Concessional Basic Customs Duty on Ethernet switches: classification as enterprise switches upheld, challenge dismissed for lack of substantial law qu...
Insolvency petition based on admitted debt and default upheld; challenge for malicious initiation rejected, settlement may proceed under resolution fr...
Quashing of FIR and challenge to ECIR over alleged diversion of funds and preferential ESOP pricing dismissed after prima facie money-laundering findi...
Natural justice was not violated in summary insolvency proceedings because the personal guarantor had opportunity to participate and provide explanations to the resolution professional, whose report was considered by the Adjudicating Authority; appeal dismissed on that ground. Pre existing commercial disputes do not bar admission of a petition under the insolvency code in Part III proceedings, and a later filed suit was immaterial. Insufficient stamping of the guarantee was held immaterial in summary IBC adjudication. The debtor's execution of the guarantee, disbursement, recall and demand notices established debt and default; the Adjudicating Authority's admission order is sustained and the appeal is dismissed.
Natural justice was not violated in summary insolvency proceedings because the personal guarantor had opportunity to participate and provide explanations to the resolution professional, whose report was considered by the Adjudicating Authority; appeal dismissed on that ground. Pre existing commercial disputes do not bar admission of a petition under the insolvency code in Part III proceedings, and a later filed suit was immaterial. Insufficient stamping of the guarantee was held immaterial in summary IBC adjudication. The debtor's execution of the guarantee, disbursement, recall and demand notices established debt and default; the Adjudicating Authority's admission order is sustained and the appeal is dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4809 
Join Channel 
