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Application u/s 7 of IBC Admitted can be Recalled on Proving Fraud or Malicious Intent: NCLAT [Read Order]
Recently, the New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has held that when CIRP proceedings are initiated...
Notice to Merged Entity Void ab intio: ITAT strikes down Income Tax Reassessment u/s 148 [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) struck down a reassessment proceeding initiated against a non-existent company, declaring it void ab initio and had no legal validity. ...
![Notice to Merged Entity Void ab intio: ITAT strikes down Income Tax Reassessment u/s 148 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/ITAT-ITAT-Mumbai-ncome-Tax-Reassessment-Taxscan.jpg "Notice to Merged Entity Void ab intio: ITAT strikes down Income Tax Reassessment u/s 148 [Read Order]")
19,969 Pending Cases at NCLT: Standing Committee Flags Procedural Delays and Manpower Shortages [Read Order]
The National Company Law Tribunal ( NCLT ) has a backlog of 19,969 cases, as per the report of the Standing Committee on Finance. The committee has raised concerns over stating the procedural...
![Resolution Professional Becomes Functus Officio After Approval of Plan under IBC: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Resolution-Professional-Functus-Officio-IBC-NCLT-taxscan.jpg "Resolution Professional Becomes Functus Officio After Approval of Plan under IBC: NCLT [Read Order]")
Time-Period u/s 61 of IBC cannot be Extended on Ground of Limitation Act: NCLAT Rules against Hero Exports [Read Order]
In a ruling against Hero Exports , the Chennai bench of National Company Law Appellate Tribunal ( NCLAT ) held that the time period under section 61 of Insolvency Bankruptcy Code ( IBC ), 2016 cannot...
