Concessional Basic Customs Duty on Ethernet switches: classification as enterprise switches upheld, challenge dismissed for lack of substantial law qu...
Insolvency petition based on admitted debt and default upheld; challenge for malicious initiation rejected, settlement may proceed under resolution fr...
Quashing of FIR and challenge to ECIR over alleged diversion of funds and preferential ESOP pricing dismissed after prima facie money-laundering findi...
Page of 4814
Press 'Enter' after typing page number.
6581 to 6600 of 96262 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Tribunal upheld the Resolution Professional's conduct in not admitting the Income Tax Department's claim during CIRP, finding repeated requests for assessment orders and that the Department delayed filing for admission before the Adjudicating Authority; therefore no irregularity by the RP. Applying the statutory waterfall mechanism to admitted liquidation and plan figures, the Tribunal concluded the plan allocation to the Department exceeded what it would have received pro rata had its claim been admitted, so the Department was not prejudiced in recoverable quantum and the appeal was dismissed.
Tribunal upheld the Resolution Professional's conduct in not admitting the Income Tax Department's claim during CIRP, finding repeated requests for assessment orders and that the Department delayed filing for admission before the Adjudicating Authority; therefore no irregularity by the RP. Applying the statutory waterfall mechanism to admitted liquidation and plan figures, the Tribunal concluded the plan allocation to the Department exceeded what it would have received pro rata had its claim been admitted, so the Department was not prejudiced in recoverable quantum and the appeal was dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4814 
Join Channel 
