No Appellate Role for Courts Over Govt-Appointed Experts in Board Decisions unless there is Gross Miscarriage of Justice: Delhi HC dismisses Writ Petition against IBBI [Read Order]
The writ petition filed against the Insolvency and Bankruptcy Board of India (IBBI) has been dismissed by a Single bench, Justice Subramonium Prasad...
ITAT dismisses Appeal in view the Appointment of Interim Resolution Professional and terms u/s 17 of IBC with granting IRP liberty to file Necessary Application [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the powers of the Board of Directors shall stand suspended and the management of the affairs shall vest with the Interim...
![ITAT dismisses Appeal in view the Appointment of Interim Resolution Professional and terms u/s 17 of IBC with granting IRP liberty to file Necessary Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-ITAT-dismisses-appeal-appeal-Interim-Resolution-Professional-taxscan.jpg "ITAT dismisses Appeal in view the Appointment of Interim Resolution Professional and terms u/s 17 of IBC with granting IRP liberty to file Necessary Application [Read Order]")
Suspension of CIRP u/s 10A of IBC applies to Due Defaulted on 31/3/2020: NCLAT allows Appeal [Read Order]
The Chennai bench of the National Company Law Appellate Tribunal( NCLAT ) held that the Suspension of Corporate Insolvency Resolution Process (CIRP) under section 10A of The Insolvency And Bankruptcy...
![Suspension of CIRP u/s 10A of IBC applies to Due Defaulted on 31/3/2020: NCLAT allows Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/Suspension-of-CIRP-CIRP-IBC-NCLAT-allows-Appeal-NCLAT-Appeal-Suspension-Taxscan.jpg "Suspension of CIRP u/s 10A of IBC applies to Due Defaulted on 31/3/2020: NCLAT allows Appeal [Read Order]")
NCLAT dismisses Appeal of RP in absence of Irregularities in Provisions of Resolution Plan u/s 30(2) of Insolvency and Bankruptcy Code [Read Order]
The Chennai bench of the National Company Law Appellate Tribunal(NCLAT) dismissed the appeal of Resolution Professional (RP) in the absence of irregularities in provisions of the resolution...
Submission of Forged Document for Unlawful Benefit on Judicial Side: NCLAT Remits Mater to Adjudicating Authority [Read Order]
“Once the Adjudicating Authority has noticed that MOUs which were brought on record before the NCLT by the appellant were forged one, in that event the whole claim of the appellant was required to...
IRP/RP/Liquidator cannot Provide for IT except under S. 53 of IBC in Absence of Separate Account for PF: NCLT [Read Order]
The National Company Law Tribunal (NCLT), Mumbai Bench has held that if the corporate debtor (CD) failed to keep a separate account for the Provident Fund (PF), the Insolvency Resolution...
IP Submits Compliance Certificate Despite SRA being ‘related party’ and Ineligible under section 29A of IBC : IBBI Cancels Registration of IP
The Insolvency Bankruptcy Board of India's (IBBI) Disciplinary Committee (DC) revoked the registration of Mr. Ananda Rao Korada as an Insolvency Professional (IP) for multiple reasons, including the...
Treating all Resolutions as Approved, in Absence of Confirmation by Member of CoC is Against Spirit of IBC: IBBI Suspends Registration of IP [Read Order]
The Insolvency and Bankruptcy Board of India (IBBI) suspended the Registration of an Insolvency Professional (IP), Anand Chandra Swain and noted that treating all resolutions as approved, in absence...
![Treating all Resolutions as Approved, in Absence of Confirmation by Member of CoC is Against Spirit of IBC: IBBI Suspends Registration of IP [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Treating-Resolutions-A-pproved-CoC-IBC-IBBI-Registration-IP-TAXSCAN.jpg "Treating all Resolutions as Approved, in Absence of Confirmation by Member of CoC is Against Spirit of IBC: IBBI Suspends Registration of IP [Read Order]")