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IBBI Launches Revised LIQ Forms for Liquidation Process [Read Circular]

The Insolvency and Bankruptcy Board of India ( IBBI ) has launched revised LIQ forms for the liquidation process, aiming to make compliance easier...

Annual Corporate Law Case Digests : NCLAT Rulings of 2025 [Part 3]

Pre-IBC GST Dues Stand Extinguished After Final NCLT Approval of Resolution Plan: Delhi HC in...

Income Tax Demands Against Empee Distilleries Extinguished After Approval of Resolution Plan: Madras...

BUDS have No Precedence over proceedings under SARFAESI Act or IBC: Kerala HC rules in case of HDB...

Application u/s 9 of IBC can be Rejected on Initiation of Arbitration Proceedings before Issuance of Demand Notice: NCLAT [Read Order]

The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) has decided that the commencement of arbitration proceedings prior to the demand notice being issued under section 8 of the...

IBC - NCLAT - Initiation of Arbitration Proceedings - Issuance of Demand Notice - RA legislation - H&Ss arbitration notice - New Delhi Bench of NCLAT - NCLT - Taxscan

MCA appoints Judicial and Technical members to NCLT Benches [Read Notification]

The Ministry of Corporate Affairs ( MCA ) has issued a notification on January 7, 2025, announcing the appointment of new Judicial and Technical Members to the National Company Law Tribunal ( NCLT ),...

Technical Members - Technical Members to NCLT Benches - MCA Appoints Judicial - taxscan

NCLAT sets aside Admission of S.7 Application upon Finding Transaction was in Nature of 'Operational Debt' [Read Order]

The New Delhi bench of National Company Law Appellate Tribunal ( NCLAT ) have set aside the admission of application under Section 7 of the Insolvency and Bankruptcy Code, 2016, being not...

NCLAT - Operational Debt - Delhi bench of NCLAT - admission of application under Section 7 - Section 7 of the Insolvency & Bankruptcy Code - Counsel for Appellant - Taxscan

Status Report in Criminal Proceeding Have No Bearing on Deciding Application u/s 7 Of IBC: NCLAT [Read Order]

The New Delhi bench of the National Company Law Appellant Tribunal (NCLAT) has held that Status status report submitted in a criminal proceeding regarding allegations of fraud and forgery can have no...

Property Of Personal Guarantors Cannot Be Sold Under SARFAESI Act During Moratorium Period under IBC: NCLT [Read Order]

The Mumbai bench of National Company Law Tribunal (NCLT) has held that property of the personal guarantors cannot be sold by the financial creditor under the Securitisation and...

Property Of Personal Guarantors - SARFAESI - SARFAESI Act - NCLT - National Company Law Tribunal - financial creditor - Insolvency Bankruptcy Code - State Bank of India - Mumbai bench - Taxscan

Director Of Liquidated Company had no Power When RP Took Charge as per IBC: Telangana HC Quashes Proceedings Against Ex-Director Of Company [Read Order]

The High Court of Telangana has held that the director of the liquidated company had no power when Resolution Professional (RP) took charge as per Insolvency Bankruptcy Code (IBC), 2016. The bench...

Director Of Liquidated - Director Of Liquidated Company - RP - IBC - Telangana HC - Ex-Director Of Company - RP Took Charge as per IBC - High Court of Telangana - High Court - Taxscan

Indirect Taxes do not Supersede Orders in CIRP: Andhra Pradesh HC quashes Demand Orders Against Patanjali [Read Order]

In a recent case before Andhra Pradesh High Court the Patanjali’s liabilities under Value-added Taxes (VAT)/ Goods and Services Tax ( GST ) were nullified following the approval of Resolution Plan by...