NCLAT directs to Modifies Resolution Plan by compliance with provision of section 30(2)(b)(ii) of IBC [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) directed to modify the resolution plan passed by the adjudication authority...
Trademark Hypothecated for Higher Amount and Subsequently Assigned for Lower is not Undervalued Transaction: NCLAT
The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) held that trademark hypothecated for higher amount and subsequently assigned for lower not undervalued transaction. All...
![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...
