IBC Strengthened with 6 Amendments, 122 Reforms: Over 8,000 CIRPs Initiated, ₹3.58 Lakh Crore Realized, Says MoS Harsh Malhotra
The Insolvency and Bankruptcy Code, 2016 (IBC) has strengthened with 6 amendments and 122 reforms, says Mr. Harsh Malhotra, the Minister of State in...
![Once NCLT Approves Resolution Plan, All Dues Including Central Govts Stand Extinguished: Supreme Court [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2025/03/Supreme-Court-Resolution-Plan-NCLT-NCLT-resolution-plan-and-tax-dues-TAXSCAN.jpg "Once NCLT Approves Resolution Plan, All Dues Including Central Govts Stand Extinguished: Supreme Court [Read Judgement]")
![In Absence of Fraud or Misrepresentation, Order Admitting CIRP cannot be Recalled: NCLT rules in favour of Canara Bank [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/03/Absence-of-Fraud-Misrepresentation-Admitting-CIRP-CIRP-Cannot-be-Recalled-NCLT-NCLT-rules-NCLT-rules-in-favour-of-Canara-Bank-Canara-Bank-taxscan.jpg "In Absence of Fraud or Misrepresentation, Order Admitting CIRP cannot be Recalled: NCLT rules in favour of Canara Bank [Read Order]")
![Pre-CIRP Electricity Dues Expires on Approval of Resolution Plan under IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Pre-CIRP-Electricity-Dues-Expires-Approval-Resolution-Plan-under-IBC-NCLAT-TAXSCAN.jpg "Pre-CIRP Electricity Dues Expires on Approval of Resolution Plan under IBC: NCLAT [Read Order]")
Govt Dues are below secured creditors, workmen, employees, and unsecured financial creditors u/s 53 of IBC: MCA MoS Harsh Malhotra at Lok Sabha
The Ministry of Corporate Affairs ( MCA ) has clarified, in a reply to a question raised at the Lok Sabha that as per Section 53 of the Insolvency and Bankruptcy Code, 2016, government dues are...
1068 Resolution Plans Approved under IB Code Resulted in Creditors Realising ₹3.6 lakh Crore: Economic Survey Report 2024 - 2025
The Economic Survey 2024-25 was tabled in the Parliament today (January 31, 2025) after President Droupadi Murmu’s address commencing the Budget Session. The report revealed that till September...
Insolvency Application against Personal Guarantor is Maintainable u/s 60(1) of IBC even in Absence of Pending CIRP against CD: NCLAT [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) bench in New Delhi has ruled that, even in cases where the National Company Law Tribunal ( NCLT ) has not yet started or is in the process of...
![Insolvency Application against Personal Guarantor is Maintainable u/s 60(1) of IBC even in Absence of Pending CIRP against CD: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/Insolvency-Application-Personal-Guarantor-IBC-Absence-Pending-CIRP-CD-NCLAT-taxscan.jpg "Insolvency Application against Personal Guarantor is Maintainable u/s 60(1) of IBC even in Absence of Pending CIRP against CD: NCLAT [Read Order]")
Orders Obtained through Fraud may be Recalled by Adjudicating Authority u/r 11 of the NCLT Rules: NCLAT [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) has observed that where the adjudicating authority has been made to rely on distorted facts which the adjudicating authority became aware of...
![Orders Obtained through Fraud may be Recalled by Adjudicating Authority u/r 11 of the NCLT Rules: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/01/NCLAT-Rule-11-of-NCLT-Orders-Obtained-through-Fraud-NCLAT-on-fraudulent-orders-recall-TAXSCAN.jpg "Orders Obtained through Fraud may be Recalled by Adjudicating Authority u/r 11 of the NCLT Rules: NCLAT [Read Order]")
Rejection of Interlocutory Application for Incomplete Process Memorandum: NCLAT Allows Appeal [Read Order]
The Chennai Bench of National Company Law Appellate Tribunal(NCLAT) allowed the applicant’s appeal against the National Company Law Tribunal(NCLT)’s September 13, 2024 order, which had rejected the...
Title to Immovable Property cannot be Transferred based on Unregistered Instrument: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) has ruled that as the property is listed in the corporate debtor's name, the liquidator has the power to seize the store....
Admissibility of Debt u/s 9 of IBC: NCLAT Quashes NCLT’s Rejection of CIRP Proceedings [Read Order]
The Chennai Bench of National Company Law Appellate tribunal ( NCLAT ) quashed the National Company Law Tribunal ( NCLT )’s rejection of the admissibility of debt under Section 9 of the Insolvency...
