Pre-trial bail granted where custodial period, documentary prosecution, and magistrate-triable offence favor release subject to surety and no witness ...
Allowability of Salary Exemptions: Form 16 entries can substantiate HRA and other salary exemptions, and home loan interest is deductible for a self-o...
Capital gains exemption: payment for plot, architect fees and bona fide commencement of construction can satisfy utilisation requirement and secure re...
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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