Co-operative credit society deduction on bank deposit interest upheld where funds were business funds and income remained attributable to member credi...
Transfer pricing benchmarking and receivables adjustments remanded: segmental financials need proper scrutiny, and foreign-currency interest must trac...
NCLAT-related commentary records that the corporate insolvency resolution process will be closed because the promoter will fund project completion under the supervision of the insolvency resolution professional; a status report and an NOC were placed on record. The note records admission of a Section 7 application context and grants liberty to requisite allottees to initiate fresh proceedings if causes exist. The IRP is to be paid fees and reasonable expenses by the corporate debtor. The appeals are recorded as disposed in light of these operative steps.
NCLAT-related commentary records that the corporate insolvency resolution process will be closed because the promoter will fund project completion under the supervision of the insolvency resolution professional; a status report and an NOC were placed on record. The note records admission of a Section 7 application context and grants liberty to requisite allottees to initiate fresh proceedings if causes exist. The IRP is to be paid fees and reasonable expenses by the corporate debtor. The appeals are recorded as disposed in light of these operative steps.
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