Custodian Allowed Bby The Special Court to Release Rs.650 Crores to Income Tax Department, Banks and Financial Institutions from the Liquidated Assets of The Harshad Mehta Group of Entities to Settle Pending Claims.

Custodian Allowed Bby The Special Court to Release Rs.650 Crores to Income Tax Department, Banks and Financial Institutions from the Liquidated Assets of The Harshad Mehta Group of Entities to Settle Pending Claims. https://www.taxtmi.com/news?id=2242 The Custodian obtained Special Court approval to make interim disbursements from liquidated assets of the Harshad Mehta group to the Income Tax Department and creditor banks and financial institutions, subject to undertakings that funds will be returned if ordered, with additional corporate authorisation required from one bank; distributions were directed in accordance with the statutory priority of claims under Section 11 and remain under concurrent judicial review by the Special Court. en-us Tue, 13 Sep 2011 17:52:47 +0530 Tue, 13 Sep 2011 17:52:47 +0530 TaxTMI RSS Generator Custodian Allowed Bby The Special Court to Release Rs.650 Crores to Income Tax Department, Banks and Financial Institutions from the Liquidated Assets of The Harshad Mehta Group of Entities to Settle Pending Claims. https://www.taxtmi.com/news?id=2242 The Custodian obtained Special Court approval to make interim disbursements from liquidated assets of the Harshad Mehta group to the Income Tax Department and creditor banks and financial institutions, subject to undertakings that funds will be returned if ordered, with additional corporate authorisation required from one bank; distributions were directed in accordance with the statutory priority of claims under Section 11 and remain under concurrent judicial review by the Special Court. News - Tue, 13 Sep 2011 17:52:47 +0530 https://www.taxtmi.com/news?id=2242