Expenditure tied to investments yielding exempt income restricted to attributable costs; broader disallowance disallowed and adjustments to WDV and mi...
Admissibility of Investigative Statements invalidated reliance on coerced emails and valuation redetermination, resulting in set aside of penalties an...
Classification of printed technical documents: specific Chapter 49.01 entry prevails, enabling claimed customs exemptions for imported manuals and rep...
Attachment of Pre Offence Mortgaged Property remains possible under PMLA; secured creditors may pursue statutory claim and seek auction with undertaki...
The Court held that modification or waiver of a debenture trust deed required compliance with its express written-waiver procedure, so unilateral communications with a single debenture holder cannot bind absent the prescribed written document; estoppel against other debenture holders thus failed. The debenture trustee's duty is to protect debenture holders' interests, and adverse findings of collusion were unsupported. Concurrent findings by NCLT/NCLAT were interfered with for perversity where they reframed the DTD on conjecture. The petition by the debenture trustee under Section 7 was held to be admitable.
The Court held that modification or waiver of a debenture trust deed required compliance with its express written-waiver procedure, so unilateral communications with a single debenture holder cannot bind absent the prescribed written document; estoppel against other debenture holders thus failed. The debenture trustee's duty is to protect debenture holders' interests, and adverse findings of collusion were unsupported. Concurrent findings by NCLT/NCLAT were interfered with for perversity where they reframed the DTD on conjecture. The petition by the debenture trustee under Section 7 was held to be admitable.
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