Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
A liquidation claim filed after a 787-day delay was rejected because Regulation 12(2)(b) requires claims to be lodged or updated within the prescribed time, and insolvency law treats timeliness as central to the liquidation process. Even if the timeline were treated as directory, an inordinate delay still needed a satisfactory explanation, which was absent here. The pendency or abatement of customs proceedings did not bar filing the claim before the liquidator, and a government department was not entitled to any special indulgence in condonation of delay. Entertaining the belated claim at an advanced stage would disrupt the liquidation process, so the rejection was upheld.
A liquidation claim filed after a 787-day delay was rejected because Regulation 12(2)(b) requires claims to be lodged or updated within the prescribed time, and insolvency law treats timeliness as central to the liquidation process. Even if the timeline were treated as directory, an inordinate delay still needed a satisfactory explanation, which was absent here. The pendency or abatement of customs proceedings did not bar filing the claim before the liquidator, and a government department was not entitled to any special indulgence in condonation of delay. Entertaining the belated claim at an advanced stage would disrupt the liquidation process, so the rejection was upheld.
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