Expenses for overseas film shooting treated as services availed outside India, so no reverse charge service tax liability; cenvat reversals and penalt...
Electricity consumptionbased clandestine production estimates under the repealed Central Excise Act found insufficient; demand quashed and appeals all...
The liquidator's Process Information Document reserves broad discretion to reject bids and to annul and recommence an e auction to maximise realisation; the Court found that re auction with a higher reserve price may serve value maximisation and stakeholder interest, and that the liquidator may move the appellate tribunal for relief. The High Court declined to entertain the petition and an application to recall its prior order, noting the prior order recorded the liquidator's undertaking to approach the appellate forum and that NCLAT/NCLT have regulatory jurisdiction to decide annulment, re auction and objections. The petition was disposed accordingly.
The liquidator's Process Information Document reserves broad discretion to reject bids and to annul and recommence an e auction to maximise realisation; the Court found that re auction with a higher reserve price may serve value maximisation and stakeholder interest, and that the liquidator may move the appellate tribunal for relief. The High Court declined to entertain the petition and an application to recall its prior order, noting the prior order recorded the liquidator's undertaking to approach the appellate forum and that NCLAT/NCLT have regulatory jurisdiction to decide annulment, re auction and objections. The petition was disposed accordingly.
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