Tribunal Cannot Reject Insolvency Petition Due to Insufficient Stamping; Petitioner Liable for Adverse Stamp Duty Orders.

Tribunal Cannot Reject Insolvency Petition Due to Insufficient Stamping; Petitioner Liable for Adverse Stamp Duty Orders. https://www.taxtmi.com/highlights?id=38598 Initiate insolvency resolution process against the respondent-corporate debtor - the document of assignment cannot be rejected by this Tribunal while disposing of the instant petition on the ground of being insufficiently stamped though the petitioner would be bound by the consequences if any adverse order on changing of stamp duty comes into play. - Tri en-us Mon, 26 Mar 2018 08:38:22 +0530 Mon, 26 Mar 2018 08:38:22 +0530 TaxTMI RSS Generator Tribunal Cannot Reject Insolvency Petition Due to Insufficient Stamping; Petitioner Liable for Adverse Stamp Duty Orders. https://www.taxtmi.com/highlights?id=38598 Initiate insolvency resolution process against the respondent-corporate debtor - the document of assignment cannot be rejected by this Tribunal while disposing of the instant petition on the ground of being insufficiently stamped though the petitioner would be bound by the consequences if any adverse order on changing of stamp duty comes into play. - Tri Highlights Insolvency and Bankruptcy Mon, 26 Mar 2018 08:38:22 +0530 https://www.taxtmi.com/highlights?id=38598