![Creditors can’t Initiate Proceedings to Recover Claims not a part of Resolution Plan: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/04/Creditors-Resolution-Plan-Supreme-Court-Taxscan-opengraph.jpeg "Creditors can’t Initiate Proceedings to Recover Claims not a part of Resolution Plan: Supreme Court [Read Judgment]")
Creditors can’t Initiate Proceedings to Recover Claims not a part of Resolution Plan: Supreme Court [Read Judgment]
The Supreme Court while upholding the “Clean Slate Theory” ruled that creditors can not initiate Proceedings to recover claims not a part of the...
![Principal Borrower need not be Corporate Person for Insolvency Process to be initiated against Corporate Guarantor: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Principal-borrower-corporate-person-insolvency-process-Corporate-Guarantor-Supreme-Court-taxscan.jpeg "Principal Borrower need not be Corporate Person for Insolvency Process to be initiated against Corporate Guarantor: Supreme Court [Read Judgment]")
![Ex-promoters ineligible to suggest Revival Scheme under Companies Act: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Ex-promoters-Companies-Act-Supreme-Court-Taxscan.jpeg "Ex-promoters ineligible to suggest Revival Scheme under Companies Act: Supreme Court [Read Judgment]")
![Interest Free Loan could not be treated as a Financial Debt without evidence that the amount was disbursed for time Value of Money: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/Financial-Debt-NCLAT-Interest-free-loan-time-value-of-money-Taxscan.jpg "Interest Free Loan could not be treated as a Financial Debt without evidence that the amount was disbursed for time Value of Money: NCLAT [Read Order]")
NCLAT: Period of Judicial Intervention to be excluded while counting and computing the period of CIRP [Read Order]
The National Company Law Appellate Tribunal (NCLAT) New Delhi has ordered that period of judicial intervention is justifiably required to be excluded while counting and computing the period of...
![NCLAT: Period of Judicial Intervention to be excluded while counting and computing the period of CIRP [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/02/NCLAT-Judicial-Intervention-period-of-CIRP-Taxscan.jpg "NCLAT: Period of Judicial Intervention to be excluded while counting and computing the period of CIRP [Read Order]")
Liquidator does not have Income Tax Liabilities: NCLAT directs IT Dept to Refund erroneously collected TDS [Read Judgment]
The National Company Law Appellate Tribunal on Monday ruled that the liquidator of a Company under liquidation has no liability to fulfill the income tax obligations and therefore, the Income Tax...
![Liquidator does not have Income Tax Liabilities: NCLAT directs IT Dept to Refund erroneously collected TDS [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/02/Liquidator-Income-Tax-Liabilities-NCLAT-IT-Dept-Refund-TDS-Taxscan-1.jpg "Liquidator does not have Income Tax Liabilities: NCLAT directs IT Dept to Refund erroneously collected TDS [Read Judgment]")
Retrospective bar against initiation of CIRP applies to applications filed from 25 March 2020: Supreme Court [Read Judgment]
The Supreme Court held that Section 10A of the Insolvency and Bankruptcy Code (IBC) barred filing of applications for the commencement of the CIRP in respect of a corporate debtor for a default...
![Retrospective bar against initiation of CIRP applies to applications filed from 25 March 2020: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/02/Retrospective-bar-CIRP-Supreme-Court-Taxscan.jpg "Retrospective bar against initiation of CIRP applies to applications filed from 25 March 2020: Supreme Court [Read Judgment]")
328 appeals have been filed before NCLAT from decisions of CCI till Jan 31st, says MoS Anurag Thakur
As per the data received from the National Company Law Appellate Tribunal (NCLAT), a total of 328 appeals have been filed before the NCLAT from the decisions of the Competition Commission of India...
Collusive or Sham Transactions with a Corporate Debtor won’t amount to ‘Financial Debt’: Supreme Court [Read Judgment]
The Supreme Court held that the Collusive or sham transactions with a corporate debtor will not amount to ‘financial debt’ under the Insolvency and Bankruptcy Code 2016. The appellant, Phoenix Arc...
![Collusive or Sham Transactions with a Corporate Debtor won’t amount to ‘Financial Debt’: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/02/Collusive-Sham-Transactions-Corporate-Debtor-Financial-Debt-Supreme-Court-Taxscan.jpg "Collusive or Sham Transactions with a Corporate Debtor won’t amount to ‘Financial Debt’: Supreme Court [Read Judgment]")
Know about 11 provisions of Companies (Amendment) Act, 2020 effective from today [Read Notification]
The Ministry of Corporate Affairs (MCA) notified 22 January 2021 as the date on which 11 provisions of the Companies (Amendment) Act, 2020 will be enforced. Sections 2, 11, 25, 27, 53, 55, 58, 59,...
![Know about 11 provisions of Companies (Amendment) Act, 2020 effective from today [Read Notification]](https://www.taxscan.in/wp-content/uploads/2021/01/11-provisions-of-Companies-Amendment-Act-Taxscan.jpg "Know about 11 provisions of Companies (Amendment) Act, 2020 effective from today [Read Notification]")