Creditors can Initiate Insolvency Proceedings against Personal Guarantors via RP as per Section 95(1) of IBC: NCLAT
The Delhi bench of National Company Law Appellate Tribunal ('NCLAT') held that creditors can initiate insolvency proceedings against personal...
Insolvency Proceedings pending against Amrapali Group: Delhi HC directs Income Tax Dept to approach Court for Revival [Read Order]
The Delhi High Court directed the Income Tax Department to approach the Court for revival as the insolvency proceedings are pending against Amrapali Group. In the orders dated 08.04.2021 and...
![Insolvency Proceedings pending against Amrapali Group: Delhi HC directs Income Tax Dept to approach Court for Revival [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Insolvency-proceedings-Amrapali-Group-Delhi-HC-Income-Tax-Dept-Revival-taxscan-1.jpg "Insolvency Proceedings pending against Amrapali Group: Delhi HC directs Income Tax Dept to approach Court for Revival [Read Order]")
RP not Entitled to Fees Beyond Sum already Received Since Insolvency Proceedings was Withdrawn: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal( NCLAT ) held that Resolution Professional(RP)is not entitled to fees beyond sum already received since insolvency proceedings...
![RP not Entitled to Fees Beyond Sum already Received Since Insolvency Proceedings was Withdrawn: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/RP-Entitled-Sum-Received-Since-Insolvency-Withdrawn-NCLAT-TAXSCAN.jpg "RP not Entitled to Fees Beyond Sum already Received Since Insolvency Proceedings was Withdrawn: NCLAT [Read Order]")
Power of AA in Insolvency Proceedings limited to Verification of Default in Payment of Debt: Supreme Court [Read Judgement]
In a recent ruling, a two-judge bench of Justice Abhay S. Oka and Justice Rajesh Bindal of the Supreme Court of India observed that the Adjudicating Authority is empowered only to verify the...
Treatment of GST dues after Insolvency Proceedings: GST Council hints at Amendment of Rule 161 CGST and Form DRC-25
The 48th GST Council met today under the Chairmanship of Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman via virtual mode in New Delhi. The meeting was also attended by...
NCLT rejects Amazon's intervention application on Insolvency proceeding against Future Retail Ltd [Read Order]
The Delhi bench of the National Company Law Tribunal (NCLT) rejected Amazon’s intervention application on insolvency proceedings against Future Retail Ltd and ordered insolvency resolution...
![NCLT rejects Amazons intervention application on Insolvency proceeding against Future Retail Ltd [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/NCLT-Amazons-intervention-application-insolvency-proceeding-Future-Retail-Ltd-taxscan.jpg "NCLT rejects Amazons intervention application on Insolvency proceeding against Future Retail Ltd [Read Order]")
![Govt. extends suspension of Fresh Proceedings under IBC Law for 3 months [Read Notification]](https://www.taxscan.in/wp-content/uploads/2020/09/Insolvency-Bankruptancy-IBC-suspension-Taxscan.jpg "Govt. extends suspension of Fresh Proceedings under IBC Law for 3 months [Read Notification]")
NCLT initiates Bankruptcy proceedings against Anil Ambani for Rs 1,200 Crore Defaults of RCom, RTIL [Read Order]
The National Company Law Tribunal (NCLT)'s Mumbai bench has allowed State Bank of India (SBI) to initiate insolvency proceedings against Anil Ambani as a personal guarantor after two companies...
![NCLT initiates Bankruptcy proceedings against Anil Ambani for Rs 1,200 Crore Defaults of RCom, RTIL [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/08/NCLT-insolvency-proceedings-Anil-Ambani-Taxscan.jpg "NCLT initiates Bankruptcy proceedings against Anil Ambani for Rs 1,200 Crore Defaults of RCom, RTIL [Read Order]")