![Distribution of Liquidation Proceeds to Secured Creditors Must Be Based on Admitted Claims under IBC S. 53: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Proceedings-under-IBC-Delhi-HC-Insolvency-and-Bankruptcy-Code-taxscan.jpg "Distribution of Liquidation Proceeds to Secured Creditors Must Be Based on Admitted Claims under IBC S. 53: NCLAT [Read Order]")
Distribution of Liquidation Proceeds to Secured Creditors Must Be Based on Admitted Claims under IBC S. 53: NCLAT [Read Order]
According to a ruling by the National Company Law Appellate Tribunal ( NCLAT ) in New Delhi, liquidation profits cannot be allocated based on the...
![Company & Directors Face Penalty from MCA for Non-Compliance with DIN Disclosure in Financial Statements [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Company-Directors-Company-Directors-Face-Penalty-Penalty-MCA-MCA-for-Non-Compliance-DIN-DIN-Disclosure-Financial-Statements-taxscan.jpg "Company & Directors Face Penalty from MCA for Non-Compliance with DIN Disclosure in Financial Statements [Read Order]")
![MCA Penalizes Director for Incomplete Disclosure of Interests [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/MCA-Penalizes-Director-MCA-Incomplete-Disclosure-of-Interests-Disclosure-of-Interests-taxscan.jpg "MCA Penalizes Director for Incomplete Disclosure of Interests [Read Order]")
Withdrawal of Liquidation Application can be Accepted if CoC Permits RP to File Application for CIRP Time Extension: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) New Delhi has held that when the CoC has already taken decision to file an application for extension of CIRP time period then the withdrawal...
![Withdrawal of Liquidation Application can be Accepted if CoC Permits RP to File Application for CIRP Time Extension: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/National-Company-Law-Appellate-Tribunal-NCLAT-CIRP-CoC-withdrawal-of-liquidation-application-IA-Director-of-the-corporate-debtor-liquidation-application-Taxscan.jpg "Withdrawal of Liquidation Application can be Accepted if CoC Permits RP to File Application for CIRP Time Extension: NCLAT [Read Order]")
MCA imposes Rs. 8 lakh Penalty on Private Limited Company for not declaring Significant Beneficial Owner
In the recent order of adjudication passed by the Ministry of Corporate Affairs ( MCA ) Registrar of Companies, a penalty of Rs. 8 lakhs was imposed on the private limited company for not declaring a...
Rejection of Application u/s 9 of IBC Against Hindustan Unilever Limited: NCLAT upholds Order [Read Order]
The National Company Law Appellate Tribunal (NCLAT) bench upheld the order rejecting the application under section 9 of the Insolvency and Bankruptcy Code filed against Hindustan Unilever Limited on...
![Rejection of Application u/s 9 of IBC Against Hindustan Unilever Limited: NCLAT upholds Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/NCLAT-Upholds-Hindustan-Unilever-Limited-Unilever-Limited-Rejection-of-Application-NCLAT-Upholds-order-Upholds-order-National-Company-Law-Appellate-Tribunal-taxscan.jpg "Rejection of Application u/s 9 of IBC Against Hindustan Unilever Limited: NCLAT upholds Order [Read Order]")
![NCLT Orders Liquidation of Go Airlines (India) Limited [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/NCLT-NCLT-Orders-Liquidation-Go-Airlines-Go-Airlines-India-National-Company-Law-Tribunal-NCLT-New-Delhi-Bench-Corporate-Corporate-Debtor-Taxscan.jpg "NCLT Orders Liquidation of Go Airlines (India) Limited [Read Order]")
![Claims u/s 11E of Central Excise Act does not Amount to Secured Debt: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Central-Excise-Act-NCLAT-New-Delhi-National-Company-Law-Appellate-Tribunal-NCLAT-IBC-operational-debt-NCLTs-resolution-plan-Reliance-Taxscan.jpg "Claims u/s 11E of Central Excise Act does not Amount to Secured Debt: NCLAT [Read Order]")
Appeal Delayed Beyond 15 Days Not Condonable as Per Proviso of Section 61(2) of IBC: NCLAT refuses to Condone 19 Days Delay by Kotak Mahindra [Read Order]
In a recent ruling , the New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that delay in filing an appeal beyond 15 days as per section 61(2) proviso of the Insolvency...
![Appeal Delayed Beyond 15 Days Not Condonable as Per Proviso of Section 61(2) of IBC: NCLAT refuses to Condone 19 Days Delay by Kotak Mahindra [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Appeal-Delayed-Condonable-as-Per-Proviso-Per-Proviso-Section-612-of-IBC-IBC-NCLAT-NCLAT-refuses-NCLAT-refuses-to-Condone-Kotak-Mahindra-taxscan.jpg "Appeal Delayed Beyond 15 Days Not Condonable as Per Proviso of Section 61(2) of IBC: NCLAT refuses to Condone 19 Days Delay by Kotak Mahindra [Read Order]")
