All Liabilities of Corporate Debtor stand Extinguished after Approval of Resolution Plan: NCLT [Read Order]
The National Company Law Tribunal (NCLT) of Bengaluru bench has held that all claims including subject matter of ongoing arbitration proceedings...
![Share Capital Reduction Does Not Exempt Company From Fulfilling Other Statutory Obligations: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Share-Capital-NCLT-Fulfilling-Other-Statutory-Obligations-Share-Capital-Reduction-the-Ahmedabad-bench-of-National-Company-Law-Tribunal-Taxscan.jpg "Share Capital Reduction Does Not Exempt Company From Fulfilling Other Statutory Obligations: NCLT [Read Order]")
SC reiterates Legal Framework for Withdrawal and Settlement of Claims in CIRP while adjudging Byju’s matters [Read Judgement]
The Supreme Court of India while jointly adjudicating two matters against besieged Ed-Tech mammoth Byju’s, emphasized the need to follow the legal framework laid down by statutory provisions for the...
SC Orders Escrowed 158 Crore in Byju’s matters to be Deposited with CoC, observes CIRP Violations in NCLAT Order [Read Judgement]
The Supreme Court of India delivered a notable judgment setting aside the ruling of the National Company Law Appellate Tribunal (NCLAT) in the insolvency proceedings against Ed-Tech giant Byju’s,...
IBBI dismisses RTI Appeal seeking SCN issued to Insolvency Professional citing Confidential Nature of Commercial Documents [Read Order]
The Executive Director and First Appellate Authority of Insolvency and Bankruptcy Board Of India ( IBBI ) recently dismissed a Right to Information ( RTI ) Application seeking a copy of Show-Cause...
Defendant Cannot Compel Plaintiff to summon and examine his Chartered Accountant, says Delhi HC in Civil Matter [Read Order]
The Delhi High Court observed that the defendant cannot compel plaintiff to summon and examine his Chartered Accountant as such actions related to this such as production of audited balance-sheets,...
Indirect Taxes do not Supersede Orders in CIRP: Andhra Pradesh HC quashes Demand Orders Against Patanjali [Read Order]
In a recent case before Andhra Pradesh High Court the Patanjali’s liabilities under Value-added Taxes (VAT)/ Goods and Services Tax ( GST ) were nullified following the approval of Resolution Plan by...
![Indirect Taxes do not Supersede Orders in CIRP: Andhra Pradesh HC quashes Demand Orders Against Patanjali [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Andhra-Pradesh-High-Court-Andhra-Pradesh-HC-GST-Goods-and-Services-Tax-VAT-Value-added-Taxes-Indirect-Taxes-NCLT-National-Company-Law-Tribunal-CIRP-Patanjali-High-Court-news-taxscan.jpg "Indirect Taxes do not Supersede Orders in CIRP: Andhra Pradesh HC quashes Demand Orders Against Patanjali [Read Order]")
