ICAI releases Handbook on Voluntary Liquidation Process for IPs
The Institute of Chartered Accountants of India ( ICAI ) has recently rolled out a comprehensive handbook in February 2024, aimed at providing...
![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![RP not Entitled to Fees Beyond Sum already Received Since Insolvency Proceedings was Withdrawn: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/08/RP-Entitled-Sum-Received-Since-Insolvency-Withdrawn-NCLAT-TAXSCAN.jpg "RP not Entitled to Fees Beyond Sum already Received Since Insolvency Proceedings was Withdrawn: NCLAT [Read Order]")
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]")
Govt.’s Notification to Increase Threshold Limit from INR 1 Lakh to INR 1 Crore for initiating Insolvency Proceedings has Prospective Effect: NCLT [Read Order]
The National Company Law Tribunal(NCLT) ruled that the Central Government’s notification to increase the threshold limit from INR 1 Lakh to INR 1 Crore for initiating insolvency proceedings has...
![Govt.’s Notification to Increase Threshold Limit from INR 1 Lakh to INR 1 Crore for initiating Insolvency Proceedings has Prospective Effect: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/03/NCLT-Taxscan.jpg "Govt.’s Notification to Increase Threshold Limit from INR 1 Lakh to INR 1 Crore for initiating Insolvency Proceedings has Prospective Effect: NCLT [Read Order]")
Finance Ministry suspends Fresh Initiation of Insolvency Proceedings up to One Year, Debts incurred due to COVID-19 not 'Default' for IBC
The Ministry of Finance has suspended the fresh initiation of insolvency proceedings up to one year depending upon the COVID-19 pandemic situation. The Minister for Finance and Corporate Affairs said...
![NCLAT releases Flipkart India from Corporate Insolvency Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/02/Flipkart-India-Insolvency-Proceedings-NCLAT-Taxscan.jpg "NCLAT releases Flipkart India from Corporate Insolvency Proceedings [Read Order]")