[Taxscan360] Employee Rights of Companies undergoing Insolvency
What is Insolvency? A company is said to be insolvent when its financial debts supersede over company assets, in such cases of business distress...
Absence of claim not Forming Part of Resolution Plan: Gujarat HC quashes Demand Notice and Assessment Order [Read Order]
The Gujarat High Court quashed demand notice and assessment order in the absence of claim not forming part of resolution plan. It is the case the petitioner that as per clause 12.3 (viii) of the...
Writ Petition against scheduled e-auction Delayed due to Closure of NCLT: Delhi HC allows to Approach NCLT [Read Order]
The Delhi High Court allowed the petitioner assessee to approach the National Company Law Tribunal ( NCLT ) as the assessee was not appealing against the scheduled e-auction due to the Closure of...
![Approval of Resolution Plan by NCLT Abates appeals before CESTAT: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/02/CESTAT-Chandigarh-NCLT-National-Company-Law-Tribunal-NCLT-resolution-plan-approval-NCLT-decision-on-appeals-Taxscan.jpg "Approval of Resolution Plan by NCLT Abates appeals before CESTAT: CESTAT [Read Order]")
Interim Resolution Professional can Continue to Function till Date of Appointment of Resolution Professional: NCLT
The Indore Bench of the National Company La Tribunal ( NCLT ) observed that the interim resolution professional can continue to function till the date of appointment of the resolution professional. ...
Supreme Court’s Criticism on ‘Quality of Tribunal Members, Impacts on Slow Resolution and Quality Orders: Legal Experts [Read Order]
After the Criticism of the Supreme Court on the National Company Law Appellate Tribunal (NCLAT) and National Company Law Tribunal (NCLT) which have pointed out the quality of members and their impact...
PSBs have not Recovered even ₹1 vs ₹5 Written Off in Last Nine Years: Finance Ministry clarifies in Lok Sabha
The Finance Ministry clarified before the Lok Sabha that the Public Sector Banks (PSB) have not recovered even ₹1 vs ₹5 written off in the last nine years.The Minister did not name individual...
