![IBBI suspends Insolvency Professional for Demand of Undue Advantage of Rs.20 Lakhs [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/IBBI-Insolvency-Professional-Demand-of-Undue-Advantage.jpg "IBBI suspends Insolvency Professional for Demand of Undue Advantage of Rs.20 Lakhs [Read Order]")
IBBI suspends Insolvency Professional for Demand of Undue Advantage of Rs.20 Lakhs [Read Order]
The Insolvency and Bankruptcy Board of India ( IBBI ) has suspended an Insolvency Professional for demand of undue advantage of Rs.20 lakhs. The...
![Moratorium under IBC applies to Corporate Debtor Only: Supreme Court upholds NI Act Proceedings against Company Director [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/05/Moratorium-Corporate-Debtor-Supreme-Court-NI-Act-Proceedings-Company-Director-taxscan.jpeg "Moratorium under IBC applies to Corporate Debtor Only: Supreme Court upholds NI Act Proceedings against Company Director [Read Judgment]")
![Institution of Suit against Corporate Debtor during Moratorium is Prohibited U/S 14 of the IBC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Institution-of-Suit-Corporate-Debtor-Moratorium-IBC-ITAT-Taxscan.jpg "Institution of Suit against Corporate Debtor during Moratorium is Prohibited U/S 14 of the IBC: ITAT [Read Order]")
![IBC doesnt apply on Co-Operative Society as it is not a Corporate Person: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/08/NCLT-liquidation-process-CoC-NCLT-Taxscan.jpg "IBC doesnt apply on Co-Operative Society as it is not a Corporate Person: NCLT [Read Order]")
![No Need to File Application for Condonation of Delay as Since SC Extended Limitation: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/01/File-Application-Condonation-Condonation-Of-Delay-Supreme-Court-Extended-Limitation-NCLAT-Taxscan.jpg "No Need to File Application for Condonation of Delay as Since SC Extended Limitation: NCLAT [Read Order]")
Bombay HC quashes SCN to Corporate Debtor, to submit Return for Assessment Year falling prior to approval of Resolution Plan under IBC [Read Order]
The Bombay High Court quashed the show cause notice to Corporate Debtor, to submit return for assessment year falling prior to approval of Resolution Plan under IBC. The petitioner, Murli...
![Bombay HC quashes SCN to Corporate Debtor, to submit Return for Assessment Year falling prior to approval of Resolution Plan under IBC [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/12/Bombay-HC-SCN-Coporate-Debtors-Assessment-year-Resolution-Plan-IBC-Taxscan.jpg "Bombay HC quashes SCN to Corporate Debtor, to submit Return for Assessment Year falling prior to approval of Resolution Plan under IBC [Read Order]")
![Supreme Court upholds provisions of IBC on Corporate Debt Recovery from Personal Guarantors [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/05/Supreme-Court-IBC-Corporate-Debt-Recovery-Personal-Guarantors-taxscan.jpg "Supreme Court upholds provisions of IBC on Corporate Debt Recovery from Personal Guarantors [Read Judgment]")
Only Debts covered under definition of ‘Operational Debt’ can file application under Section 9 of Insolvency and Bankruptcy Code: NCLT
The National Company Law Tribunal (NCLT), Kochi Bench ruled that only debts covered under the definition of ‘Operational Debt’ can file an application under Section 9 of Insolvency and Bankruptcy...
![MCA mandates Companies to use Software with Audit Trail of each Transaction [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/03/MCA-Companies-Software-with-Audit-Trail-Transaction-Taxscan.jpg "MCA mandates Companies to use Software with Audit Trail of each Transaction [Read Notification]")
Collusive or Sham Transactions with a Corporate Debtor won’t amount to ‘Financial Debt’: Supreme Court [Read Judgment]
The Supreme Court held that the Collusive or sham transactions with a corporate debtor will not amount to ‘financial debt’ under the Insolvency and Bankruptcy Code 2016. The appellant, Phoenix Arc...
![Collusive or Sham Transactions with a Corporate Debtor won’t amount to ‘Financial Debt’: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/02/Collusive-Sham-Transactions-Corporate-Debtor-Financial-Debt-Supreme-Court-Taxscan.jpg "Collusive or Sham Transactions with a Corporate Debtor won’t amount to ‘Financial Debt’: Supreme Court [Read Judgment]")
Supreme Court upholds validity of Insolvency and Bankruptcy Code (Amendment) Act, 2020 mandating ‘minimum threshold’ on the home-buyers [Read judgment]
The Supreme Court upheld the constitutional validity of Insolvency and Bankruptcy Code (Amendment) Act, 2020 mandating ‘minimum threshold’ on the home-buyers. According to the amended Section 3,...
![Supreme Court upholds validity of Insolvency and Bankruptcy Code (Amendment) Act, 2020 mandating ‘minimum threshold’ on the home-buyers [Read judgment]](https://www.taxscan.in/wp-content/uploads/2021/01/Supreme-Court-Insolvency-and-Bankruptcy-Code-Amendment-Act-home-buyers-Taxscan.jpg "Supreme Court upholds validity of Insolvency and Bankruptcy Code (Amendment) Act, 2020 mandating ‘minimum threshold’ on the home-buyers [Read judgment]")