Transfer pricing comparables and operating income principles applied to software development services, with exclusions, inclusions, and tax credit ver...
Transfer pricing on performance guarantees and overdue receivables deleted where warranty obligations were embedded and working capital adjustment alr...
Estoppel by acceptance of payment prevents appellants who unconditionally accepted amounts under the approved resolution plan from belatedly challenging the plan or prior partial rejection of their claims; those appellants are estopped and their appeals dismissed. Claims not substantiated by the proof mandated under Regulation 19 and Schedule II (Form E/Form F and supporting material) were rightly partially rejected by the Liquidator and cannot be reopened on appeal. Judicial interference with a resolution plan approved by 100% of the CoC is very limited; the plan's provision for priority payment of statutory employee dues (EPF, gratuity, earned leave) and enforcement mechanisms was held adequate, directing the RP and applicant to ensure remittance.
Estoppel by acceptance of payment prevents appellants who unconditionally accepted amounts under the approved resolution plan from belatedly challenging the plan or prior partial rejection of their claims; those appellants are estopped and their appeals dismissed. Claims not substantiated by the proof mandated under Regulation 19 and Schedule II (Form E/Form F and supporting material) were rightly partially rejected by the Liquidator and cannot be reopened on appeal. Judicial interference with a resolution plan approved by 100% of the CoC is very limited; the plan's provision for priority payment of statutory employee dues (EPF, gratuity, earned leave) and enforcement mechanisms was held adequate, directing the RP and applicant to ensure remittance.
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