Proceeds of crime and money laundering: PMLA prosecution requires subsisting predicate offence; discharge of predicate accused precludes further prose...
Validity of faceless assessment procedure challenged for jurisdictional AO intervention mid-remand, resulting in quashing of assessment for procedural...
Residuary jurisdiction under insolvency does not permit an adjudicating authority to declare title to a trademark where the question of ownership is not in relation to insolvency proceedings; accordingly the adjudicating authoritys declaration of trademark ownership was set aside because the approved resolution plan and related insolvency process could not determine trademark title. Findings that the assignment fell within avoidance provisions on preferential or undervalued transactions were held perverse and beyond the scope of the approval inquiry, and such statutory avoidance actions require specific pleading and timely forensic scrutiny by the resolution professional. Observations do not bind other fora deciding title on merits.
Residuary jurisdiction under insolvency does not permit an adjudicating authority to declare title to a trademark where the question of ownership is not in relation to insolvency proceedings; accordingly the adjudicating authoritys declaration of trademark ownership was set aside because the approved resolution plan and related insolvency process could not determine trademark title. Findings that the assignment fell within avoidance provisions on preferential or undervalued transactions were held perverse and beyond the scope of the approval inquiry, and such statutory avoidance actions require specific pleading and timely forensic scrutiny by the resolution professional. Observations do not bind other fora deciding title on merits.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4811 
Join Channel 
