Timing mismatch in income recognition requires verification whether receipts were already taxed in an earlier year; matter remitted for fresh examinat...
FOB transaction value and export incentives: customs valuation cannot override contractual export benefits or support confiscation without valid proof...
Clarifications to a resolution plan that only address timing and operational aspects-such as confirmation that earmarked margin money will be returned to creditors and assurance of temporary replacement margin to banks-do not constitute enhancement or modification of the plan; similarly, explaining that a stated figure is the discounted present value of deferred payments does not alter the commercial offer. The resolution professional who acted on explicit Committee of Creditors instructions did not commit material irregularity. Concurrent factual findings that no modification or material irregularity occurred bar judicial substitution of the CoC's commercial wisdom, and the appeals were dismissed accordingly.
Clarifications to a resolution plan that only address timing and operational aspects-such as confirmation that earmarked margin money will be returned to creditors and assurance of temporary replacement margin to banks-do not constitute enhancement or modification of the plan; similarly, explaining that a stated figure is the discounted present value of deferred payments does not alter the commercial offer. The resolution professional who acted on explicit Committee of Creditors instructions did not commit material irregularity. Concurrent factual findings that no modification or material irregularity occurred bar judicial substitution of the CoC's commercial wisdom, and the appeals were dismissed accordingly.
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