Condonation of Delay: Tribunal directed condonation where rectification proceedings were pursued, ordering merits adjudication after opportunity to be...
Restriction of Input Tax Credit under Rule 86A applies only to fraudulently or ineligible availed credit; mere wrongful recipient availment is insuffi...
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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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