Inclusion Or Exclusion Of Allowances In Deceased’s Salary To Be Determined By MACT On Facts & Extent Of Dependency: Supreme Court

Inclusion Or Exclusion Of Allowances In Deceased’s Salary To Be Determined By MACT On Facts & Extent Of Dependency: Supreme Court

The Supreme Court has ruled that while determining whether the allowances form a part of the salary or not, the Motor Vehicle Accident Claims Tribunal by looking into the facts of each case and by considering the extent of dependency of the claimants on the salary of the deceased including the allowances, has to determine…

Read More
Related Party Status Must Be Determined On When Insolvency Proceedings Commence, Not By Historical Facts: NCLT Ahmedabad

Related Party Status Must Be Determined On When Insolvency Proceedings Commence, Not By Historical Facts: NCLT Ahmedabad

The National Company Law Tribunal, Ahmedabad bench of Mr. Shammi Khan (Judicial Member) and Mr. Sanjeev Kumar Sharma (Technical Member), held that related party status as per the Insolvency & Bankruptcy Code must be determined on the date of commencement of Insolvency Proceedings and not based on historical roles. Background Facts: The Corporate Debtor, Sebacic…

Read More