Family-linked property purchases using fabricated loan agreements and benami-style arrangements held to be crime proceeds; attachment upheld, appeal d...
Charitable tree plantation and maintenance for environmental preservation treated as "charitable activity", exempt from GST under Notification 12/2017...
Tribunal recognised that sums due to workmen from provident, pension and gratuity funds are excluded from the liquidation estate, but held that where the liquidator had already applied all available assets to CIRP costs, liquidation costs and priority payments leaving no remaining assets, the EPFO's application for recovery could not be granted; strict enforcement of the exclusion could not defeat necessary insolvency and liquidation costs. The Tribunal also held that dissolution following completion of liquidation, final distributions and filing of Form H was in accordance with statutory dissolution rules and affirmed the Adjudicating Authority's dissolution order.
Tribunal recognised that sums due to workmen from provident, pension and gratuity funds are excluded from the liquidation estate, but held that where the liquidator had already applied all available assets to CIRP costs, liquidation costs and priority payments leaving no remaining assets, the EPFO's application for recovery could not be granted; strict enforcement of the exclusion could not defeat necessary insolvency and liquidation costs. The Tribunal also held that dissolution following completion of liquidation, final distributions and filing of Form H was in accordance with statutory dissolution rules and affirmed the Adjudicating Authority's dissolution order.
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