Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Limitation for insolvency appeals runs from the date an NCLAT order is pronounced in open court, and later uploading of the order does not postpone the start of time. Exclusion for time taken to obtain a certified copy was unavailable because there was no showing that the appellants applied for the copy within the limitation period. As the insolvency code is a self-contained statute with only a limited condonable delay of fifteen days beyond the initial period, an appeal filed on the 46th day was beyond the maximum permissible limit and could not be entertained; the delay applications were rejected and both appeals were dismissed as time-barred.
Limitation for insolvency appeals runs from the date an NCLAT order is pronounced in open court, and later uploading of the order does not postpone the start of time. Exclusion for time taken to obtain a certified copy was unavailable because there was no showing that the appellants applied for the copy within the limitation period. As the insolvency code is a self-contained statute with only a limited condonable delay of fifteen days beyond the initial period, an appeal filed on the 46th day was beyond the maximum permissible limit and could not be entertained; the delay applications were rejected and both appeals were dismissed as time-barred.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4826 
Join Channel 
