CIRP Petition can be rejected on Failure of Operational Creditors to Comply with S. 69(2) of Indian Partnership Act: NCLT [Read Order]
The Hyderabad bench of the National Company Law Tribunal ( NCLT ) dismissed a Section 9 application filed under the Insolvency and Bankruptcy Code,...
![No Legal Proceedings could be Institute by CGST Dept on Property of Corporate Debtor Once Liquidated By NCLT: Himachal Pradesh HCÂ [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Himachal-Pradesh-High-Court-NCLT-National-Company-Law-Tribunal-CGST-Dept-Property-of-Corporate-Debtor-taxscan.jpg "No Legal Proceedings could be Institute by CGST Dept on Property of Corporate Debtor Once Liquidated By NCLT: Himachal Pradesh HCÂ [Read Order]")
![Indirect Taxes do not Supersede Orders in CIRP: Andhra Pradesh HC quashes Demand Orders Against Patanjali [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Andhra-Pradesh-High-Court-Andhra-Pradesh-HC-GST-Goods-and-Services-Tax-VAT-Value-added-Taxes-Indirect-Taxes-NCLT-National-Company-Law-Tribunal-CIRP-Patanjali-High-Court-news-taxscan.jpg "Indirect Taxes do not Supersede Orders in CIRP: Andhra Pradesh HC quashes Demand Orders Against Patanjali [Read Order]")
Cinema Ticket Price not Reduced after GST Rate Reduction, Profiteered Rs.54.4L: CCI Orders to Deposit Profiteered Amount with Interest [Read Order]
The Competition Commission of India ( CCI ) confirmed the violation, wherein the respondent did not lower ticket prices Post-Goods and Services Tax ( GST ) rate reduction, resulting in undue Rs. 54.4...
CIRP Moratorium Period u/s 14 of IBC excluded from limitation period for Filing Application u/s 34 of Arbitration Act: Calcutta HC [Read Order]
In a recent judgment, the Calcutta High Court ruled that the moratorium period under Section 14 of the Insolvency and Bankruptcy Code ( IBC ) during the Corporate Insolvency Resolution Process ( CIRP...
NCLT Rules Resolution Applicants Not Liable for Post-Plan Approval Costs Excluded from Corporate Debtor's Financial Records [Read Order]
In a significant ruling, the National Company Law Tribunal ( NCLT ) of Mumbai bench has held that no liability can be imposed on the Successful Resolution Applicant after the approval of the plan by...
Insolvency Proceedings of Corporate Guarantor will not prevent Creditor in Filing CIRP against Corporate Debtor for Balance Debt: Supreme Court [Read Judgement]
In a significant decision, the Supreme Court held that a corporate guarantor's insolvency resolution under the Insolvency & Bankruptcy Code ( IBC ) of 2016 will not prevent the creditor from...
