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...
Insolvency Proceedings pending against Amrapali Group: Delhi HC directs Income Tax Dept to approach Court for Revival [Read Order]
The Delhi High Court directed the Income Tax Department to approach the Court for revival as the insolvency proceedings are pending against Amrapali Group. In the orders dated 08.04.2021 and...
![Insolvency Proceedings pending against Amrapali Group: Delhi HC directs Income Tax Dept to approach Court for Revival [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Insolvency-proceedings-Amrapali-Group-Delhi-HC-Income-Tax-Dept-Revival-taxscan-1.jpg "Insolvency Proceedings pending against Amrapali Group: Delhi HC directs Income Tax Dept to approach Court for Revival [Read Order]")
RP cannot be directed to hand over Charge of CD to Ex-Management when CIRP is stayed: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) ruled that the Resolution Professional (RP) cannot be directed to hand over charge of Corporate Debtor (CD) to Ex-Management...
Appeal abates once CIRP is initiated, IRP appointed and Resolution Plan is approved: CESTAT [Read Order]
The Bangalore Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) ruled that the appeal abates once Corporate Insolvency Resolution Process (CIRP) is initiated, Insolvency...
![Appeal abates once CIRP is initiated, IRP appointed and Resolution Plan is approved: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/CIRP-Initiation-Impact-on-Appeals-Appeal-CIRP-IRP-Resolution-Plan-CESTAT-taxscan.jpeg "Appeal abates once CIRP is initiated, IRP appointed and Resolution Plan is approved: CESTAT [Read Order]")
CIRP cannot be initiated by Financial Creditor against Successful Resolution applicant on Default of Payment on Resolution Plan: NCLT
The Mumbai Bench of the National Company Law Tribunal (NCLT) ruled that the Corporate Insolvency Resolution Process (CIRP) cannot be initiated by Financial Creditor against Successful Resolution...
No proceedings shall be initiated, when NCLT granted moratorium against CD u/s 14 of IBC: ITAT dismisses Appeal [Read Order]
The Income Tax Appellate Tribunal (ITAT), Delhi bench held that no proceedings should be initiated when the National Company Law Tribunal (NCLT) granted a moratorium against corporate debtors under...
![No proceedings shall be initiated, when NCLT granted moratorium against CD u/s 14 of IBC: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/No-proceedings-NCLT-moratorium-CD-IBC-ITAT-Appeal-TAXSCAN.jpg "No proceedings shall be initiated, when NCLT granted moratorium against CD u/s 14 of IBC: ITAT dismisses Appeal [Read Order]")
Promoter Eligible to Submit Resolution Plan even if MSME Registration obtained Post Commencement of CIRP: SC [Read Judgement]
The Supreme Court in a recent ruling held that the promoter is eligible to submit resolution plan even if MSME registration obtained post commencement of CIRP. Shree Aashraya Infra-Con Limited...
