Deductibility for charitable donations affirmed where payments to approved relief funds, even if CSR-driven, qualify under the donation deduction sche...
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Liability for EPCG export shortfall: duty and interest sustained, but confiscation and penalties quashed where no fraud and causes beyond importer con...
In Section 7 insolvency proceedings, intervention by a third party is not warranted merely because it claims an interest under an unregistered agreement for sale. The Appellate Tribunal held that Order I Rule 10 CPC principles may guide, but do not directly govern, the Code; the relevant inquiry is whether the person is a necessary or proper party to adjudication of the financial creditor's claim against the corporate debtor on default. Because the appellant held no conveyance and its claim, if any, lay only against the corporate debtor, it had no legal status requiring impleadment. The refusal to intervene was upheld.
In Section 7 insolvency proceedings, intervention by a third party is not warranted merely because it claims an interest under an unregistered agreement for sale. The Appellate Tribunal held that Order I Rule 10 CPC principles may guide, but do not directly govern, the Code; the relevant inquiry is whether the person is a necessary or proper party to adjudication of the financial creditor's claim against the corporate debtor on default. Because the appellant held no conveyance and its claim, if any, lay only against the corporate debtor, it had no legal status requiring impleadment. The refusal to intervene was upheld.
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