No Bar to Accepting Application u/s 7 of IBC filed within 3 years of OTS Proposal: NCLAT [Read Order]
The Principal Bench of the National Company Law Appellate Tribunal ( NCLAT ) has held that there is no bar to accepting applications under section 7...
![Ex-Director Ineligible to Submit Resolution Plan for MSME when CD is Wilful Defaulter: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Ex-Director-Ineligible-to-Submit-Resolution-Plan-MSME-Wilful-Defaulter-NCLAT-TAXSCAN.jpg "Ex-Director Ineligible to Submit Resolution Plan for MSME when CD is Wilful Defaulter: NCLAT [Read Order]")
![Failure to comply with Demand Notice Provisions Attracts Liability for Penal Interest: Delhi HC Sets Aside CCI’s order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/05/Demand-Notice-Provisions-Attracts-Liability-Penal-Interest-Delhi-HC-CCIs-order-TAXSCAN.jpg "Failure to comply with Demand Notice Provisions Attracts Liability for Penal Interest: Delhi HC Sets Aside CCI’s order [Read Order]")
Ex-Promoter who Resigned before Commencement of CIRP is eligible to Submit Resolution Plan: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) observed that the ex-promoter who resigned before commencement of the Corporate Insolvency Resolution Process (CIRP) is...
No SLP maintainable avoiding Limitation when Statutory Appeal Available: Supreme Court [Read Judgment]
The Supreme Court Division Bench of Chief Justice DY Chandrachud, Justice JB Pardiwala and Justice Manoj Misra held that no Special Leave Petition under Article 136 is maintainable when statutory...
Successful Auction Purchaser In Liquidation Proceedings Entitled For Certain Consequential Reliefs: NCLAT Rules in Matter of Punjab National Bank International [Read Order]
In the matter of Punjab National Bank (International Limited), the National Company Law Appellate Tribunal (“NCLAT”) has ruled that the successful auction purchaser in liquidation proceedings is...
Purchase of Shares in company under Liquidation not deemed Benami Property Ownership: Supreme Court condones delay in filing Civil Appeal [Read Judgement]
The Supreme Court of India has held that the purchase of shares in a company under liquidation does not automatically confer ownership of benami property to the company itself. The ruling came in...
![Purchase of Shares in company under Liquidation not deemed Benami Property Ownership: Supreme Court condones delay in filing Civil Appeal [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/10/Purchase-of-Shares-in-company-Liquidation-Benami-Property-Ownership-Benami-Property-Civil-Appeal-condones-delay-Supreme-Court-taxscan.webp "Purchase of Shares in company under Liquidation not deemed Benami Property Ownership: Supreme Court condones delay in filing Civil Appeal [Read Judgement]")