Mechanical approval under search assessment law vitiates assessments when sanction lacks application of mind; retrospective curative provision cannot ...
Foreign portfolio investment liberalisation extends listed equity access to all individual persons resident outside India, subject to limit monitoring...
Page of 4817
Press 'Enter' after typing page number.
2381 to 2400 of 96333 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Where proceedings under the Insolvency and Bankruptcy Code are governed by Section 424 of the Companies Act, the adjudicatory process must comply with natural justice and the prescribed procedural course. The Appellate Tribunal held that an order shown for pronouncement without a concluded hearing, without a fixed pronouncement date, without an ex parte direction, and without deciding a pending application for additional documents was procedurally defective and ex parte in substance. It further held that an application challenging such defects was a recall application, not a review, so dismissal for want of review jurisdiction was erroneous. The impugned order was quashed and the matter remitted for fresh consideration after deciding the document application, subject to costs.
Where proceedings under the Insolvency and Bankruptcy Code are governed by Section 424 of the Companies Act, the adjudicatory process must comply with natural justice and the prescribed procedural course. The Appellate Tribunal held that an order shown for pronouncement without a concluded hearing, without a fixed pronouncement date, without an ex parte direction, and without deciding a pending application for additional documents was procedurally defective and ex parte in substance. It further held that an application challenging such defects was a recall application, not a review, so dismissal for want of review jurisdiction was erroneous. The impugned order was quashed and the matter remitted for fresh consideration after deciding the document application, subject to costs.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4817 
Join Channel 
