PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
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In real estate insolvency, where the Section 7 applicants were allottees of one project and the alleged default related only to that project, the NCLAT held that the CIRP should proceed on a project-specific basis. The admission order was modified to confine the insolvency process to Krishna Housing Scheme, since extending it to other projects would prejudice separate homebuyers and stakeholders. The Tribunal further held that claims in the CIRP must also be limited to that project, while the IRP/RP may process claims under the CIRP Regulations and need not adjudicate individual creditor disputes at this stage. Creditors and financial institutions linked to other projects were left free to pursue independent remedies.
In real estate insolvency, where the Section 7 applicants were allottees of one project and the alleged default related only to that project, the NCLAT held that the CIRP should proceed on a project-specific basis. The admission order was modified to confine the insolvency process to Krishna Housing Scheme, since extending it to other projects would prejudice separate homebuyers and stakeholders. The Tribunal further held that claims in the CIRP must also be limited to that project, while the IRP/RP may process claims under the CIRP Regulations and need not adjudicate individual creditor disputes at this stage. Creditors and financial institutions linked to other projects were left free to pursue independent remedies.
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