Governmental authority status supports construction-service exemption, while pre-cutoff contract and stamp-duty compliance requires verification on re...
Automated Free Sale and Commerce Certificates enable paperless processing while retaining risk-based manual verification for selected exporter applica...
Employee stock-shortage penalties do not constitute consideration for services, preventing GST collection under Schedule II in employment relationship...
Procedural incompleteness in an insolvency application should be treated as curable rather than a ground to foreclose the applicant's right to initiate CIRP; the adjudicating authority must assess whether the application satisfies statutory completeness and whether a default exists, and must afford the applicant an opportunity to rectify defects before rejecting. Rejection based solely on an auditor's disclaimer or perceived unreliability of financial statements without permitting supplementation is unsustainable; the matter requires fresh consideration with directions to allow production of missing documents and application of settled admission tests.
Procedural incompleteness in an insolvency application should be treated as curable rather than a ground to foreclose the applicant's right to initiate CIRP; the adjudicating authority must assess whether the application satisfies statutory completeness and whether a default exists, and must afford the applicant an opportunity to rectify defects before rejecting. Rejection based solely on an auditor's disclaimer or perceived unreliability of financial statements without permitting supplementation is unsustainable; the matter requires fresh consideration with directions to allow production of missing documents and application of settled admission tests.
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