The Supreme Court of India in a recent decision ruled that the moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 ( IBC ) is not bar to execute a decree against directors/officers

The Supreme Court of India has dismissed an appeal filed against the order of the National Company Law Appellate Tribunal ( NCLAT ) due to a delay of 142 days, citing the ground of limitation

The Karnataka High Court has held that filing a petition against a partnership firm or its Directors under Section 95 of the Insolvency and Bankruptcy Code, 2016, before the National Company Law Tribunal is not

SUPREME COURT Services Rendered with Procurement of Goods for Exports are not to be categorised as intermediary services: Supreme Court Dismisses Appeal COMMISSIONER OF G.S.T. AND CENTRAL EXCISE vs M/S SNQS INTERNATIONAL SOCKS PRIVATE LIMITED

The Supreme Court of India Dismisses the civil appeal filed by the state revenue department as the delay of 142 days is more excessive than the delay condonable under  Section 62 of the Insolvency and

The Supreme Court viewed that resolution applicant cannot withdraw or modify the resolution plan after approved by committee of creditors. The court held that the resolution plan, as submitted by the successful resolution applicants –

The Insolvency and Bankruptcy Board of India ( IBBI ) is the regulator for overseeing insolvency proceedings and entities like Insolvency Professional Agencies ( IPA ), Insolvency Professionals (IP) and Information Utilities (IU) in India.

The Mumbai Bench of the National Company Law Tribunal ( NCLT ) observed that Resolution Professional is accountable for his biased conduct. The present Application was preferred by the Bank of India, one of the

The Chennai Bench of the National Company Law Tribunal ( NCLT ) held that adjudicating authority under the Insolvency and Bankruptcy Code, 2016 ( IBC ) is not appropriate forum to decide revocation of attachment

The Chandigarh Bench of the National Company Law Tribunal ( NCLT ) observed that the requirement of satisfying the minimum threshold will be applicable to any amount raised from allottee. The present petition has been

The Insolvency And Bankruptcy Board of India(IBBI) found that the Insolvency Professional(IP) failed to assist in the liquidation process and suspended the registration for 2 Years. Show Cause Notice (SCN) was issued to an Insolvency

The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) observed that advance paid by speculative buyer in real estate not financial debt under the Insolvency and Bankruptcy Code, 2106 (

This is the weekly round of the Income Tax Appellate Tribunal ( ITAT ) that were published at Taxscan.in from March 09, 2024  to March 15 are analytically summarized in this Round-Up. Relief to Toyota

The Insolvency and Bankruptcy Board of India has amended corporate insolvency resolution process ( CIRP ) regulations with effect from 15th day of February, 2024. Procedures for Voting: The CoC is empowered to decide the

The Insolvency and Bankruptcy Board of India (IBBI) has issued a circular on withdrawal of unclaimed or undistributed amounts of corporate voluntary liquidation account. Regulation 39 of the Insolvency and Bankruptcy Board of India (Voluntary