Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
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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