142 Days Delay in Filing Appeal is not Condonable u/s 62 of Insolvency Bankruptcy Code: Supreme Court dismisses Petition [Read Order]
The Supreme Court of India Dismisses the civil appeal filed by the state revenue department as the delay of 142 days is more excessive than the delay...
![IBBI Introduces Key Amendments to Liquidation Process Regulations [Read Circular]](https://www.taxscan.in/wp-content/uploads/2024/03/IBBI-IBBI-new-amendments-Liquidation-Process-Regulations-Liquidation-process-TAXSCAN.jpg "IBBI Introduces Key Amendments to Liquidation Process Regulations [Read Circular]")
Lender Banks must Furnish Copy of Audit Reports before Classifying Loan Account as Fraud: Gujarat HC [Read Order]
The Gujarat High Court observed that lender banks must furnish copy of audit reports before classifying loan account as fraud. The petitioners are the promoters, suspended directors and share...
Claim submitted by RP under CIRP with Proof cannot be Overlooked on mere submission in Wrong Form: Supreme Court [Read Judgement]
In a significant ruling the Supreme Court held that the claim submitted by the Resolution Professional ( RP ) under the Corporate Insolvency Resolution Process ( CIRP ) with proof cannot be...
Moratorium u/s 14 of IBC imposed legal 'Embargo' not only on Financial Creditors but on any other person for Sale of Assets in CIRP: NCLT [Read Order]
The Hyderabad bench of the National Company Law Tribunal ( NCLT ) has held that a Moratorium under section 14 of the Insolvency Bankruptcy Code ( IBC ),2016 imposed a legal 'Embargo' not only on...
Interim Resolution Professional can Continue to Function till Date of Appointment of Resolution Professional: NCLT
The Indore Bench of the National Company La Tribunal ( NCLT ) observed that the interim resolution professional can continue to function till the date of appointment of the resolution professional. ...
