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...
![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]](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]](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]")
![Procedure for submission of financial information u/s 215 of the IBC, 2016 is not mandatory: Calcutta High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/10/Calcutta-High-Court-financial-information-submission-financial-information-Taxscan.jpg "Procedure for submission of financial information u/s 215 of the IBC, 2016 is not mandatory: Calcutta High Court [Read Judgment]")
Liquidator’s decision can be challenged before Tribunal under section 42 of the I&B Code: Kerala High Court [Read Order]
The Kerala High Court held that the Liquidator’s decision can be challenged before the tribunal under section 42 of the Insolvency and Bankruptcy (I&B) Code. As many as 28 petitions were filed...
![Liquidator’s decision can be challenged before Tribunal under section 42 of the I&B Code: Kerala High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/Liquidator-Kerala-High-Court-IB-Code-Taxscan.jpg "Liquidator’s decision can be challenged before Tribunal under section 42 of the I&B Code: Kerala High Court [Read Order]")
Debts incurred due to COVID-19 not 'Default' for IBC: Govt. notifies IBC (Amendment) Ordinance, 2020 [Read Notification]
The Ministry of Law and Justice on Friday notified Insolvency and Bankruptcy Code IBC (Amendment) Ordinance, 2020. The government of India has effectively suspended fresh bankruptcy proceedings...
![Debts incurred due to COVID-19 not Default for IBC: Govt. notifies IBC (Amendment) Ordinance, 2020 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/01/IBC-Taxscan.jpg "Debts incurred due to COVID-19 not Default for IBC: Govt. notifies IBC (Amendment) Ordinance, 2020 [Read Notification]")
![CBIC amends Special Procedure for Corporate Debtors under IBC [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/05/Corporate-Debtors-GST-Taxscan.jpg "CBIC amends Special Procedure for Corporate Debtors under IBC [Read Notification]")
Rajasthan HC strikes down GST Demand against UltraTech for old unpaid dues of Binani Cement [Read Judgment]
The High Court of Rajasthan today struck down the tax demand by the Goods and Service Tax (GST) Department of Rajasthan against UltraTech Cement for old unpaid dues of Binani Cement. The assessee,...
![Rajasthan HC strikes down GST Demand against UltraTech for old unpaid dues of Binani Cement [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/02/Chartered-Accountant-accused-Wrong-ITC-Rajasthan-High-Court-Taxscan.jpg "Rajasthan HC strikes down GST Demand against UltraTech for old unpaid dues of Binani Cement [Read Judgment]")
![CBIC notifies Special Procedure for Corporate Debtors under IBC [Read Notification]](https://www.taxscan.in/wp-content/uploads/2018/01/Insolvency-Code-Corporate-Debtors-Taxscan.jpg "CBIC notifies Special Procedure for Corporate Debtors under IBC [Read Notification]")
NCLAT constitutes new bench in Chennai to Handle Matters arising in Southern States [Read Notification]
The National Company Law Appellate Tribunal (NCLAT) is being constituted in Chennai to handle matters arising from Southern states. The Central Government notifies that in the exercise of the powers...
![NCLAT constitutes new bench in Chennai to Handle Matters arising in Southern States [Read Notification]](https://www.taxscan.in/wp-content/uploads/2019/12/NCLAT-Taxscan.jpg "NCLAT constitutes new bench in Chennai to Handle Matters arising in Southern States [Read Notification]")