![Suspended Board of Directors cannot replace Resolution Professional: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Suspended-Board-of-Directors-Resolution-Professional-NCLT-taxscan.jpg "Suspended Board of Directors cannot replace Resolution Professional: NCLT [Read Order]")
Suspended Board of Directors cannot replace Resolution Professional: NCLT [Read Order]
The National Company Law Tribunal (NCLT), Chennai bench has held that the suspended Board of Directors has no power under the IBC to appoint a...
![IBC doesnt apply on Co-Operative Society as it is not a Corporate Person: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/08/NCLT-liquidation-process-CoC-NCLT-Taxscan.jpg "IBC doesnt apply on Co-Operative Society as it is not a Corporate Person: NCLT [Read Order]")
![Jurisdiction of Authorities under PMLA ceases against Properties of Corporate Debtor once Liquidation is approved: Delhi High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/12/Jurisdication-of-Authorities-PMLA-Ceases-Corporate-Debtor-Liquidation-Delhi-HC-Taxscan.jpg "Jurisdiction of Authorities under PMLA ceases against Properties of Corporate Debtor once Liquidation is approved: Delhi High Court [Read Judgment]")
![MCA sets Minimum Default threshold at Rs.10 lakh for MSME pre-pack Insolvency Resolution [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/04/MCA-minimum-default-threshold-MSME-pre-pack-insolvency-resolution-Taxscan.jpg "MCA sets Minimum Default threshold at Rs.10 lakh for MSME pre-pack Insolvency Resolution [Read Notification]")
If Liquidator appointed by NCLT is already Registered as a distinct person it should continue to remain Registered till Liability Ceases: AAR [Read Order]
The West Bengal Authority of Advance Ruling (AAR) ruled that the sale of the assets of the applicant by an NCLT appointed liquidator is a supply of goods by the liquidator, who is required to take...
![If Liquidator appointed by NCLT is already Registered as a distinct person it should continue to remain Registered till Liability Ceases: AAR [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/07/Liquidator-NCLT-Liability-Ceases-AAR-Taxscan.jpg "If Liquidator appointed by NCLT is already Registered as a distinct person it should continue to remain Registered till Liability Ceases: AAR [Read Order]")
Govt.’s Notification to Increase Threshold Limit from INR 1 Lakh to INR 1 Crore for initiating Insolvency Proceedings has Prospective Effect: NCLT [Read Order]
The National Company Law Tribunal(NCLT) ruled that the Central Government’s notification to increase the threshold limit from INR 1 Lakh to INR 1 Crore for initiating insolvency proceedings has...
![Govt.’s Notification to Increase Threshold Limit from INR 1 Lakh to INR 1 Crore for initiating Insolvency Proceedings has Prospective Effect: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/03/NCLT-Taxscan.jpg "Govt.’s Notification to Increase Threshold Limit from INR 1 Lakh to INR 1 Crore for initiating Insolvency Proceedings has Prospective Effect: NCLT [Read Order]")
![NCLT cancels Summer Vacation 2020 [Read Office Order]](https://www.taxscan.in/wp-content/uploads/2019/02/NCLT-Shvam-Water-Treaters-tTaxscan.jpg "NCLT cancels Summer Vacation 2020 [Read Office Order]")
No debar for Auditor under Companies Act If Fraudulent Intention is not Proved: NCLAT [Read Order]
The National Company Law Tribunal (NCLAT), New Delhi held that the auditor cannot be debarred for 5 years under Companies Act, 2013 in the absence of evidence supporting fraudulent intentions. In the...
![No debar for Auditor under Companies Act If Fraudulent Intention is not Proved: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/02/Auditors-Taxscan.jpg "No debar for Auditor under Companies Act If Fraudulent Intention is not Proved: NCLAT [Read Order]")
MCA notifies NCLT (Recruitment, Salary and other terms and conditions of services) Rules, 2020 [Read Notification]
The Ministry of Corporate Affairs (MCA) has notified National Company Law Tribunal ( NCLT (Recruitment, Salary and other terms and conditions of services) Rules, 2020. These rules pertain to a...
Company under CIRP obliged to Pay Taxes from the Date of Initiation If the Corporate Debtor is a Going Concern: NCLT [Read Order]
The National Company Law Tribunal (NCLT) ruled that any company that has initiated CIRP can be obligated to pay the taxes from the date of initiation of CIRP, if the Corporate Debtor is to be run as a...