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Income Tax Appeal not Maintainable during the pendency of IBC Proceedings: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Hyderabad bench has held that the income tax appeal is not maintainable during the pendency of Insolvency...

Default Debt includes Principal and Interest on delayed payment: NCLAT [Read Order]

NCLAT sets aside Order Admitting Application filed under Section 7 without fulfilling the Threshold...

Salary incrementation is valid by an Employment Agreement or Board Resolution, No claims sustain...

Rajasthan HC quashes VAT Demand against Corporate Debtor: Directs VAT Dept to Refund Deposit 'Paid...

Mere Error of Address in Postal Receipt does not Bely the Sending of Notice: NCLAT [Read Order]

The Principal Bench of National Company Law Appellate Tribunal ( NCLAT ) has held that mere error of address in Postal Receipt does not bely the sending of notice. The Operational Creditor...

Resolution Professional of its own cannot withhold any plan and refuse to submit same before CoC: NCLAT [Read Order]

The Principle bench of National Company Law Appellate Tribunal has held that Resolution Professional of its own cannot withhold any plan and refuse to submit the same before the Committee of...

NCLT allows IRP Against Personal Guarantor in Absence of CIRP of Corporate Debtor: Supreme Court stays Order [Read Order]

The Supreme Court has stayed the order of the NCLAT in the matter of State Bank of India v. Mahendra Kumar Jajodia, wherein the Appellate Tribunal had settled the widely contended position on whether...

PF Dues are Not the Assets of the Corporate Debtor: NCLAT Directs to Release Full Provident Fund to Ex-Employees [Read Order]

The National Company Law Appellate Tribunal ( NCLAT ) has held that PF dues are not the assets of the Corporate Debtor and directs to release the full provident fund to ex-employees. The...

IBBI is fully clothed with Jurisdiction to regulate Payment of Remuneration of RP & IRP: NCLAT [Read Order]

The National Company Law Appellate Tribunal (NCLAT), has observed that IBBI is fully clothed with the jurisdiction to regulate payment of remuneration of Resolution Professional and Interim...

Justice Ashok Bhushan and Justice Ramalingam Sudhakar to head NCLAT and NCLT [Read Notifications]

The Central Government has appointed Justice (Retd.) Ashok Bhushan, former Judge of the Supreme Court of India as Chairperson in the National Company Law Appellate Tribunal ( NCLAT). The Central...

Operational Creditor is at liberty to file appropriate legal proceedings to recover his claims if Resolution Plan was withdrawn: NCLAT [Read Order]

The Delhi Bench of National Company Law Appellate Tribunal (NCLAT) has held that the Operational Creditor is at liberty to file appropriate legal proceedings to recover his claims if the Resolution...

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