Imported menthol-scented sweet supari classification dispute: seizure quashed, release for home consumption subject to duty bond; bank guarantee refus...
CKD/SKD air-conditioner components classifiable with finished units by essential character; prior advance ruling extended three years, FTA benefits po...
Scope of judicial review under Article 226: supervisory, not appellate; factual reappraisal barred, challenge dismissed; insolvency professional dutie...
NCLAT directed release of the fixed deposit maintained with its Registry, together with accrued interest, to the financial creditor after removal of the lien. The Tribunal held that its earlier order had left the treatment of the deposited amount to the Adjudicating Authority's order on the Section 12A settlement application. As the Adjudicating Authority had allowed the settlement, dismissed the insolvency petition as withdrawn, and specifically directed that the Registry-held amount be received by the financial creditor under the settlement agreement, that direction was binding. In the absence of any objection from the original appellant, the application for release was allowed.
NCLAT directed release of the fixed deposit maintained with its Registry, together with accrued interest, to the financial creditor after removal of the lien. The Tribunal held that its earlier order had left the treatment of the deposited amount to the Adjudicating Authority's order on the Section 12A settlement application. As the Adjudicating Authority had allowed the settlement, dismissed the insolvency petition as withdrawn, and specifically directed that the Registry-held amount be received by the financial creditor under the settlement agreement, that direction was binding. In the absence of any objection from the original appellant, the application for release was allowed.
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