Failure to take Custody and Control of Assets of CD: IBBI Suspends Registration of IP
Due to suspected violations of the CIRP norms and the Insolvency and Bankruptcy Code (IBC), the Disciplinary Committee of the Insolvency and...
![Madras HC stays GST proceedings during pendency of Proceedings under IBC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Madras-HC-GST-pendency-Proceedings-IBC-TAXSCAN.jpg "Madras HC stays GST proceedings during pendency of Proceedings under IBC [Read Order]")
![‘Operational Creditors’ can claim only Money that is payable as per Section 53 of IBC: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Operational-Creditors-can-claim-only-Money-that-is-payable-IBC-NCLT-TAXSCAN.jpg "‘Operational Creditors’ can claim only Money that is payable as per Section 53 of IBC: NCLT [Read Order]")
No Prohibition of appearance of Advocate in representing different Company, in separate proceedings u/s 7 IBC: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT), held that there is No prohibition of appearance of Advocate in representing different company, in separate proceedings...
![No Prohibition of appearance of Advocate in representing different Company, in separate proceedings u/s 7 IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/IBC-NCLAT-taxscan-1.jpg "No Prohibition of appearance of Advocate in representing different Company, in separate proceedings u/s 7 IBC: NCLAT [Read Order]")
22 amendments in IBC and Regulations Last Year: IBBI Chairman says IBC led to Behavioural Change in Debtor-Creditor Relationship
In a statement issued on Saturday, the Chairman of the Insolvency and Bankruptcy Board of India (IBBI), Shri, Ravi Mitalopined that the Insolvency and Bankruptcy Code (IBC) has led to a behavioural...
Income Tax Liability on Notional Income arose on Resolution Plan due to write back of unpaid dues to Creditors can be waived off: NCLT [Read Order]
The Mumbai Bench of the National Company Law Tribunal (NCLT) has held that income tax liability on notional income arose on resolution plan due to write back of unpaid dues to creditors can be waived...
![Income Tax Liability on Notional Income arose on Resolution Plan due to write back of unpaid dues to Creditors can be waived off: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Tax-Liability-notional-income-resolution-plan-NCLT-taxscan.jpg "Income Tax Liability on Notional Income arose on Resolution Plan due to write back of unpaid dues to Creditors can be waived off: NCLT [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]")
![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]")
NCLT rejects Amazon's intervention application on Insolvency proceeding against Future Retail Ltd [Read Order]
The Delhi bench of the National Company Law Tribunal (NCLT) rejected Amazon’s intervention application on insolvency proceedings against Future Retail Ltd and ordered insolvency resolution...
![NCLT rejects Amazons intervention application on Insolvency proceeding against Future Retail Ltd [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/NCLT-Amazons-intervention-application-insolvency-proceeding-Future-Retail-Ltd-taxscan.jpg "NCLT rejects Amazons intervention application on Insolvency proceeding against Future Retail Ltd [Read Order]")