No Bar to Liability of Signatory of Cheque under NI Act due to Initiation of Proceedings under IBC: Madhya Pradesh HC [Read Order]
The Madhya Pradesh High Court has held that there is no bar to the liability of the signatory of the cheque under the Negotiable Instruments Act,...
Scheme of Arrangement on Demerger of Hotel by ITC: NCLT directs by to Convene Meeting of Shareholders on June 6 [Read Order]
The National Company Law Tribunal ( NCLT ) has directed the ITC company to convene a meeting of shareholders on June 6, 2024 to consider and approve the proposed demerger of its hotel business. ...
NCLT not Empowered to Set Aside Arbitral Award passed during Moratorium Period u/s 14 of IBC: NCLT [Read Order]
The Kolkata Bench of the National Company Law Tribunal ( NCLT ) held that the NCLT is not empowered to set aside arbitral award passed during moratorium period under Section 14 of the Insolvency and...
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]")