![Power to file Application u/s 7 of the IBC can be delegated by AGM to GM: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Power-file-Application-IBC-AGM-GM-NCLT-taxscan.jpg "Power to file Application u/s 7 of the IBC can be delegated by AGM to GM: NCLT [Read Order]")
Power to file Application u/s 7 of the IBC can be delegated by AGM to GM: NCLT [Read Order]
The Delhi Bench of the National Company Law Tribunal (NCLT) has held that the power to file application u/s 7 of the Insolvency and Bankruptcy Code,...
![Misconduct of Resolution Professional: IBBI imposes Penalty for Lapses in following Procedure [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Misconduct-Resolution-IBBI-Penalty-TAXSACN.jpg "Misconduct of Resolution Professional: IBBI imposes Penalty for Lapses in following Procedure [Read Order]")
![IBBI notifies Amendment to IBBI (Liquidation Process) (Second Amendment) Regulations, 2022 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/09/IBBI-Second-Amendment-Regulations-taxscan.jpeg "IBBI notifies Amendment to IBBI (Liquidation Process) (Second Amendment) Regulations, 2022 [Read Notification]")
![Income Tax Appeal not Maintainable during the pendency of IBC Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Income-Tax-Appeal-IBC-Proceedings-ITAT-taxscan.jpg "Income Tax Appeal not Maintainable during the pendency of IBC Proceedings: ITAT [Read Order]")
![Income Tax proceedings against CIRP: Delhi HC stays Demand and Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Income-Tax-CIRP-Delhi-HC-Demand-Penalty-Taxscan.jpeg "Income Tax proceedings against CIRP: Delhi HC stays Demand and Penalty [Read Order]")
IBBI amends Insolvency Resolution Process for Corporate Persons Regulations, 2016 [Read Notification]
The Insolvency and Bankruptcy Board of India (IBBI/Board) notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations,...
![IBBI amends Insolvency Resolution Process for Corporate Persons Regulations, 2016 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/06/IBBI-Insolvency-Resolution-Process-Corporate-Persons-Regulations-2016-Taxscan.jpeg "IBBI amends Insolvency Resolution Process for Corporate Persons Regulations, 2016 [Read Notification]")
NCLT allows IRP Against Personal Guarantor in Absence of CIRP of Corporate Debtor: Supreme Court stays Order [Read Order]
The Supreme Court has stayed the order of the NCLAT in the matter of State Bank of India v. Mahendra Kumar Jajodia, wherein the Appellate Tribunal had settled the widely contended position on whether...
![NCLT allows IRP Against Personal Guarantor in Absence of CIRP of Corporate Debtor: Supreme Court stays Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/IBC-NCLT-IRP-Personal-Guarantor-CIRP-Corporate-Debtor-Supreme-Court-stays-Order-Taxscan.jpeg "NCLT allows IRP Against Personal Guarantor in Absence of CIRP of Corporate Debtor: Supreme Court stays Order [Read Order]")
Institution of Suit against Corporate Debtor during Moratorium is Prohibited U/S 14 of the IBC: ITAT [Read Order]
The Mumbai Bench of Income Tax Appellate Tribunal ( ITAT ) has held that the institution of suit against the corporate debtor during the moratorium period is prohibited under section 14 of the...
![Institution of Suit against Corporate Debtor during Moratorium is Prohibited U/S 14 of the IBC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Institution-of-Suit-Corporate-Debtor-Moratorium-IBC-ITAT-Taxscan.jpg "Institution of Suit against Corporate Debtor during Moratorium is Prohibited U/S 14 of the IBC: ITAT [Read Order]")
PF Dues are Not the Assets of the Corporate Debtor: NCLAT Directs to Release Full Provident Fund to Ex-Employees [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) has held that PF dues are not the assets of the Corporate Debtor and directs to release the full provident fund to ex-employees. The...
![PF Dues are Not the Assets of the Corporate Debtor: NCLAT Directs to Release Full Provident Fund to Ex-Employees [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/PF-Dues-PF-Assets-dues-Corporate-Debtor-NCLAT-Full-Provident-Fund-Ex-Employees-Taxscan.jpg "PF Dues are Not the Assets of the Corporate Debtor: NCLAT Directs to Release Full Provident Fund to Ex-Employees [Read Order]")
Financial Creditors realises 221% of Liquidation Value and 51% of Admitted Claims through Corporate Insolvency Resolution Process
As per inputs received from the Ministry of Corporate Affairs (MCA), corporate insolvency resolution process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC), was initiated by banks in the...
