International transaction characterisation of domestic divestment of support services business rejected; transaction between resident associated enter...
Minimum Import Price restrictions for Black Pepper, Areca-nuts and Apples upheld; procedural laying failure not fatal, notifications to be placed befo...
Transaction value between related persons requires market-equivalent pricing; importer must prove declared value mirrors ordinary international trade ...
Classification of exported insecticides under export tariff affirmed; reclassification and related penalties set aside and MEIS scrip jurisdiction rec...
A 90-day extension to implement a bona fide settlement agreement was granted to the corporate debtor to enable payment of the balance sum, modifying the earlier limited protection period; if payment occurs within that period the prior withdrawal of CIRP will become operative and the CIRP will terminate. The adjudicating authority's restoration of CIRP and interim restraint on coercive steps to permit implementation was recognised but the implementation period was extended. The financial creditor and the resolution professional are directed to provide necessary assistance to facilitate implementation and payment during the granted period to further rehabilitation objectives under the Code.
A 90-day extension to implement a bona fide settlement agreement was granted to the corporate debtor to enable payment of the balance sum, modifying the earlier limited protection period; if payment occurs within that period the prior withdrawal of CIRP will become operative and the CIRP will terminate. The adjudicating authority's restoration of CIRP and interim restraint on coercive steps to permit implementation was recognised but the implementation period was extended. The financial creditor and the resolution professional are directed to provide necessary assistance to facilitate implementation and payment during the granted period to further rehabilitation objectives under the Code.
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