![MCA Penalizes Company and Directors for Failing to Address Auditor’s Remarks in Board Reports for FY 2017-18 and 2018-19 [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Auditors-MCA-Penalizes-MCA-taxscan.jpg "MCA Penalizes Company and Directors for Failing to Address Auditor’s Remarks in Board Reports for FY 2017-18 and 2018-19 [Read Order]")
MCA Penalizes Company and Directors for Failing to Address Auditor’s Remarks in Board Reports for FY 2017-18 and 2018-19 [Read Order]
In the adjudication passed by the Ministry of Corporate Affairs (MCA) Registrar of Companies under Section 454 of the Companies Act, 2013, a penalty...
![No Bail in Corporate Fraud u/s 447 of Companies Act Without Satisfying Two Key Conditions: Supreme Court [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2025/04/corporate-fraud.jpg "No Bail in Corporate Fraud u/s 447 of Companies Act Without Satisfying Two Key Conditions: Supreme Court [Read Judgement]")
![MCA Imposes Penalty on Company and Directors for Non-Compliance with S.118(10) of Companies Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/MCA-penalty.jpg "MCA Imposes Penalty on Company and Directors for Non-Compliance with S.118(10) of Companies Act [Read Order]")
![Non-Filing of Balance Sheet for 3 Consecutive Years: MCA imposes Penalty on Company and Directors [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/MCA-Penalty-on-Company-and-Directors-MCA-penalty-for-non-filing-balance-sheet-TAXSCAN.jpg "Non-Filing of Balance Sheet for 3 Consecutive Years: MCA imposes Penalty on Company and Directors [Read Order]")
![Application u/s 9 of IBC cannot be rejected solely on ground of Decree Obtained by Operational Creditor: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/IBC-Operational-Creditor-NCLAT-TAXSCAN.jpg "Application u/s 9 of IBC cannot be rejected solely on ground of Decree Obtained by Operational Creditor: NCLAT [Read Order]")
No Bar on CoC’s from Seeking Multiple Modifications or Revisions of Resolution Plans: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench has ruled that the Committee of Creditors (CoC) has the authority to request changes or revisions to the Resolution Plans that the...
![No Bar on CoC’s from Seeking Multiple Modifications or Revisions of Resolution Plans: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/No-Bar-CoC-Seeking-Multiple-Modifications-Revisions-Resolution-Plans-NCLAT.jpg "No Bar on CoC’s from Seeking Multiple Modifications or Revisions of Resolution Plans: NCLAT [Read Order]")
Dissenting Financial Creditors are Entitled to Receive Payments on Pro-Rata Basis of Resolution Plan Value: NCLAT [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) Chennai bench ruled that, instead of receiving the liquidation value, dissident financial creditors should be paid on pro- Rata Basis of the...
![Dissenting Financial Creditors are Entitled to Receive Payments on Pro-Rata Basis of Resolution Plan Value: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/NCLAT-Chennai-Resolution-Plan-Financial-Creditors-taxscan.jpg "Dissenting Financial Creditors are Entitled to Receive Payments on Pro-Rata Basis of Resolution Plan Value: NCLAT [Read Order]")
Relief for Zee Entertainment: NCLAT Dismisses IDBI’s Insolvency Plea Citing S.10A COVID-Time Default Protection [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) ruled that an insolvency application filed by IDBI Bank Limited against Zee Entertainment Enterprises Ltd. (ZEE) was not...
![Relief for Zee Entertainment: NCLAT Dismisses IDBI’s Insolvency Plea Citing S.10A COVID-Time Default Protection [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/NCLAT-Zee-Entertainment-case-NCLAT-New-Delhi-TAXSCAN-1.jpg "Relief for Zee Entertainment: NCLAT Dismisses IDBI’s Insolvency Plea Citing S.10A COVID-Time Default Protection [Read Order]")
Liquidation Order u/s 33 of IBC Cannot be Set Aside Once Successful Auction Purchaser Taken Possession of Property of Corporate Debtor: NCLAT [Read Order]
The Chennai bench of the National Company Law Appellate Tribunal (NCLAT) has held that once the Successful Auction Purchaser has acquired the corporate debtor's assets as a result of the liquidator's...
![Liquidation Order u/s 33 of IBC Cannot be Set Aside Once Successful Auction Purchaser Taken Possession of Property of Corporate Debtor: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Liquidation-Order-IBC-Corporate-Debtor-NCLAT-TAXSCAN.jpg "Liquidation Order u/s 33 of IBC Cannot be Set Aside Once Successful Auction Purchaser Taken Possession of Property of Corporate Debtor: NCLAT [Read Order]")
Assets Reflected in Balance Sheet of Corporate Debtor are Part of Liquidation Estate u/s 36 of IBC: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has ruled that, in accordance with Section 36 of the Insolvency and Bankruptcy Code, 2016 (Code), all assets shown on the...
![Assets Reflected in Balance Sheet of Corporate Debtor are Part of Liquidation Estate u/s 36 of IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/NCLAT-1-1.jpg "Assets Reflected in Balance Sheet of Corporate Debtor are Part of Liquidation Estate u/s 36 of IBC: NCLAT [Read Order]")
NCLT Cannot Suo Moto Amend Date of Default in Insolvency Application Unless Amendment Application is Filed: NCLAT [Read Order]
The Adjudicating Authority cannot suo moto change the date of default specified in the insolvency application unless an amendment application is filed, according to the National Company Law Appellate...
![NCLT Cannot Suo Moto Amend Date of Default in Insolvency Application Unless Amendment Application is Filed: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/NCLAT-Insolvency-Application-Default-in-Insolvency-Application-taxscan.jpg "NCLT Cannot Suo Moto Amend Date of Default in Insolvency Application Unless Amendment Application is Filed: NCLAT [Read Order]")
Breach of Settlement Agreement Does Not Bar Financial Creditors from Filing Application u/s 7 of IBC: NCLAT [Read Order]
The bench of the National Company Law Appellate Tribunal (NCLAT) in New Delhi has ruled that financial creditors who have signed a settlement agreement with the corporate debtor that was later broken...
![Breach of Settlement Agreement Does Not Bar Financial Creditors from Filing Application u/s 7 of IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Settlement-Agreement.jpg "Breach of Settlement Agreement Does Not Bar Financial Creditors from Filing Application u/s 7 of IBC: NCLAT [Read Order]")