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Adjudicating Authority obligated to initiate the ' Liquidation Process’ u/s 33(1) of the I&B Code when ‘Committee of Creditors’ rejected the resolution plan: NCLT
The Chennai Bench of the National Company Law Tribunal (NCLT) has held that Adjudicating Authority is obligated to initiate the ' Liquidation...
![Guarantor shall pay off Debt on Default of Payment to Financial Creditor IL&FS: NCLAT upholds Order of Liquidation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Debt-Payment-Financial-Creditor-ILFS-NCLAT-Liquidation-taxscan.jpg "Guarantor shall pay off Debt on Default of Payment to Financial Creditor IL&FS: NCLAT upholds Order of Liquidation [Read Order]")
![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]")
![Resolution Professional of its own cannot withhold any plan and refuse to submit same before CoC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Resolution-Professional-cannot-withhold-refuse-submit-CoC-Taxscan.jpg "Resolution Professional of its own cannot withhold any plan and refuse to submit same before CoC: NCLAT [Read Order]")
![Suspended Board of Directors cannot replace Resolution Professional: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Suspended-Board-of-Directors-Resolution-Professional-NCLT-taxscan.jpg "Suspended Board of Directors cannot replace Resolution Professional: NCLT [Read Order]")
Insolvency and Bankruptcy Board of India organises a Workshop on “Committee of Creditors: An Institution of Public Trust”
The Insolvency and Bankruptcy Board of India (IBBI) jointly with the State Bank of India and the Indian Banks’ Association organized a one-day virtual workshop on “Committee of Creditors: An...
![IBBI imposes INR 34.22 lakh penalty on an Insolvency Professional [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/06/IBBI-insolvency-professional-Taxscan.jpeg "IBBI imposes INR 34.22 lakh penalty on an Insolvency Professional [Read Order]")
Rajasthan HC strikes down GST Demand against UltraTech for old unpaid dues of Binani Cement [Read Judgment]
The High Court of Rajasthan today struck down the tax demand by the Goods and Service Tax (GST) Department of Rajasthan against UltraTech Cement for old unpaid dues of Binani Cement. The assessee,...
![Rajasthan HC strikes down GST Demand against UltraTech for old unpaid dues of Binani Cement [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/02/Chartered-Accountant-accused-Wrong-ITC-Rajasthan-High-Court-Taxscan.jpg "Rajasthan HC strikes down GST Demand against UltraTech for old unpaid dues of Binani Cement [Read Judgment]")
IBBI prescribes Norms for Fee and other Expenses incurred for Corporate Insolvency Resolution Process [Read Circular]
The Insolvency and Bankruptcy of India ( IBBI ) today prescribed fee and other expenses incurred for Corporate Insolvency Resolution Process as the Insolvency Professionals charges rs 1 crore to 5...
![IBBI prescribes Norms for Fee and other Expenses incurred for Corporate Insolvency Resolution Process [Read Circular]](https://www.taxscan.in/wp-content/uploads/2018/02/Insolvency-and-Bankruptcy-Board-of-India.jpg "IBBI prescribes Norms for Fee and other Expenses incurred for Corporate Insolvency Resolution Process [Read Circular]")