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IBBI reports 2% Personal Guarantee Claims Recovered under IBC till May
The latest data from the Insolvency and Bankruptcy Board (IBBI) reported that the creditors have recovered 2.16 per cent, or Rs 102.78 crore, of...
![ITC Admissible on Goods Purchased from outsourced vendors for Sale and buy back Transactions: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/Input-Tax-Credit-ITC-AAR-Authority-for-Advance-Ruling-taxscan.jpg "ITC Admissible on Goods Purchased from outsourced vendors for Sale and buy back Transactions: AAR [Read Order]")
![Charge of Sales Tax Dept to Recover Sales Tax Dues Would be Valid after Recognition of First Charge of Assessee as secured Creditor: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Charge-Sales-Tax-Dept-Recover-Sales-Tax-Dues-Valid-Recognition-First-Charge-Assessee-Creditor-TAXSCANA.jpg "Charge of Sales Tax Dept to Recover Sales Tax Dues Would be Valid after Recognition of First Charge of Assessee as secured Creditor: Bombay HC [Read Order]")
![Secured Creditor has Priority Over Government Dues Under SARFAESI Act:Â Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Secured-Creditor-Priority-Over-Government-SARFAESI-Act-Bombay-HC-TAXSCAN.jpg "Secured Creditor has Priority Over Government Dues Under SARFAESI Act:Â Bombay HC [Read Order]")
Govt. notifies Reduction in Loan limit for Debt Recovery for NBFCs from Rs.50 Lakhs to 20 Lakhs [Read Notification]
The government notified the reduction in loan limit for debt recovery for NBFCs from Rs.50 Lakhs to 20 Lakhs. The Government sought to amend the notification no. 856 (E), dated the 24th February,...
NBFCs having assets worth 100 Cr and above shall be considered as Financial Institutions: Finance Ministry reduces Eligibility Limit for Debt Recovery [Read Notification]
The Ministry of Finance has notified that Non-Banking Financial Institutions (NBFCs) having assets worth 100 Crore rupees and above can be conferred the status of Financial institutions. This comes...
![NBFCs having assets worth 100 Cr and above shall be considered as Financial Institutions: Finance Ministry reduces Eligibility Limit for Debt Recovery [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/02/NBFCs-Assets-Financial-Institutions-Investments-Taxscan.jpg "NBFCs having assets worth 100 Cr and above shall be considered as Financial Institutions: Finance Ministry reduces Eligibility Limit for Debt Recovery [Read Notification]")
![No Bar of Appointment of Advocates as Receivers under SARFAESI Act: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/SARFAESI-Act-Delhi-High-Court-Taxscan.jpg "No Bar of Appointment of Advocates as Receivers under SARFAESI Act: Delhi HC [Read Order]")
