Claim submitted Post Approval of Resolution Plan by CoC not liable to be Admitted: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) ruled that the claim submitted post approval of the resolution plan by...
![IBBI Incorporates Fresh Provisions for Insolvency Professionals Assignment Resignation [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/02/IBBI-Insolvency-Professionals-Assignment-Resignation-IBBI-updates-IBBI-regulations-TAXSCAN.jpg "IBBI Incorporates Fresh Provisions for Insolvency Professionals Assignment Resignation [Read Notification]")
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...
Amount of Unsuccessful Auction Bidder Forfeited and Added into account of CD, Benefitting Stakeholders of CD Company, amounts to ‘Undue Enrichment’: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) ruled that the amount of unsuccessful auction bidder forfeited and added into account of the corporate debtor (CD), benefitting Stakeholders of CD...
Issuance of Form G by CoC to Grant Extension After Expiry of 300 Days to Complete CIRP Process is Valid: NCLAT [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal(NCLAT) in the matter of Mr Ramneek Goel has held that issuance of form G by the Committee of Creditors (CoC) to grant an extension after...
Non-Counting Votes of Two Major CoC Members i.e Union Bank of India and Bajaj Finserv: IBBI suspends IP [Read Order]
The Disciplinary Committee of the Insolvency and Bankruptcy Board of India (IBBI) suspended an Insolvency Professional (IP), Poonam Basak, on the ground of non-counting votes of two major the...
Lein in Corporate Debtor prior to CIRP cannot continue after Moratorium imposed u/s 14of IBC: NCLAT [Read Order]
The National Company Law Tribunal (NCLT), Mumbai Bench, has held that the lien created on the Corporate Debtor’s account prior to initiation of the Corporate Insolvency Resolution Process (“CIRP”)...
Delay by RP to act as per directions given by Committee of Creditors for obtaining records of CD: IBBI suspends Registration of RP [Read Order]
The Insolvency and Bankruptcy Board of India (IBBI) suspended the registration of a Resolution Professional (RP), on the ground of delay on the side of Resolution Professional to act as per...
NCLT Directs RP to Appoint An auditor to Conduct Forensic Audit on Irregularities Qua Assets of Corporate Debtor
The National Company Law Tribunal (NCLT) Bench at Indore has directed Resolution Professional (RP)to appoint an auditor to conduct a forensic audit on irregularities qua assets of the corporate...
