account of sale of
old scrap and the same being capital asset beyond the purview of section 41(1) . In
another submission ... before us contended that loan liability was representing against
the fixed assets being capital in nature. Therefore, the provisions of section
interregnum, there
is every possibility of Oppo moving its resources and assets beyond
the territorial jurisdiction of this Court, which may result in a fait
relevant information in
respect of assets available in the name of his wife. Petitioner
has accumulated disproportionate assets beyond non-source
of his income
these cases the respondent authorities have retained the seized
assets beyond the period of 120 days. The orders passed by the
respondent authorities beyond such ... which are
challenged in the present group of petitions retaining the assets
beyond the period of 120 days are hereby quashed and set aside
have any significant savings or assets
beyond co-ownership in a flat costing Rs 18 lakhs; (b) that PKP was aa dummy director
being a public servant, found to be in possession of
assets beyond the disclosed source of income. The FIR was also filed
Signature Not Verified
year before or two years after the date of transfer of earlier asset or
the same has been utilized for construction of residential house within ... utilized for the purpose of purchase of new asset beyond the
period of two years from date of transfer of original asset. Thus, in view
entered into by such
corporate debtor--
(a) for keeping assets of the corporate debtor beyond the
reach of any person who is entitled to make ... executed for a period of 29 years for keeping
assets of the corporate debtor beyond the reach of the
financial creditor and further to adversely
made out on the basis of location of assets is beyond the
provisions of the Act. In rare circumstances, the location of assets have been ... invocation of the Guarantee Letter in August, 2019, is thus,
much beyond the period of limitation.
ANALYSIS
41. The Court has heard the counsel
short period is left for completion of the insolvency resolution process beyond 330 days, and that it would be in the interest of all stakeholders ... outer limit within which resolution of the stressed assets of the corporate debtor must take place beyond which the corporate debtor is to be driven
