held steel, classified as shuttering under Heading 73...
Family-linked property purchases using fabricated loan agreements and benami-style arrangements held to be crime proceeds; attachment upheld, appeal d...
Charitable tree plantation and maintenance for environmental preservation treated as "charitable activity", exempt from GST under Notification 12/2017...
An interim direction for forensic audit during pendency of a petition under ss. 241-242 of the Companies Act, 2013 was challenged on the ground that no specific relief for audit was sought and no prima facie finding of oppression or mismanagement was recorded. The tribunal held that s. 242(4) confers discretionary interim powers, and the petition contained allegations of mismanagement and siphoning of funds, with intense inter se hostility and counter-allegations. Since the company was non-operational and the audit would assist the adjudicating forum in ascertaining the truth for fair adjudication of the main petition, the discretion was not interfered with; the appeal was dismissed - NCLAT
An interim direction for forensic audit during pendency of a petition under ss. 241-242 of the Companies Act, 2013 was challenged on the ground that no specific relief for audit was sought and no prima facie finding of oppression or mismanagement was recorded. The tribunal held that s. 242(4) confers discretionary interim powers, and the petition contained allegations of mismanagement and siphoning of funds, with intense inter se hostility and counter-allegations. Since the company was non-operational and the audit would assist the adjudicating forum in ascertaining the truth for fair adjudication of the main petition, the discretion was not interfered with; the appeal was dismissed - NCLAT
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