Scope of judicial review under Article 226: supervisory, not appellate; factual reappraisal barred, challenge dismissed; insolvency professional dutie...
Courier transshipment of imported goods via named carrier to air cargo stations renewed until 30.01.2026; exemption conditional, strict controls apply...
Insurer's investment gains and investment write-downs face Section 263 revision; enquiry upheld, Rule 5(b)(ii) lapse sustained, late corrigendum quash...
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Share application money was treated as financial debt and the appellate tribunal applied res judicata to reject reopening issues already finally decided; consequence: the subsequent insolvency petition under Section 7 was properly admitted where the corporate debtor failed to refund amounts after prior proceedings. The tribunal found earlier assurances to refund were not genuine and, on merits, upheld admission of the petition and dismissed the appeal. Consequent orders directed refund of the interim deposit to the appellant, permitted the appellant to remit specified sums to the financial creditor, and allowed the resolution professional to continue CIRP excluding the specified interim period.
Share application money was treated as financial debt and the appellate tribunal applied res judicata to reject reopening issues already finally decided; consequence: the subsequent insolvency petition under Section 7 was properly admitted where the corporate debtor failed to refund amounts after prior proceedings. The tribunal found earlier assurances to refund were not genuine and, on merits, upheld admission of the petition and dismissed the appeal. Consequent orders directed refund of the interim deposit to the appellant, permitted the appellant to remit specified sums to the financial creditor, and allowed the resolution professional to continue CIRP excluding the specified interim period.
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