Deferred Payment of Customs Duty extended to Eligible Manufacturer Importers with electronic registration and ICEGATE authentication for conditional c...
Tariff classification determines GST schedule and rate; beverages in Schedule III attract the higher rate, tea extracts and syrups in Schedule I attra...
Fraudulent trading requires cogent evidence of intent to defraud; ordinary-course payments protected, except post-insolvency withdrawals must be resto...
Recovery certificate issuance was held to trigger a fresh three-year limitation which, together with judicial exclusion of the period of court-mandated suspension, left residual limitation available. Audited financial statements recording counter guarantee and contingent liability and settlement correspondence were treated as acknowledgments under the Limitation Act, each renewing limitation and rendering the Section 7 insolvency petition timely. Withdrawal of the appellate challenge was permitted after settlement, but closure of the CIRP cannot be effected by appellate withdrawal alone; the financial creditor must pursue the statutory termination route through the insolvency process and the IRP, permitting intervention by other stakeholders.
Recovery certificate issuance was held to trigger a fresh three-year limitation which, together with judicial exclusion of the period of court-mandated suspension, left residual limitation available. Audited financial statements recording counter guarantee and contingent liability and settlement correspondence were treated as acknowledgments under the Limitation Act, each renewing limitation and rendering the Section 7 insolvency petition timely. Withdrawal of the appellate challenge was permitted after settlement, but closure of the CIRP cannot be effected by appellate withdrawal alone; the financial creditor must pursue the statutory termination route through the insolvency process and the IRP, permitting intervention by other stakeholders.
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