Maintainability of a Section 7 insolvency petition against a financial service provider denied; appeal dismissed for non maintainability and complex d...
Provisional attachment under Prevention of Money Laundering Act requires exhaustion of statutory remedies; impugned order set aside, appeal to tribuna...
Restoration of property under Prevention of Money Laundering Act after attachment dispute rendered academic; possession directed to successful resolut...
Goods Transport Agency services via e commerce portals: consignment note creates custody and liability and enables exemption for unregistered recipien...
Regulations amend valuation requirements for bankruptcy proceedings of personal guarantors to corporate debtors by replacing the phrase "internationally accepted valuation standards" with "such valuation standards as notified by the Board through circular", thereby vesting the Board with rulemaking authority to specify applicable standards; they further mandate that a registered valuer must prepare the valuation report and maintain documentation in the format notified by the Board through circular, making compliance with Board notified formats and circulars mandatory for valuation reports and recordkeeping with effect from publication in the Official Gazette.
Regulations amend valuation requirements for bankruptcy proceedings of personal guarantors to corporate debtors by replacing the phrase "internationally accepted valuation standards" with "such valuation standards as notified by the Board through circular", thereby vesting the Board with rulemaking authority to specify applicable standards; they further mandate that a registered valuer must prepare the valuation report and maintain documentation in the format notified by the Board through circular, making compliance with Board notified formats and circulars mandatory for valuation reports and recordkeeping with effect from publication in the Official Gazette.
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