Failure to complete CIRP in Time Bound Manner: NCLAT approves Reduced Fee payable to RP
The New Delhi bench of the National Company Law Appellate Tribunal( NCLAT ) approved the reduced Fee payable to Resolution Process(RP) on failure to...
![Suspension of CIRP u/s 10A of IBC applies to Due Defaulted on 31/3/2020: NCLAT allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Suspension-of-CIRP-CIRP-IBC-NCLAT-allows-Appeal-NCLAT-Appeal-Suspension-Taxscan.jpg "Suspension of CIRP u/s 10A of IBC applies to Due Defaulted on 31/3/2020: NCLAT allows Appeal [Read Order]")
RP not Entitled to Fees Beyond Sum already Received Since Insolvency Proceedings was Withdrawn: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal( NCLAT ) held that Resolution Professional(RP)is not entitled to fees beyond sum already received since insolvency proceedings...
![RP not Entitled to Fees Beyond Sum already Received Since Insolvency Proceedings was Withdrawn: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/RP-Entitled-Sum-Received-Since-Insolvency-Withdrawn-NCLAT-TAXSCAN.jpg "RP not Entitled to Fees Beyond Sum already Received Since Insolvency Proceedings was Withdrawn: NCLAT [Read Order]")
MCA allows 1,270 applications from CA and CS professional Institutions to Merge Multiple IDs in V-2 Portal with new user ID in V-3
The Ministry of Corporate Affairs has allowed 1,270 applications from the Chartered Accountants (CA) and Company Secretary (CS) professional institutions to merge the multiple IDs in the V2 portal...
The settlement Entered by KNCEL and NHAI for Foreclosure of Concession Agreement relating to Kiratpur was in Accordance with Approved Resolution Framework about ILF&S: NCLAT
The Delhi bench of the National Company Law Appellate Tribunal(NCLAT) has held that settlement entered by Kiratpur Ner Chowk Expressway Limited (KNCEL) and National Highways Authority of India (NHAI)...
Memorandum of Compromise Entered by Operational Creditor and Resigned Director of Corporate Debtor is not valid: NCLAT upholds Order of NCLT in Favour of SBI
The Chennai bench of the National Company Law Appellate Tribunal (NCLAT) has held that memorandum of Compromise entered by the operational creditor and resigned director of the corporate debtor is...
Audit Lapses: NFRA Bars Auditor of Bartronics India for 10 Years, Imposes Fine of 5 Lakh Rupees [Read Order]
The National Financial Reporting Authority (NFRA) barred the auditor of Bartronics India for 10 Years, Imposes Fine of 5 Lakh Rupees on the ground of audit lapses. Pursuant to the information...
![Audit Lapses: NFRA Bars Auditor of Bartronics India for 10 Years, Imposes Fine of 5 Lakh Rupees [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Audit-Lapses-NFRA-Bars-Auditor-Bartronics-India-for-10-Years-Imposes-Fine-of-5-Lakh-Rupees-Taxscan.jpg "Audit Lapses: NFRA Bars Auditor of Bartronics India for 10 Years, Imposes Fine of 5 Lakh Rupees [Read Order]")
Dues Payable to Secured Creditors are at Higher Footing Than Electricity Dues: Supreme Court [Read Judgment]
The Supreme Court has held that dues payable to secured creditors are at a higher footing than electricity dues and ruled that Section 238 of the Insolvency and Bankruptcy Code overrides the...
![Dues Payable to Secured Creditors are at Higher Footing Than Electricity Dues: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2023/07/Dues-Payable-Secured-Creditors-Higher-Footing-Electricity-Dues-Supreme-Court-TAXSCAN.jpg "Dues Payable to Secured Creditors are at Higher Footing Than Electricity Dues: Supreme Court [Read Judgment]")
