Relief to Aditya Birla Fashion & Retail Ltd: NCLAT Upholds Dismissal Of Insolvency PleaÂ
In a recent ruling in favour of Aditya Birla Fashion and Retail Limited, the Principal bench of the National Company Law Appellate Tribunal ( NCLAT )...
![ITAT Dismisses Appeal by Income Tax Department as NCLT Admitted Application filed by Assessee u/s 14 of IBC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/ITAT-ITAT-Dismisses-Appeal-by-Income-Tax-Department-Income-Tax-Department-NCLT-IBC-taxscan.jpg "ITAT Dismisses Appeal by Income Tax Department as NCLT Admitted Application filed by Assessee u/s 14 of IBC [Read Order]")
No Penalty shall be Levied u/s 271B of Income Tax Act on Account of Delay in Filing Audit Report Due to Proceedings under IBC: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT) Delhi bench held that no penalty should be levied under Section 271B of Income Tax Act, 1961 on account of delay in filing the audit report due to...
![No Penalty shall be Levied u/s 271B of Income Tax Act on Account of Delay in Filing Audit Report Due to Proceedings under IBC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/No-Penalty-shall-be-Levied-Penalty-Income-Tax-Act-Income-Tax-Account-of-Delay-in-Filing-Audit-Report-Due-to-Proceedings-under-IBC-IBC-Taxscan.jpg "No Penalty shall be Levied u/s 271B of Income Tax Act on Account of Delay in Filing Audit Report Due to Proceedings under IBC: ITAT [Read Order]")
NCLAT dismisses Appeal of RP in absence of Irregularities in Provisions of Resolution Plan u/s 30(2) of Insolvency and Bankruptcy Code [Read Order]
The Chennai bench of the National Company Law Appellate Tribunal(NCLAT) dismissed the appeal of Resolution Professional (RP) in the absence of irregularities in provisions of the resolution...
Dues Payable to Secured Creditors are at Higher Footing Than Electricity Dues: Supreme Court [Read Judgment]
The Supreme Court has held that dues payable to secured creditors are at a higher footing than electricity dues and ruled that Section 238 of the Insolvency and Bankruptcy Code overrides the...
![Dues Payable to Secured Creditors are at Higher Footing Than Electricity Dues: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2023/07/Dues-Payable-Secured-Creditors-Higher-Footing-Electricity-Dues-Supreme-Court-TAXSCAN.jpg "Dues Payable to Secured Creditors are at Higher Footing Than Electricity Dues: Supreme Court [Read Judgment]")
Application u/s 7 of IBC cannot be Rejected by NCLT Unless Debt has not Become Due & Payable: Supreme Court
The Supreme Court has held that the National Company Law Tribunals (NCLT) cannot reject applications under section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) unless the debt has not become...
No Modification/Alteration can be Called under IBC after Approval of Resolution Plan of CoC and Before Approval by Adjudicating Authority: NCLAT [Read Order]
The National Company Law Appellate Tribunal(NCLAT) has held that no modification/alteration can be called under the Insolvency and Bankruptcy Code (IBC), 2016 after approval of the resolution plan of...
![Delay for Claim under CIRP without any Valid Ground: NCLAT refuse to Condones Delay [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Delay-Claim-under-CIRP-NCLAT-Condones-Delay-Delay-for-Claim-under-CIRP-NCLAT-refuse-to-Condones-Delay-taxscan.jpg "Delay for Claim under CIRP without any Valid Ground: NCLAT refuse to Condones Delay [Read Order]")
Filing of Application u/s 7 of IBC not Bar for Application to Appoint Arbitrator: Bombay HC [Read Order]
In a major decision the Bombay High Court observed that mere filing of an application under Section 7(1) of the Insolvency and Bankruptcy Code, 2016 (IBC) is not enough to invoke the bar of Section...
