![Claims or Claim of any Debts cannot be recovered from Corporate Debtor Accruing Prior to Transfer Date: CESTAT Reiterates SC Decision [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Claims-Claim-Debts-Corporate-Debtor-Transfer-Date-CESTAT-Supreme-Court-Decision-Taxscan.jpg "Claims or Claim of any Debts cannot be recovered from Corporate Debtor Accruing Prior to Transfer Date: CESTAT Reiterates SC Decision [Read Order]")
Claims or Claim of any Debts cannot be recovered from Corporate Debtor Accruing Prior to Transfer Date: CESTAT Reiterates SC Decision [Read Order]
The Kolkata Bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ), reiterated the Supreme Court decision, wherein it was held...
![‘Operational Creditors’ can claim only Money that is payable as per Section 53 of IBC: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Operational-Creditors-can-claim-only-Money-that-is-payable-IBC-NCLT-TAXSCAN.jpg "‘Operational Creditors’ can claim only Money that is payable as per Section 53 of IBC: NCLT [Read Order]")
Empee Distilleries Ltd withdraws Writ Petition at Madras HC for quashing Demand Order in view of Resolution Plan [Read Order]
A Single Bench of the Madras High Court has recently allowed the withdrawal request of the Empee Distilleries Limited in the Writ of Declaration (quo warranto) filed in order to declare the demand...
![Empee Distilleries Ltd withdraws Writ Petition at Madras HC for quashing Demand Order in view of Resolution Plan [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Empee-Distilleries-Ltd-Writ-Petition-Bombay-HC-demand-Resolution-Plan-taxscan.jpg "Empee Distilleries Ltd withdraws Writ Petition at Madras HC for quashing Demand Order in view of Resolution Plan [Read Order]")
No Requirement of Consent of Secured Creditors for Amalgamation when Net Worth of Transferor and Transferee is highly positive: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLAT), ruled that No requirement of consent of secured creditors for Amalgamation when Net Worth of transferor and transferee is...
![No Requirement of Consent of Secured Creditors for Amalgamation when Net Worth of Transferor and Transferee is highly positive: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Consent-of-Secured-Creditors-Amalgamation-Transferor-Net-Worth-of-Transferor-Transferee-NCLAT-taxscan.jpg "No Requirement of Consent of Secured Creditors for Amalgamation when Net Worth of Transferor and Transferee is highly positive: NCLAT [Read Order]")
Reappointment is not a Vested Right: Gujarat HC denies to Compel Expedition of Appointment of Judicial Member of NCLT [Read Order]
A Division Bench of the Gujarat HC has recently denied to compel the expeditious appointment of Manorama Kumari as the Judicial Member pursuant to the willingness shown in being reappointed at the...
![Reappointment is not a Vested Right: Gujarat HC denies to Compel Expedition of Appointment of Judicial Member of NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Reappointment-Vested-Right-Gujarat-HC-Expedition-of-Appointment-of-Judicial-Member-of-NCLT-TAXSCAN.jpg "Reappointment is not a Vested Right: Gujarat HC denies to Compel Expedition of Appointment of Judicial Member of NCLT [Read Order]")
Adjudicating Authority obligated to initiate the ' Liquidation Process’ u/s 33(1) of the I&B Code when ‘Committee of Creditors’ rejected the resolution plan: NCLT
The Chennai Bench of the National Company Law Tribunal (NCLT) has held that Adjudicating Authority is obligated to initiate the ' Liquidation Process’ u/s 33(1) of the I&B Code when ‘Committee of...
SIDBI can't take Possession of Corporate Debtor's Assets Which are not Subject Matter of Litigation to Facilitate Corporate Insolvency Resolution Process: NCLT
The National Company Law Tribunal (NCLT) of Chandigarh Bench held thatthe Small Industries Development Bank of India (SIDBI), the financial creditorcan't take Possession of Corporate Debtor's Assets...
![No Gratuity Payable When Corporate Debtor does not Create a Gratuity Fund: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Gratuity-Payable-Corporate-Debtor-Gratuity-Fund-NCLT-TAXSCAN.jpg "No Gratuity Payable When Corporate Debtor does not Create a Gratuity Fund: NCLT [Read Order]")
![SEBI Notifies Listing Obligations and Disclosure Requirements Regulations, 2022 [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/11/SEBI-Notifies-Requirements-Regulations-TAXSCAN.jpg "SEBI Notifies Listing Obligations and Disclosure Requirements Regulations, 2022 [Read Notification]")