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...
![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]")
![Interim Moratorium u/s 96 of IBC for one of the Guarantors would not ipso facto apply against Co-Guarantor: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/IBC-Guarantors-Co-Guarantor-Delhi-HC-taxscan.jpg "Interim Moratorium u/s 96 of IBC for one of the Guarantors would not ipso facto apply against Co-Guarantor: Delhi HC [Read Order]")
![Income Tax Liability on Notional Income arose on Resolution Plan due to write back of unpaid dues to Creditors can be waived off: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Income-Tax-Liability-notional-income-resolution-plan-NCLT-taxscan.jpg "Income Tax Liability on Notional Income arose on Resolution Plan due to write back of unpaid dues to Creditors can be waived off: NCLT [Read Order]")
Liabilities payable to Central or State Govt in any period prior to Acquisition will be Written Off in full in terms of Resolution Plan as approved by NCLT: ITAT [Read Order]
Income Tax Appellate Tribunal (ITAT), New Delhi bench consisting of NK Billaiya, Accountant Member and Yogesh Kumar US, Judicial Member held that liabilities payable to Central or State Government in...
![Liabilities payable to Central or State Govt in any period prior to Acquisition will be Written Off in full in terms of Resolution Plan as approved by NCLT: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Liabilities-Central-State-Government-acquisition-resolution-plan-NCLT-ITAT-taxscan.jpg "Liabilities payable to Central or State Govt in any period prior to Acquisition will be Written Off in full in terms of Resolution Plan as approved by NCLT: ITAT [Read Order]")
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]")
![Assessment Order framed against Non-Existing Company is void ab initio: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Assessment-order-void-ab-initio-ITAT-taxscan.jpg "Assessment Order framed against Non-Existing Company is void ab initio: ITAT [Read Order]")
Income Tax Appeal not maintainable Insolvency Resolution Proceedings initiated on a Corporate Debtor: ITAT dismisses Appeal [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the income tax appeal is not maintainable once Insolvency Resolution proceedings are initiated against a Corporate Debtor...
![Income Tax Appeal not maintainable Insolvency Resolution Proceedings initiated on a Corporate Debtor: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Income-Tax-Appeal-Insolvency-Resolution-Proceedings-Corporate-Debtor-ITAT-Appeal-taxscan.jpg "Income Tax Appeal not maintainable Insolvency Resolution Proceedings initiated on a Corporate Debtor: ITAT dismisses Appeal [Read Order]")
![Income Tax proceedings against CIRP: Delhi HC stays Demand and Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Income-Tax-CIRP-Delhi-HC-Demand-Penalty-Taxscan.jpeg "Income Tax proceedings against CIRP: Delhi HC stays Demand and Penalty [Read Order]")
Appeals by Assessee as well as Revenue are not Maintainable unless Liquidator amend Form 36A during Winding up Proceedings: ITAT [Read Order]
The Mumbai bench of Income Tax Appellate Tribunal ( ITAT ) has held that appeals by the assessee as well as revenue are not maintainable unless liquidator amend form 36A during winding up...
![Appeals by Assessee as well as Revenue are not Maintainable unless Liquidator amend Form 36A during Winding up Proceedings: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Appeals-Assessee-Revenue-Liquidator-amend-Winding-up-ITAT-taxscan.jpeg "Appeals by Assessee as well as Revenue are not Maintainable unless Liquidator amend Form 36A during Winding up Proceedings: ITAT [Read Order]")
An Appeal under IBC is valid only if it is initiated within 30 days from Date of Order: Supreme Court [Read Order]
The Supreme Court has held that an appeal under the Insolvency and Bankruptcy Code (IBC) is valid only if it is initiated within 30 days from the date of the order by National Company Law Tribunal. ...
![An Appeal under IBC is valid only if it is initiated within 30 days from Date of Order: Supreme Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Appeal-IBC-order-SC-Taxscan.jpeg "An Appeal under IBC is valid only if it is initiated within 30 days from Date of Order: Supreme Court [Read Order]")