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RTI Queries Seeking Confirmation of Right Person for CIRP Payments Not Covered us 2(f) IBBI - Taxscan

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”...

From 54,000 Filings to 48,000 Resolutions: NCLT Chief Bows Out after Transforming Tribunal...

Share Capital Reduction u/s 66 a Matter of Domestic Concern of Company: NCLAT upholds Capital...

No Grounds made out to Interfere with Impugned Order: NCLAT Upholds Rejection of Resolution Plan...

Pending Challenge to CoC Constitution Not a Bar on RP Appointment u/s 27: NCLAT [Read Order]

NCLAT sets aside Dismissal of S. 95 IBC Pleas Filed by Canara Bank against Personal Guarantors[Read Order]

The National Company Law Appellate Tribunal (NCLAT), Principal Bench at New Delhi, has set aside an order dismissing applications filed by Canara Bank under Section 95 of the Insolvency and Bankruptcy...

Guarantors Misused Moratorium to Stall SARFAESI Recovery: NCLAT Upholds Dismissal of Repeat S. 94 Petitions [Read Order]

In a recent ruling, national company law appellate tribunal (NCLAT) Delhi has dismissed the appeals, holding that the repeated section 94 petitions under the Insolvency and Bankruptcy Code (IBC) to...

Section 7 IBC Threshold of 100 or 10% Allottees Applies at Filing Stage: NCLAT allows Homebuyers’ Plea [Read Order]

In a recent ruling, the National Company Law Appellate Tribunal (NCLAT) Delhi allowed the appeal of 115 homebuyers, ruling that the threshold requirement under section 7 of the Insolvency and...

90% Unsecured Creditor Consent Sufficient To Dispense with Meetings u/s 230(9): NCLAT [Read Order]

The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has held that if unsecured creditors with at least 90% of the value have already given their consent by affidavit,...

NCLT Has Exclusive Jurisdiction Over Debt and Fraud, No Need for Civil Court once IBC is Invoked: Delhi HC [Read Judgment]

In a recent ruling, the Delhi High Court held that once insolvency proceedings are initiated under the Insolvency and Bankruptcy Code, 2016, the National Company Law Tribunal has exclusive...

Parallel Proceedings under Income Tax not Permissible when NCLT approves Resolution Plan: ITAT [Read Order]

In a recent ruling, the Income Tax Appellate Tribunal (ITAT), Delhi, held that once a Resolution Plan is approved by the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy...

NCLT Holds CGST Superintendent Guilty of Contempt on Account of Non‑Compliance with Refund Directions During Moratorium [Read Order]

The National Company Law Tribunal (NCLT), Indore Bench, has held that a Central Goods andServices Tax (CGST) Superintendent was guilty of contempt as he did not comply with the refund directions...