![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]")
Non-Filing of Balance Sheet for 3 Consecutive Years: MCA imposes Penalty on Company and Directors [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...
![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]](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]](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]](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]")
![NCLAT Upholds Liquidation of Go Airlines [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/NCLAT-NCLAT-Upholds-Liquidation-of-Go-Airlines-Liquidation-of-Go-Airlines-Go-Airlines-ITAT-Delhi-taxscan.jpg "NCLAT Upholds Liquidation of Go Airlines [Read Order]")
Appeal u/s 61 of IBC can be filed by Personal Guarantors against order Initiating PIRP: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench has held that as the National Company Law Tribunal (NCLT) is the proper forum for starting insolvency proceedings against personal...
![Appeal u/s 61 of IBC can be filed by Personal Guarantors against order Initiating PIRP: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Appeal-section-61-Appeal-Section-61-of-IBC-IBC-filed-by-Personal-Guarantors-Personal-Guarantors-taxscan.jpg "Appeal u/s 61 of IBC can be filed by Personal Guarantors against order Initiating PIRP: NCLAT [Read Order]")
Adjudicating Authority cannot Accept Report of RP without Independent Assessment u/s 100 of IBC: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench has held that the Adjudicating Authority, while considering the report of the Resolution Professional must conduct its own...
![Adjudicating Authority cannot Accept Report of RP without Independent Assessment u/s 100 of IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Adjudicating-Authority-Accept-Report-RP-Independent-Assessment-IBC-NCLAT-taxscan.jpg "Adjudicating Authority cannot Accept Report of RP without Independent Assessment u/s 100 of IBC: NCLAT [Read Order]")