![Reassessment Invalid after Approval Of CIRP Resolution: ITAT upholds Deletion of ₹6.41 Cr Addition on Undisclosed Income [Read Order]](https://images.taxscan.in/h-upload/2026/03/12/2128980-reassessment-invalid-after-approval-of-cirp-resolution.webp "Reassessment Invalid after Approval Of CIRP Resolution: ITAT upholds Deletion of ₹6.41 Cr Addition on Undisclosed Income [Read Order]")
Reassessment Invalid after Approval Of CIRP Resolution: ITAT upholds Deletion of ₹6.41 Cr Addition on Undisclosed Income [Read Order]
The Income Tax Appellate Tribunal (ITAT) upheld deleting the addition of ₹6.41 crore on the basis of the undisclosed income was upheld by the Delhi...
![NCLT Initiates Voluntary CIRP Against IMFL Manufacturer a After Establishing ₹1.80 Crore Financial Default [Read Order]](https://images.taxscan.in/h-upload/2026/03/09/2128484-nclt-2jpg.webp "NCLT Initiates Voluntary CIRP Against IMFL Manufacturer a After Establishing ₹1.80 Crore Financial Default [Read Order]")
![NCLT Rejects Shikhar Dhawan’s Insolvency Plea, Citing Contractual Ambiguities in Legends League Cricket Payment Dispute [Read Order]](https://images.taxscan.in/h-upload/2026/03/08/2128389-nclt-shikhar-dhawan-insolvency-plea-contractual-ambiguities-league-cricket-taxscan.webp "NCLT Rejects Shikhar Dhawan’s Insolvency Plea, Citing Contractual Ambiguities in Legends League Cricket Payment Dispute [Read Order]")
![NCLAT Examines Scope of CIRP in IL&FS Default, Considers Project-Wise Resolution for Real Estate Projects [Read Order]](https://images.taxscan.in/h-upload/2026/03/07/2128221-real-estatejpg.webp "NCLAT Examines Scope of CIRP in IL&FS Default, Considers Project-Wise Resolution for Real Estate Projects [Read Order]")
![NCLT Upholds CIRP Over ₹34.6 Crore Default Against IREDA Borrower; Observes No Pre-Existing Dispute Against Financial Creditor [Read Order]](https://images.taxscan.in/h-upload/2026/03/07/2128226-nclt-cirp-against-ireda-borrower-observes-existing-dispute-against-financial-creditor-.webp "NCLT Upholds CIRP Over ₹34.6 Crore Default Against IREDA Borrower; Observes No Pre-Existing Dispute Against Financial Creditor [Read Order]")
NCLT Initiates Voluntary CIRP Against Alcob India Private Limited, Upon ₹65.44 Crore Default Established [Read Order]
The Mumbai Bench of National Company Law Tribunal (NCLT) has allowed the petitions filed under Section 10 of the Insolvency and Bankruptcy Code, 2016 which initiated the Corporate Insolvency...
![NCLT Initiates Voluntary CIRP Against Alcob India Private Limited, Upon ₹65.44 Crore Default Established [Read Order]](https://images.taxscan.in/h-upload/2026/03/07/2128219-insolvencyjpg.webp "NCLT Initiates Voluntary CIRP Against Alcob India Private Limited, Upon ₹65.44 Crore Default Established [Read Order]")
IBBI Disciplinary Committee Holds Resolution Professional Unauthorisedly Reconstited CoC & Filed Misleading Affidavits in Byju’s Parent Company CIRP [Read Order]
The Insolvency and Bankruptcy Board of India’s Disciplinary Committee (DC) has found that resolution professional acted without authority by reconstituting of committee of creditors (CoC) during...
![IBBI Disciplinary Committee Holds Resolution Professional Unauthorisedly Reconstited CoC & Filed Misleading Affidavits in Byju’s Parent Company CIRP [Read Order]](https://images.taxscan.in/h-upload/2026/03/03/2127709-ibbi-disciplinary-committee-holds-resolution-professional-unauthorisedly-reconstited-coc-taxscan.webp "IBBI Disciplinary Committee Holds Resolution Professional Unauthorisedly Reconstited CoC & Filed Misleading Affidavits in Byju’s Parent Company CIRP [Read Order]")
Simultaneous CIRP Against Principal Borrower & Corporate Guarantor Permissible: Supreme Court Clarifies No Mandatory ‘Election’ of Claims [Read Order]
In a major ruling, the Supreme Court held that simultaneous CIRP proceedings under the Insolvency and Bankruptcy Code (IBC) can be started against both the principal borrower and the corporate...
![Simultaneous CIRP Against Principal Borrower & Corporate Guarantor Permissible: Supreme Court Clarifies No Mandatory ‘Election’ of Claims [Read Order]](https://images.taxscan.in/h-upload/2026/03/03/2127657-simultaneous-cirp-against-principal-borrowerjpg.webp "Simultaneous CIRP Against Principal Borrower & Corporate Guarantor Permissible: Supreme Court Clarifies No Mandatory ‘Election’ of Claims [Read Order]")
IBBI Flags Insolvency Professional for Operating CIRP Account Post-Liquidation, Rejects Procedural Objections [Read Order]
The Insolvency andBankruptcy Board of India’s (IBBI) Disciplinary Committee (DC) has dismissed preliminary objections raised by an Insolvency Professional (IP) in proceedings arising from his role...
![IBBI Flags Insolvency Professional for Operating CIRP Account Post-Liquidation, Rejects Procedural Objections [Read Order]](https://images.taxscan.in/h-upload/2026/03/02/2127597-ibbi-flags-insolvency-professional-for-operating-cirp-account-post-liquidationjpg.webp "IBBI Flags Insolvency Professional for Operating CIRP Account Post-Liquidation, Rejects Procedural Objections [Read Order]")
CIRP u/s 7 IBC Not Maintainable Where Corporate Guarantee Is Capped Below ₹1 Cr: NCLAT [Read Order]
In a recent decision, the Principal Bench of the National Company Law Appellate Tribunal (NCLAT), New Delhi held that the initiation of Corporate Insolvency Resolution Process (CIRP) under Section 7...
![CIRP u/s 7 IBC Not Maintainable Where Corporate Guarantee Is Capped Below ₹1 Cr: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2026/02/28/2127420-cirp-ibc-not-maintainable-corporate-guarantee-is-capped-below-nclat-.webp "CIRP u/s 7 IBC Not Maintainable Where Corporate Guarantee Is Capped Below ₹1 Cr: NCLAT [Read Order]")
![Provident Fund Claims Raised During Moratorium Unsustainable: NCLAT Rejects EPFO’s Appeal [Read Order]](https://images.taxscan.in/h-upload/2026/02/24/2126850-provident-fund-claims-nclat-rejects-epfos-appeal.webp "Provident Fund Claims Raised During Moratorium Unsustainable: NCLAT Rejects EPFO’s Appeal [Read Order]")
RTI Queries Seeking Confirmation of Right Person for CIRP Payments Not Covered u/s 2(f): IBBI [Read Notification]
The First Appellate Authority of the Insolvency and Bankruptcy Board of India (IBBI) has held that queries seeking confirmation of the “right person” to receive payments during a Corporate Insolvency...
![RTI Queries Seeking Confirmation of Right Person for CIRP Payments Not Covered u/s 2(f): IBBI [Read Notification]](https://images.taxscan.in/h-upload/2026/02/14/2125140-rti-queries-seeking-confirmation-of-right-person-for-cirp-payments-not-covered-us-2f-ibbi.webp "RTI Queries Seeking Confirmation of Right Person for CIRP Payments Not Covered u/s 2(f): IBBI [Read Notification]")