![Power to file Application u/s 7 of the IBC can be delegated by AGM to GM: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Power-file-Application-IBC-AGM-GM-NCLT-taxscan.jpg "Power to file Application u/s 7 of the IBC can be delegated by AGM to GM: NCLT [Read Order]")
Power to file Application u/s 7 of the IBC can be delegated by AGM to GM: NCLT [Read Order]
The Delhi Bench of the National Company Law Tribunal (NCLT) has held that the power to file application u/s 7 of the Insolvency and Bankruptcy Code,...
![Moratorium ceases to exist once proceedings under IBC culminates: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Moratorium-IBC-Delhi-HC-taxscan.jpg "Moratorium ceases to exist once proceedings under IBC culminates: Delhi HC [Read Order]")
![Interim Moratorium u/s 96 of IBC for one of the Guarantors would not ipso facto apply against Co-Guarantor: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/IBC-Guarantors-Co-Guarantor-Delhi-HC-taxscan.jpg "Interim Moratorium u/s 96 of IBC for one of the Guarantors would not ipso facto apply against Co-Guarantor: Delhi HC [Read Order]")
CESTAT asks CBIC to issue Proper Guideline to Deal with Cases During Pendency of IBC Proceedings [Read Order]
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Ahmedabad Bench asked Central Board of Indirect Taxes and Customs (CBIC) to issue proper guideline as to what stand to be taken in...
![CESTAT asks CBIC to issue Proper Guideline to Deal with Cases During Pendency of IBC Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/CESTAT-CBIC-IBC-proceedings-NCLT-NCLAT-taxscan.jpg "CESTAT asks CBIC to issue Proper Guideline to Deal with Cases During Pendency of IBC Proceedings [Read Order]")
State is a 'Secured Creditor' under IBC: Supreme Court upholds VAT Dept's Claim during Liquidation [Read Order]
The Supreme Court of India, upheld the Value Added Tax (VAT) Department’s claim for first charge over property of the corporate debtor, Rainbow Papers Limited and held that State is a ‘Secured...
![State is a Secured Creditor under IBC: Supreme Court upholds VAT Depts Claim during Liquidation [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/IBC-Supreme-Court-VAT-Claim-during-TAXSCAN.jpg "State is a Secured Creditor under IBC: Supreme Court upholds VAT Depts Claim during Liquidation [Read Order]")
Application for Fast Track Corporate Insolvency Resolution Process can be made in respect of 'Startups': MCA [Read Notification]
In a significant move, the Ministry of Corporate Affairs (MCA) has notified that an application for fast track corporate insolvency resolution process may be made in respect of start-ups defined...
![Application for Fast Track Corporate Insolvency Resolution Process can be made in respect of Startups: MCA [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/10/Startup-NCLT-IBC-Corporate-Insolvency-Resolution-Process-Startups-MCA-TAXSCAN.jpeg "Application for Fast Track Corporate Insolvency Resolution Process can be made in respect of Startups: MCA [Read Notification]")
![Income Tax Appeal not Maintainable during the pendency of IBC Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Income-Tax-Appeal-IBC-Proceedings-ITAT-taxscan.jpg "Income Tax Appeal not Maintainable during the pendency of IBC Proceedings: ITAT [Read Order]")
Provision of IBC prevails over Customs Act on Execution of Moratorium: Supreme Court [Read Order]
The Three Judge Bench of the Supreme Court of India Held that On Execution of Moratorium, Insolvency and Bankruptcy Code (IBC) Prevails over Customs Act to the extent that once moratorium proceedings...
![Provision of IBC prevails over Customs Act on Execution of Moratorium: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/IBC-Customs-Act-execution-of-Moratorium-SC-taxscan.jpeg "Provision of IBC prevails over Customs Act on Execution of Moratorium: Supreme Court [Read Order]")