IBBI denies Data of IBC Violation Cases in RTI, says cannot Disproportionately Divert Resources [Read Order]
The Executive Director and First Appellate Authority of the Insolvency and Bankruptcy Board Of India ( IBBI ) in a recent matter held that the...
![Dispute Regarding GST Dues is not a Bar to Proceedings S. 9 IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/GST-NCLAT-IBC-Insolvency-Resolution-Process-GST-issues-under-IBC-TAXSCAN.jpg "Dispute Regarding GST Dues is not a Bar to Proceedings S. 9 IBC: NCLAT [Read Order]")
Covid Extension Benefit available to Delayed Auction Purchase Deposits under IBC: Supreme Court [Read Judgement]
The Supreme Court of India held that application of the COVID-19 pandemic extension is available to delayed auction purchase deposits under the Insolvency and Bankruptcy Code ( IBC ). In this...
CIRP Moratorium Period u/s 14 of IBC excluded from limitation period for Filing Application u/s 34 of Arbitration Act: Calcutta HC [Read Order]
In a recent judgment, the Calcutta High Court ruled that the moratorium period under Section 14 of the Insolvency and Bankruptcy Code ( IBC ) during the Corporate Insolvency Resolution Process ( CIRP...
Pendency of Insolvency Proceedings: Delhi HC quashes Reassessment Notice u/s 148 of Income Tax Act [Read Order]
The Delhi High Court decided on a matter before it seeking to impugn a notice under Section 148 of the Income Tax Act issued by the Assistant Commissioner of Income Tax for the Assessment Year...
![Pendency of Insolvency Proceedings: Delhi HC quashes Reassessment Notice u/s 148 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Delhi-High-Court-ncome-Tax-Act-Reassessment-Notice-Reassessment-Taxscan.jpg "Pendency of Insolvency Proceedings: Delhi HC quashes Reassessment Notice u/s 148 of Income Tax Act [Read Order]")
Insolvency Proceedings of Corporate Guarantor will not prevent Creditor in Filing CIRP against Corporate Debtor for Balance Debt: Supreme Court [Read Judgement]
In a significant decision, the Supreme Court held that a corporate guarantor's insolvency resolution under the Insolvency & Bankruptcy Code ( IBC ) of 2016 will not prevent the creditor from...
Assets of Subsidiary Company not to be Included in Insolvency Resolution Plan of Holding Company: Supreme Court [Read Judgement]
The Supreme Court has ruled that a holding company does not own its subsidiary's assets, and therefore, these assets cannot be included in the holding company's resolution plan. The appeal...
