Attachment and proclamation of sale of immovable property: limitation treated from financial year end; proclamation held within period, petition dismi...
Second Schedule attachment and validity of a post-notice mortgage: TRO cannot declare mortgage void ab initio; sale and appropriation allowed thereaft...
Limitation for final assessment under sections 144C and 153 treated jointly, resulting in quashing of timebarred assessment order and liberty to reviv...
Deductibility of settlement payments for securities law penalties and treatment of unexplained cash credits in share trading -- Tribunal upholds posit...
Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
Contravention of foreign exchange rules in crossborder diamond payments; appellate tribunal reduces one appellant's penalty for delay and proportional...
Section 62 of the Insolvency and Bankruptcy Code limits condonable delay to 15 days beyond the 45-day limitation, rendering the appeal time-barred and dismissed. The appeal filed by the erstwhile management is not maintainable because the Interim/Resolution Professional for the corporate debtor has not come on record, and is therefore dismissed. Third-party intervention applications in a disposed matter are not maintainable and are dismissed for failure to protect interest within prescribed timelines. The Successful Resolution Applicants public refund offer with a specified cut-off entitles home buyers who claimed after 10.10.2024 but before 05.12.2025 only to refunds, not to allotment; all other pending applications are dismissed.
Section 62 of the Insolvency and Bankruptcy Code limits condonable delay to 15 days beyond the 45-day limitation, rendering the appeal time-barred and dismissed. The appeal filed by the erstwhile management is not maintainable because the Interim/Resolution Professional for the corporate debtor has not come on record, and is therefore dismissed. Third-party intervention applications in a disposed matter are not maintainable and are dismissed for failure to protect interest within prescribed timelines. The Successful Resolution Applicants public refund offer with a specified cut-off entitles home buyers who claimed after 10.10.2024 but before 05.12.2025 only to refunds, not to allotment; all other pending applications are dismissed.
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