Invoice-based recovery claims remain time-barred despite separate winding-up proceedings, absent valid acknowledgment or part-payment of the disputed ...
Extended limitation fails without specific suppression allegations, while overseas employee secondment remains taxable as manpower supply within norma...
Time-share accommodation classification excludes Club or Association Service where purchasers receive contractual occupancy rights without genuine mem...
CENVAT credit for trading requires reversal, while taxable-service rental credit remains proportionately available and limitation issues await resolut...
Vicarious liability for dishonoured company cheques may extend to non-signatory directors where complaints contain foundational responsibility avermen...
In Section 95 insolvency proceedings against personal guarantors, limitation under Article 137 had to be assessed from the actual invocation of guarantee and the date of default, not from the Form B demand notice. The Tribunal held that the Adjudicating Authority erred in treating Form B as invocation, and noted that a decree obtained within limitation could furnish a fresh cause of action. It also found the limitation computation flawed because Covid-related exclusion days were deducted without adequate basis. Letters dated 17.03.2022 and 12.07.2022, and admission of the creditor's claim in the corporate debtor's CIRP, were material on acknowledgment and limitation but had not been properly considered, so the matter was remanded for fresh, reasoned decision.
In Section 95 insolvency proceedings against personal guarantors, limitation under Article 137 had to be assessed from the actual invocation of guarantee and the date of default, not from the Form B demand notice. The Tribunal held that the Adjudicating Authority erred in treating Form B as invocation, and noted that a decree obtained within limitation could furnish a fresh cause of action. It also found the limitation computation flawed because Covid-related exclusion days were deducted without adequate basis. Letters dated 17.03.2022 and 12.07.2022, and admission of the creditor's claim in the corporate debtor's CIRP, were material on acknowledgment and limitation but had not been properly considered, so the matter was remanded for fresh, reasoned decision.
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