Resolution Professional Cannot Be Faulted To Revise Plans Multiple Times As Per Instructions Of CoC: NCLAT

The Kerala High Court held that losses incurred from derivative transactions are not speculative and can be set off against business income. In this case, the Court ruled that derivative transactions made as part of a business activity should be treated as part of the regular business income and not as speculative income. The ruling ensures that businesses can offset such losses against other business-related profits for tax purposes, providing clarity on the treatment of derivative transactions under Indian tax law. The judgment is significant for businesses involved in financial markets and derivatives trading.