Definition of Financial Debt u/s 5(8) of IBC do not provide disbursal to be made to CD: NCLAT [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) observed that the definition of financial debt under Section 5(8) of the Insolvency and...
Proof beyond doubt that disobedience or breach was wilful necessary to constitute contempt of Tribunal's Orders: NCLAT
The New Delhi bench of the National Company Law Appellate Tribunal( NCLAT ) held that Resolution Professional(RP) proof beyond doubt that disobedience or breach was wilful necessary to...
Being part of Technical Bid of Cartel by Supplier of ‘Vinyl’ and ‘Flex’ is an Offence u/s 3(3)(c) of Competition Act: NCLAT upholds PenaltyÂ
The Principal bench of the National Company Law Appellate Tribunal(NCLAT)has held that being part of the technical bid of a cartel by a supplier of ‘vinyl’ and ‘flex’ is an offence under section...
Claim of Return of Stock from CD Without any Solid Documentary Evidence is invalid: NCLAT [Read Order]
The Principal Bench of the National Company Law Appellate Tribunal (NCLAT) has held that the claim return of stock from the Corporate Debtor (CD) without any solid documentary evidence is invalid. ...
Delay beyond 15 days is Uncondonable as per Statutory Provisions; so as Delay of 45 days: NCLAT Delhi Dismisses Appeal
The Delhi National Company Law Appellate Tribunal (NCLAT) while dismissing the appeal held that delay beyond 15 days is uncondonable as per statutory provisions so no scope for condonation of delay...
Punjab & Haryana HC directs GST dept. to release Bank Account of UFV Global India Education [Read Order]
The Punjab and Haryana High Court directed the GST Department to release the bank account of the petitioner, UFV global India Education on the grounds that the order can be in writing to attach any...
![Punjab & Haryana HC directs GST dept. to release Bank Account of UFV Global India Education [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/09/UFV-Global-India-Education-GST-Taxscan.jpeg "Punjab & Haryana HC directs GST dept. to release Bank Account of UFV Global India Education [Read Order]")