Effective service requirement: officers must explore alternative service modes beyond the GST portal and afford personal hearing; non-compliance voids...
Permanent Establishment and Business Connection: foreign consultancy receipts not attributable where no fixed base or corporate veil piercing establis...
A resolution plan that expressly addresses insolvency resolution process (CIRP) costs makes those costs final and unassailable; however, where claimed CIRP costs were never placed before or approved by the committee of creditors as CIRP costs, those claims cannot be allowed. The tribunal examined merits and found the impugned related-party transaction approvals were for business continuity, not approvals of CIRP cost under the CIRP Regulations, so the adjudicating authority correctly rejected the application seeking payment. Consequently, the appeals challenging that rejection were dismissed for lack of merit.
A resolution plan that expressly addresses insolvency resolution process (CIRP) costs makes those costs final and unassailable; however, where claimed CIRP costs were never placed before or approved by the committee of creditors as CIRP costs, those claims cannot be allowed. The tribunal examined merits and found the impugned related-party transaction approvals were for business continuity, not approvals of CIRP cost under the CIRP Regulations, so the adjudicating authority correctly rejected the application seeking payment. Consequently, the appeals challenging that rejection were dismissed for lack of merit.
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