![Creditors cant initiate proceedings to Recover Claims which are not part of approved Resolution Plan under IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Creditors-IBC-NCLAT-Taxscan.jpg "Creditors cant initiate proceedings to Recover Claims which are not part of approved Resolution Plan under IBC: NCLAT [Read Order]")
Creditors can't initiate proceedings to Recover Claims which are not part of approved Resolution Plan under IBC: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Chennai Bench ruled that Creditors cannot initiate proceedings to recover claims which are not...
![High Court not to use Inherent power to undermine statutory dictate under Sections 14 and 17 IBC: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/04/High-Court-Inherent-power-statutory-dictate-Sections-14-and-17-IBC-Supreme-Court-Taxscan.jpg "High Court not to use Inherent power to undermine statutory dictate under Sections 14 and 17 IBC: Supreme Court [Read Judgment]")
![MSME certificate required to take benefit under Section 240A of IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/MSME-certificate-Section-240A-of-IBC-NCLAT-Taxscan.jpg "MSME certificate required to take benefit under Section 240A of IBC: NCLAT [Read Order]")
![Ex-promoters ineligible to suggest Revival Scheme under Companies Act: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Ex-promoters-Companies-Act-Supreme-Court-Taxscan.jpeg "Ex-promoters ineligible to suggest Revival Scheme under Companies Act: Supreme Court [Read Judgment]")
![Interest Free Loan could not be treated as a Financial Debt without evidence that the amount was disbursed for time Value of Money: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Financial-Debt-NCLAT-Interest-free-loan-time-value-of-money-Taxscan.jpg "Interest Free Loan could not be treated as a Financial Debt without evidence that the amount was disbursed for time Value of Money: NCLAT [Read Order]")
Writ Jurisdiction can be invoked in IBC matters, despite the availability of an Alternative Remedy: Calcutta High Court [Read Judgment]
The Calcutta High Court held that the writ jurisdiction can be invoked in the Insolvency and Bankruptcy Code (IBC) matters, despite the availability of an alternative remedy. The petitioners,...
![Writ Jurisdiction can be invoked in IBC matters, despite the availability of an Alternative Remedy: Calcutta High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Insolvency-Banruptancy-Code-Writ-Jurisdiction-IBC-Calcutta-High-Court-Taxscan.jpg "Writ Jurisdiction can be invoked in IBC matters, despite the availability of an Alternative Remedy: Calcutta High Court [Read Judgment]")
Proceedings u/s 138 or 141 of IBC against Directors can’t be initiated or continued without the Corporate Debtor: Supreme Court [Read Judgment]
The Supreme Court ruled that proceedings under section 138 or 141 of Insolvency and Bankruptcy Code against Directors can not be initiated or continued without the corporate debtor Steel products...
![Proceedings u/s 138 or 141 of IBC against Directors can’t be initiated or continued without the Corporate Debtor: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Directors-Insolvency-Proceedings-IBC-corporate-debtor-Supreme-Court-Taxscan.jpg "Proceedings u/s 138 or 141 of IBC against Directors can’t be initiated or continued without the Corporate Debtor: Supreme Court [Read Judgment]")
Bar under Section 10A IBC on initiation of CIRP applies retrospectively, Even if CIRP Application Filed Before introduction of Section 10A: Supreme Court [Read Judgment]
The Supreme Court held that Section 10A of the Insolvency and Bankruptcy Code (IBC) bars initiation of the Corporate Insolvency Resolution Process (CIRP) with respect to a default that occurred on or...
![Bar under Section 10A IBC on initiation of CIRP applies retrospectively, Even if CIRP Application Filed Before introduction of Section 10A: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/02/Bar-IBC-CIRP-CIRP-Application-Filed-Supreme-Court-Taxscan-1.jpg "Bar under Section 10A IBC on initiation of CIRP applies retrospectively, Even if CIRP Application Filed Before introduction of Section 10A: Supreme Court [Read Judgment]")
Delhi High Court stays attachment of Deccan Chronicles Properties in ED Proceedings on plea of Union Bank of India [Read Order]
The Delhi High Court on the plea of Union Bank of India stayed Attachment of Deccan Chronicles Properties in Proceedings before Directorate of Enforcement (ED). The Petitioner, Union Bank of India...
Liquidator does not have Income Tax Liabilities: NCLAT directs IT Dept to Refund erroneously collected TDS [Read Judgment]
The National Company Law Appellate Tribunal on Monday ruled that the liquidator of a Company under liquidation has no liability to fulfill the income tax obligations and therefore, the Income Tax...
![Liquidator does not have Income Tax Liabilities: NCLAT directs IT Dept to Refund erroneously collected TDS [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/02/Liquidator-Income-Tax-Liabilities-NCLAT-IT-Dept-Refund-TDS-Taxscan-1.jpg "Liquidator does not have Income Tax Liabilities: NCLAT directs IT Dept to Refund erroneously collected TDS [Read Judgment]")
Applicability of Notification on increased IBC threshold cannot be determined by NCLT Registrar: Delhi High Court [Read Order]
The Delhi High Court has ruled that the issue of applicability of the notification increasing the pecuniary threshold under the Insolvency & Bankruptcy Code (IBC) to Rs 1 crore, does not fall...
![Applicability of Notification on increased IBC threshold cannot be determined by NCLT Registrar: Delhi High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/Applicability-of-Notification-IBC-threshold-NCLT-Registrar-Delhi-High-Court-Taxscan.jpg "Applicability of Notification on increased IBC threshold cannot be determined by NCLT Registrar: Delhi High Court [Read Order]")
Advance given by Real-Estate developer to Property Owner is Operational Debt under IBC: NCLT [Read Order]
The National Company Law Tribunal (NCLT), Mumbai on last Saturday ruled that the advance amount received by a property owner from the real-estate developer for a re-development project qualifies as...
![Advance given by Real-Estate developer to Property Owner is Operational Debt under IBC: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/real-estate-developer-property-owner-operational-debt-IBC-NCLT-Mumbai-NCLT-Taxscan.jpeg "Advance given by Real-Estate developer to Property Owner is Operational Debt under IBC: NCLT [Read Order]")