![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]")
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...
![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]](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]](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]](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]")
No S.263 Notice after Resolution Plan Approval on Extinguishment of Corporate Debtor’s Tax Liabilities: Gujarat HC [Read Order]
The Gujarat High Court recently ruled that the Principal Commissioner of Income Tax (PCIT) could not issue a notice under Section 263 of the Income Tax Act, 1961 to revise the assessment order of an...
![No S.263 Notice after Resolution Plan Approval on Extinguishment of Corporate Debtor’s Tax Liabilities: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ujarat-HC-Tax-Ruling-S.263-Notice-IBC-Corporate-Debtor-Tax-Relief-taxscan-.jpg "No S.263 Notice after Resolution Plan Approval on Extinguishment of Corporate Debtor’s Tax Liabilities: Gujarat HC [Read Order]")