NCLAT directs to Modifies Resolution Plan by compliance with provision of section 30(2)(b)(ii) of IBC [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) directed to modify the resolution plan passed by the adjudication authority...
![NFAC cannot Invoke Section 144B of Income Tax Act based on Failure to Lodge claim within Time Stipulated: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/04/NFAC-Invoke-Income-Tax-Act-Failure-to-Lodge-claim-Time-Stipulated-Delhi-HC-taxscann.jpg "NFAC cannot Invoke Section 144B of Income Tax Act based on Failure to Lodge claim within Time Stipulated: Delhi HC [Read Order]")
Application filed u/s 9 of IBC not maintainable for claim on non-delivery of export due to Pre-existing dispute: NCLT [Read Order]
The Allahabad bench of the National Company Law Tribunal ( NCLT ) has held that the application filed under Section 9 of the Insolvency and Bankruptcy Code, 2016 ( IBC ) is not maintainable for claim...
Creditors Mustn't be Included Under the Class of ‘Financial Creditors’ Merely on the Basis of the Execution of Mortgage Deeds: SC issues notice [Read Order]
The Supreme Court has ruled that the crucial requirement of disbursing funds against the consideration for the time value of money must be evident in the origin of any debt claimed as a 'financial...
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...
