IBBI Organises an IP Conclave in Chennai
The Insolvency and Bankruptcy Board of India (IBBI), in association with the three Insolvency Professional Agencies, namely, the Indian Institute of...
![‘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]](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]](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]](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]")
Interim Moratorium u/s 96 of IBC for one of the Guarantors would not ipso facto apply against Co-Guarantor: Delhi HC [Read Order]
The Delhi High Court observed that Interim Moratorium under Section 96 of Insolvency and Bankruptcy Code, 2016 (IBC) for one of the Guarantors would not ipso facto apply against a Co-Guarantor. In...
![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]
The Mumbai Bench of the National Company Law Tribunal (NCLT) has held that income tax liability on notional income arose on resolution plan due to write back of unpaid dues to creditors can be waived...
![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]")