Moratorium u/s 14 of IBC imposed legal 'Embargo' not only on Financial Creditors but on any other person for Sale of Assets in CIRP: NCLT [Read Order]
The Hyderabad bench of the National Company Law Tribunal ( NCLT ) has held that a Moratorium under section 14 of the Insolvency Bankruptcy Code ( IBC...
Power vested on RP u/s 25(1) of IBC to Reject CoC's Proposal for Renewal of Bank Guarantees by CD: NCLAT
The Chennai Bench of the National Company Law Appellate Tribunal (NCLAT) observed that power is vested on Resolution Professional under Section 25(1) of the Insolvency and Bankruptcy Code, 2016 (IBC)...
Liquidator entitled to Fee u/s 34 of IBC and Regulation 4 of Liquidation Regulations: NCLT [Read Order]
The New Delhi Bench of the National Company Law Tribunal (NCLT) ruled that the liquidator is entitled to fee under Section 34 of the Insolvency and Bankruptcy Code, 2016 (IBC) and Regulation 4 of the...
Airport Authority of India Is a Statutory Body, Does Not Fall within Scope of a Corporate Person under IBC: NCLT [Read Order]
The National Company Law Tribunal (NCLT) of Hyderabad held that the Airport Authority of India Is a Statutory Body and does Not Fall within the Scope of a Corporate Person under the Insolvency...
![Kerala GST Department issues SOP for IBC cases before NCLT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/11/Kerala-GST-Department-GST-Department-SOP-IBC-NCLT-taxscan.jpg "Kerala GST Department issues SOP for IBC cases before NCLT [Read Notification]")
Revenue Failed to lodge Claim under IBC before RP Notice Demanding Income Tax not valid: Delhi HC Rules in favour of Tata Steel Ltd [Read Order]
In the case of Tata Steel Limited, the Delhi High Court held that revenue failed to lodge a claim under the Insolvency Bankruptcy Code (IBC) before the Resolution Process(RP) notice demanding income...
![Revenue Failed to lodge Claim under IBC before RP Notice Demanding Income Tax not valid: Delhi HC Rules in favour of Tata Steel Ltd [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Revenue-lodge-Claim-IBC-RP-Notice-Demanding-Income-Tax-Delhi-HC-Tata-Steel-Ltd-taxscan-1.jpg "Revenue Failed to lodge Claim under IBC before RP Notice Demanding Income Tax not valid: Delhi HC Rules in favour of Tata Steel Ltd [Read Order]")