NCLT Allows Liquidation of Phalcom Infra Solutions Pvt Ltd [Read Order]
In a recent case, the Mumbai bench of the National Company Law Tribunal (NCLT) allowed the liquidation of Phalcom Infra Solutions Pvt Ltd. The...
![Liquidation under IBC can be ordered in Absence of Pending CIRP: NCLAT [Read Order]](https://images.taxscan.in/h-upload/2025/08/27/250x150_2081002-liquidation-under-ibc-ibc-absence-of-pending-cirp-taxscan.webp "Liquidation under IBC can be ordered in Absence of Pending CIRP: NCLAT [Read Order]")
![NCLAT Upholds Liquidation Proceedings as SRA Fails to Secure Regulatory Approvals Within Stipulated Timeline [Read Order]](https://images.taxscan.in/h-upload/2025/06/27/250x150_2055151-nclat-nclat-upholds-liquidation-liquidation-proceedings-taxscan.webp "NCLAT Upholds Liquidation Proceedings as SRA Fails to Secure Regulatory Approvals Within Stipulated Timeline [Read Order]")
![SEBI Extends Additional Liquidation Period for Migrating Venture Capital Funds to AIF Regulations [Read Circular]](https://images.taxscan.in/h-upload/2025/06/07/250x150_2041605-sebi-site-img-1.webp "SEBI Extends Additional Liquidation Period for Migrating Venture Capital Funds to AIF Regulations [Read Circular]")
![Mere issuance of Liquidation Notice before Master Directions does not negate Obligation to comply with Directions in Judgment: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/liquidation-notice.jpg "Mere issuance of Liquidation Notice before Master Directions does not negate Obligation to comply with Directions in Judgment: Kerala HC [Read Order]")
Withdrawal of Liquidation Application can be Accepted if CoC Permits RP to File Application for CIRP Time Extension: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) New Delhi has held that when the CoC has already taken decision to file an application for extension of CIRP time period then the withdrawal of...
![Withdrawal of Liquidation Application can be Accepted if CoC Permits RP to File Application for CIRP Time Extension: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/National-Company-Law-Appellate-Tribunal-NCLAT-CIRP-CoC-withdrawal-of-liquidation-application-IA-Director-of-the-corporate-debtor-liquidation-application-Taxscan.jpg "Withdrawal of Liquidation Application can be Accepted if CoC Permits RP to File Application for CIRP Time Extension: NCLAT [Read Order]")
No Prior NOC from Stock Exchanges Required for Revival Schemes of Companies in Liquidation Under LODR Regulation 37(1)(2): NCLAT [Read Notification]
The Delhi bench of the National Company Law Appellate Tribunal (NCLAT) ruled that no prior No-Objection Certificate (NOC) from stock exchanges is required for revival schemes of companies in...
Absence of Adverse Comments in Audit Report: Andhra HC allows Application for Half-Yearly Accounts in Liquidation u/s 462 of Companies Act [Read Order]
The High Court of Andhra Pradesh has allowed the company application filed under Section 462 of the Companies Act, 1956, read with Rule 298 and Rule 306 of the Companies (Court) Rules, 1959, due to...
Tax Dues can be Recovered from Directors of Private Company u/s 39 of KVAT Act: Kerala HC [Read Order]
The Kerala High Court held that tax dues can be recovered from directors of private company under Section 39 of the Kerala Value Added Tax Act, 2003 ( KVAT Act ). The petitioners are the directors...
Operating Bank account of CD which is under Liquidation Estate by RP is of Grave Nature : IBBI Suspends RP for 2 Years [Read Order]
The Insolvency and Bankruptcy Board of India (IBBI) has suspended the registration of the Resolution professional (RP) for operating the bank account of the Corporate Debtor (CD). The board...
Purchase of Shares in company under Liquidation not deemed Benami Property Ownership: Supreme Court condones delay in filing Civil Appeal [Read Judgement]
The Supreme Court of India has held that the purchase of shares in a company under liquidation does not automatically confer ownership of benami property to the company itself. The ruling came in...
![Purchase of Shares in company under Liquidation not deemed Benami Property Ownership: Supreme Court condones delay in filing Civil Appeal [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/10/Purchase-of-Shares-in-company-Liquidation-Benami-Property-Ownership-Benami-Property-Civil-Appeal-condones-delay-Supreme-Court-taxscan.webp "Purchase of Shares in company under Liquidation not deemed Benami Property Ownership: Supreme Court condones delay in filing Civil Appeal [Read Judgement]")