![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]")
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...
![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]")
Statutory Dues and Claim stands frozen after Approval of Resolution Plan by IBC: ITAT [Read Order]
In the case of Deccan Chronicle Holdings Limited, the Hyderabad bench of the Income Tax Appellate Tribunal(ITAT) has held that statutory dues and claims stand frozen after approval of the resolution...
![Statutory Dues and Claim stands frozen after Approval of Resolution Plan by IBC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Claim-resolution-plan-IBC-ITAT-taxscan.jpg "Statutory Dues and Claim stands frozen after Approval of Resolution Plan by IBC: ITAT [Read Order]")
![Income Tax Appeal not Maintainable during the course of IBC Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Income-Tax-Appeal-IBC-ITAT-taxscan.jpeg "Income Tax Appeal not Maintainable during the course of IBC Proceedings: ITAT [Read Order]")
IBBI disposes off 6,172 Complaints and Grievances out of 6,231 against Service Providers under IBC
The Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) Regulations, 2017 enable stakeholders to file a grievance or a complaint against service providers under the...
IBC: Recovery Certificate Holder can initiate CIRP as Financial Creditor, rules Supreme Court [Read Judgment]
A three-judge Bench of the Supreme Court comprising Justices L. Nageswara Rao, B.R. Gavai and A.S. Bopanna, on Monday, held that a liability in respect of a claim arising out of a Recovery...
![IBC: Recovery Certificate Holder can initiate CIRP as Financial Creditor, rules Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/06/SC-IBC-Recovery-Certificate-Holder-CIRP-Financial-Creditor-Supreme-Court-taxscan.jpeg "IBC: Recovery Certificate Holder can initiate CIRP as Financial Creditor, rules Supreme Court [Read Judgment]")
An Appeal under IBC is valid only if it is initiated within 30 days from Date of Order: Supreme Court [Read Order]
The Supreme Court has held that an appeal under the Insolvency and Bankruptcy Code (IBC) is valid only if it is initiated within 30 days from the date of the order by National Company Law Tribunal. ...
![An Appeal under IBC is valid only if it is initiated within 30 days from Date of Order: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Appeal-IBC-order-SC-Taxscan.jpeg "An Appeal under IBC is valid only if it is initiated within 30 days from Date of Order: Supreme Court [Read Order]")
Salary incrementation is valid by an Employment Agreement or Board Resolution, No claims sustain under IBC: NCLAT [Read Order]
The Principal Bench of the National Company Law Appellate Tribunal (NCLAT) has held that salary incrementation is valid only by an employment agreement or board resolution, no claims sustained under...
![Salary incrementation is valid by an Employment Agreement or Board Resolution, No claims sustain under IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Salary-incrementation-employment-agreement-Board-Resolution-IBC-NCLAT-Taxscan.jpg "Salary incrementation is valid by an Employment Agreement or Board Resolution, No claims sustain under IBC: NCLAT [Read Order]")