Limited scope of processing under section 143(1): enhancement without show cause is unsustainable; remand for residency, taxation and TDS verification...
Extended period of limitation unsustainable; allowable deductions for prompt payment discounts, pro rata recovery, freight and VAT led to demand being...
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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