Admissibility of CIRP petition - Applicant seems to have ...

Tribunal Dismisses CIRP Petition for Concealment of Prior Filing, Imposes Rs. 2,00,000 Cost on Applicant.

August 16, 2019

Case Laws Insolvency and Bankruptcy Tri

Admissibility of CIRP petition - Applicant seems to have deliberately concealed the filing of previous petition before this Tribunal based on the same original transaction - The petition is rejected in limine with cost of ₹ 2,00,000

View Source

← Previous Next →

Admissibility of CIRP petition - Applicant seems to have ...

Tribunal Dismisses CIRP Petition for Concealment of Prior Filing, Imposes Rs. 2,00,000 Cost on Applicant.

August 16, 2019

Case Laws Insolvency and Bankruptcy Tri

You may also like:

The CESTAT upheld the duty demand, confiscation of imported goods for non-fulfilment of export obligation u/s 111(o), imposition of redemption fine u/s 125, and...

Applicability of the Foreign Exchange Regulation Act (FERA) provisions to a non-resident bank and its CEO. The bank was charged with contravening sections 64(2), 6(4),...

The AT set aside penalties of Rs.4,00,000/- and Rs.6,00,000/- imposed on the appellant under FEMA. Despite allegations that the appellant assisted in preparing forged...

Plaintiff contended defendants have no real prospect of successfully defending suit claim. Court held limitation issue raised by defendants requires further examination...

In the case, ITAT decided on two main issues: 1. Addition on account of Gold and Silver Jewellery u/s 69A: Assessee disclosed Rs. 70,00,000 as unexplained investment...

The case involves imposition of penalty on a Customs House Agent (CHA) u/s 114 (iii) of the Customs Act 1962 for misusing drawback benefit through fraudulent exports....

CESTAT upheld reclassification of imported high conductivity copper bus bars from CTI 7407 21 20 to CTI 7407 10 30, resulting in denial of FTA benefits under N/N....

The Appellate Tribunal held that for determining the holding period of a property or calculating long-term capital gains, the date of allotment of the property is...

Appellant failed to submit required documents within stipulated time for provisional duty assessment, contravening Customs (Provisional Duty Assessment) Regulations,...

The Appellate Tribunal found the Appellant Company guilty of contravening u/s 9(1)(a) of FERA 1973 by making payments to a person outside India without RBI permission....

Penalty for cash loan/ transactions against primary co-operatives - Section 269SS / 269T - Relief given to Primary Agricultural Credit Societies (“PACS”) and Primary...

The NCLAT upheld the dismissal of a Section 7 petition filed by the appellant against the corporate debtor (CD), finding it was initiated with malicious intent. The...

Provisional release of detained goods - The department's insistence on a 100% bank guarantee of Rs. 25,00,000/- was deemed arbitrary and onerous, especially considering...

The court held that the tax liability arising from the deletion of additions under the remand order would be less than Rs. 1,00,00,000, rendering the appeal...

The assessment years beyond six years but not exceeding ten years can be reopened u/s 153A only if the Assessing Officer possesses evidence depicting escapement of...

Quick Updates: