Classification of knocked down motor vehicle component imports: Notification benefit denied because items are standalone non kit parts requiring subst...
Reassessment against a deceased assessee: procedural defect mandates fresh reassessment; nonresponsive petitioner may be treated as legal representati...
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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