![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]")
IBC doesn't apply on Co-Operative Society as it is not a 'Corporate Person': NCLT [Read Order]
The Mumbai Bench of National Company Law Tribunal (NCLT) held that the Insolvency and Bankruptcy Code does not apply to Co-Operative Society as it is...
![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]](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]")
Procedure for submission of financial information u/s 215 of the IBC, 2016 is not mandatory: Calcutta High Court [Read Judgment]
The Calcutta High Court held that the procedure for submission of financial information under Section 215 of the Insolvency and Bankruptcy Code (IBC), 2016 is not mandatory. By the virtue of being...
![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]")
