NPCI-based bank account validation for IEC applications and modifications enables real-time validation; incorrect details block submission or trigger ...
Creation/Invocation of pledge of securities through depository system: standardized pledge forms, notice requirement and invocation notifications to p...
Calendar Spread margin benefit for Single Stock Derivatives suspended on expiry day for expiring contracts; exchanges must implement systems and rule ...
Proportionate interest, unexplained credits and partner remuneration disputed; proofs of fund nexus and lender identity were decisive and disallowance...
Capital gains valuation from stamp assessment versus net consideration for residential reinvestment: deemed stamp value replaced for gains but not for...
Unauthorised dispositions during moratorium are void and any money received affecting the liquidation estate must be restored; the Liquidator alone held authority to deal with estate assets once CIRP commenced and liquidation commenced, so the Agreement to Sell dated 13.12.2019 and receipt of funds by related parties were examined for restitution. Belated criminal allegations of forgery and post order complaints do not defeat statutory restorative relief; a subsequent accounting entry claiming an unsecured loan, without supporting documents, cannot override contemporaneous facts linking payment to the sale agreement. The Adjudicating Authority's order directing deposit of the sum into the liquidation estate was upheld.
Unauthorised dispositions during moratorium are void and any money received affecting the liquidation estate must be restored; the Liquidator alone held authority to deal with estate assets once CIRP commenced and liquidation commenced, so the Agreement to Sell dated 13.12.2019 and receipt of funds by related parties were examined for restitution. Belated criminal allegations of forgery and post order complaints do not defeat statutory restorative relief; a subsequent accounting entry claiming an unsecured loan, without supporting documents, cannot override contemporaneous facts linking payment to the sale agreement. The Adjudicating Authority's order directing deposit of the sum into the liquidation estate was upheld.
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