![State can be Secured Creditor under IBC Due to Statutory Charge Created u/s 48 of GVAT Act: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/NCLAT-IBC.jpg "State can be Secured Creditor under IBC Due to Statutory Charge Created u/s 48 of GVAT Act: NCLAT [Read Order]")
State can be Secured Creditor under IBC Due to Statutory Charge Created u/s 48 of GVAT Act: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) in New Delhi ruled that the State's debts should be treated as secured creditors under Section 53...
![Income Tax Dept cannot be a Secured Creditor in Liquidation Proceedings: NCLT Disposes Canara Bank’s Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Canara-Banks-Application.jpg "Income Tax Dept cannot be a Secured Creditor in Liquidation Proceedings: NCLT Disposes Canara Bank’s Application [Read Order]")
![Priority Claim by Secured Creditors After Relinquishing Security Interest not possible During Distribution of Sale Proceeds of Secured Assets: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/NCLT-TAXSCAN.jpg "Priority Claim by Secured Creditors After Relinquishing Security Interest not possible During Distribution of Sale Proceeds of Secured Assets: NCLT [Read Order]")
![Insufficiently Stamped Agreements Not a Bar to Application for CIRP u/s 7 of IBC: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Stamped-Agreements-site-img.jpg "Insufficiently Stamped Agreements Not a Bar to Application for CIRP u/s 7 of IBC: NCLT [Read Order]")
![No Bar on CoC’s from Seeking Multiple Modifications or Revisions of Resolution Plans: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/No-Bar-CoC-Seeking-Multiple-Modifications-Revisions-Resolution-Plans-NCLAT.jpg "No Bar on CoC’s from Seeking Multiple Modifications or Revisions of Resolution Plans: NCLAT [Read Order]")
No S.263 Notice after Resolution Plan Approval on Extinguishment of Corporate Debtor’s Tax Liabilities: Gujarat HC [Read Order]
The Gujarat High Court recently ruled that the Principal Commissioner of Income Tax (PCIT) could not issue a notice under Section 263 of the Income Tax Act, 1961 to revise the assessment order of an...
![No S.263 Notice after Resolution Plan Approval on Extinguishment of Corporate Debtor’s Tax Liabilities: Gujarat HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/ujarat-HC-Tax-Ruling-S.263-Notice-IBC-Corporate-Debtor-Tax-Relief-taxscan-.jpg "No S.263 Notice after Resolution Plan Approval on Extinguishment of Corporate Debtor’s Tax Liabilities: Gujarat HC [Read Order]")
Imposition of Moratorium Prevents Pre-CIRP Tax Dues From Being Recovered During CIRP: NCLT [Read Order]
While disposing of an application filed by the Resolution Professional ( RP ) against the Commissioner, Greater Hyderabad Municipal Corporation ( GHMC ),the Hyderabad bench of the National Company...
![Imposition of Moratorium Prevents Pre-CIRP Tax Dues From Being Recovered During CIRP: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/CIRP-Imposition-of-Moratorium-NCLT-taxscan.jpg "Imposition of Moratorium Prevents Pre-CIRP Tax Dues From Being Recovered During CIRP: NCLT [Read Order]")
Outgoing Liquidator Entitled to Minimum Fee of Rs. 2 Lakh as Per IBBI Regulations: NCLT [Read Order]
The National Company Law Tribunal (NCLT), Kochi bench has held that if the liquidator is replaced, he is entitled to a minimum fee of Rs. 2 lakh as per Schedule II of the IBBI (Insolvency Resolution...
![Outgoing Liquidator Entitled to Minimum Fee of Rs. 2 Lakh as Per IBBI Regulations: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Liquidator-fee-NCLT-ruling-IBBI-regulations-taxscan.jpg "Outgoing Liquidator Entitled to Minimum Fee of Rs. 2 Lakh as Per IBBI Regulations: NCLT [Read Order]")
Demand Notice Delivered to Last Known Address of Personal Guarantor is Valid Service u/s 95(4) of IBC: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that, for the purposes of Section 95(4) of the Insolvency and Bankruptcy Code, 2016 (Code), delivering a demand...
![Demand Notice Delivered to Last Known Address of Personal Guarantor is Valid Service u/s 95(4) of IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/NCLAT-NCLAT-New-Delhi-Demand-Notice-Section-954-of-IBC-Taxscan.jpg "Demand Notice Delivered to Last Known Address of Personal Guarantor is Valid Service u/s 95(4) of IBC: NCLAT [Read Order]")
Application u/s 9 of IBC Cannot be Admitted When Debt is Discharged by Corporate Debtor: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of has held that Insolvency proceedings under Section 9 of the Insolvency and Bankruptcy Code, 2016 (Code) cannot be initiated if...
![Application u/s 9 of IBC Cannot be Admitted When Debt is Discharged by Corporate Debtor: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/IBC-Section-9-NCLAT-ruling-Corporate-debtor-taxscan.jpg "Application u/s 9 of IBC Cannot be Admitted When Debt is Discharged by Corporate Debtor: NCLAT [Read Order]")
Allottee cannot be considered as Financial Creditor on Cancellation of Unit by Own Request: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) New Delhi has ruled that if a unit was cancelled at the request of the unit's allottee and the loan used to buy the apartment was paid off with the...
![Allottee cannot be considered as Financial Creditor on Cancellation of Unit by Own Request: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Allottee-considered-as-Financial-Creditor-Cancellation-Unit-Own-Request-NCLAT-taxscan.jpg "Allottee cannot be considered as Financial Creditor on Cancellation of Unit by Own Request: NCLAT [Read Order]")
SARFAESI Proceedings to Recover Loan can be Initiated by Bank if it wasn’t Party to Resolution Plan: Kerala HC [Read Order]
The Kerala High Court ruled that if a bank was not a party to the resolution plan authorized under the Insolvency and Bankruptcy Code, 2016, it may still pursue recovery of unpaid debts under the...
![SARFAESI Proceedings to Recover Loan can be Initiated by Bank if it wasn’t Party to Resolution Plan: Kerala HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Kerala-High-Court-SARFAESI-Proceedings-SARFAESI-Proceedings-to-Recover-Loan-TAXSCAN.jpg "SARFAESI Proceedings to Recover Loan can be Initiated by Bank if it wasn’t Party to Resolution Plan: Kerala HC [Read Order]")