NCLT Approves Acquisition of Big 92.7 FM by Sapphire Media [Read Order]
The Mumbai bench of the National Company Law Tribunal ( NCLT ) has approved the resolution plan of Sapphire Media for Reliance Broadcast Network's FM...
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 condonable under Section 62 of the Insolvency...
New Resolution Applicants not entitled to Participate in CIRP and Submit Resolution Plan to NCLT without Issuance of Fresh Form G: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal held that new resolution applicants not entitled to participate in Corporate Insolvency Resolution Process ( CIRP ) and submit...
Adjudicating Authority under IBC not appropriate forum to decide Revocation of Attachment Made by ED during CIRP: NCLT [Read Order]
The Chennai Bench of the National Company Law Tribunal ( NCLT ) held that adjudicating authority under the Insolvency and Bankruptcy Code, 2016 ( IBC ) is not appropriate forum to decide revocation...
Profits during CIRP can be allocated to Financial Creditors when RFRP and Resolution Plan are Silent: NCLT [Read Order]
The Mumbai Bench of the National Company Law Tribunal ( NCLT ) observed that the profits during corporate insolvency resolution process ( CIRP ) can be allocated to financial creditors when request...
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...
