Prohibited importation of cosmetics without prior regulatory registration attracts seizure and confiscation; warehousing or re export claims do not cu...
Provisional release on security permitted where cash deposit plus bond secures differential duty; classification and treaty benefits referred for deci...
Customs Valuation Rule Sequence must be followed; single-comparator re-determination and penalties set aside without comparability or proof of mis-dec...
Separately Identifiable Services: transportation found to be the essential character, so Cargo Handling classification and extended limitation rejecte...
Debt and default were sufficiently proved from the Section 7 materials, including unit-wise allotment details, amounts paid, amounts claimed in default, and supporting allotment and sale documents, so admission of the CIRP was sustained. The NCLAT held that where allottees of a single real-estate project initiate insolvency, the CIRP must be confined to that project and cannot spill over to other separate projects of the same corporate debtor. The admission order was therefore modified to limit the CIRP to Raheja Shilas (Low Rise) only, while creditors linked to other projects were left free to pursue independent remedies. The CIRP was not closed, and withdrawal by settlement under Section 12A was left open.
Debt and default were sufficiently proved from the Section 7 materials, including unit-wise allotment details, amounts paid, amounts claimed in default, and supporting allotment and sale documents, so admission of the CIRP was sustained. The NCLAT held that where allottees of a single real-estate project initiate insolvency, the CIRP must be confined to that project and cannot spill over to other separate projects of the same corporate debtor. The admission order was therefore modified to limit the CIRP to Raheja Shilas (Low Rise) only, while creditors linked to other projects were left free to pursue independent remedies. The CIRP was not closed, and withdrawal by settlement under Section 12A was left open.
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