Delhi 383. Therefore, it was strongly argued by him that no enforceable debt was created in favour of the non-resident parent company and consequently ... enforceable agreement i.e., a valid contract. An agreement which is not enforceable is void in the eye of law and, therefore, no enforceable debt
Application filed by the Operational Creditor was an
Application as a debt enforcement measures against the solvent
company for recovery of a debt ... filed by the Operational Creditor was virtually an Application for debt
enforcement measures or the Application was filed for resolution of any
insolvency
Application filed by the Operational Creditor was an
Application as a debt enforcement measures against the solvent
company for recovery of a debt ... filed by the Operational Creditor was virtually an Application for debt
enforcement measures or the Application was filed for resolution of any
insolvency
been held that income accrues on the date when an enforceable debt is created in favour of the assessee. Once such right is acquired then ... terminated.
The perusal of the above covenants clearly shows that the enforceable debt was not only created in favour of the assessee
amount was paid by his clients. He submits that no enforceable debt was created in favour of assessee till the amount was realized from ... settled legal position that income accrues when an enforceable debt is created in favour of the assessee. In other words, income accrues when the assessee
such right can be said to have been acquired when an enforceable debt is created in favour of the assessee. This legal position has been ... such provisions. Therefore, the moment the refund is granted, as enforceable debt is created in favour of assessee in respect of interest due on such
such right can be said to
have been acquired when an enforceable debt is created in
favour of the assessee. This legal position has been ... such provisions. Therefore, the moment
the refund is granted, as enforceable debt is created in favour
of assessee in respect of interest due on such
such right can be said to
have been acquired when an enforceable debt is created in
favour of the assessee. This legal position has been ... such provisions. Therefore, the moment
the refund is granted, as enforceable debt is created in favour
of assessee in respect of interest due on such
such right
can be said to have been acquired when an enforceable debt is created
in favour of the assessee. This legal position has been ... such
provisions. Therefore, the moment the refund is granted, an
enforceable debt is created in favour of assessee in respect of interest
due on such
Section 25 of the Contract Act, the time barred debt
becomes enforceable. The Sub-section (3) of Section 25 of the
Contract Act does ... payment could be enforced by a suit, it means that it still has the
character of legally enforceable debt as contemplated by the
explanation under
