![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]")
Resolution Professional Becomes Functus Officio After Approval of Plan under IBC: NCLT [Read Order]
The Mumbai bench of the National Company Law Tribunal (NCLT) observed that Resolution Professional (RP) is not empowered to file an application after...
![Relief to Patanjali Foods, Claim Arising out of AP VAT Act or GST Act Extinguished on Approval of Resolution Plan: Andhra Pradesh HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/GST-Goods-and-Service-Tax-GST-Act-Goods-and-Service-Tax-Act-Patanjali-Foods-TAXSCAN.jpg "Relief to Patanjali Foods, Claim Arising out of AP VAT Act or GST Act Extinguished on Approval of Resolution Plan: Andhra Pradesh HC [Read Order]")
IBBI Notifies Extension of Time for Filing Forms to Monitor Voluntary Liquidation Processes under IBCÂ [Read Circular]
The Insolvency and Bankruptcy Board of India ( IBBI ) notified Vide Circular No. IBBI/LIQ/74/2024 dated 28.06.2024Â extended the time for filing Forms to monitor voluntary liquidation processes under...
CIRP Petition can be rejected on Failure of Operational Creditors to Comply with S. 69(2) of Indian Partnership Act: NCLT [Read Order]
The Hyderabad bench of the National Company Law Tribunal ( NCLT ) dismissed a Section 9 application filed under the Insolvency and Bankruptcy Code, 2016 by Amogh Industrial Products. The Operational...
No Interest Can be Claimed In Insolvency Petition Without Prior Intimation to Corporate Debtor: NCLT [Read Order]
The Bengaluru bench of the National Company Law Tribunal (NCLT),while dismissing a petition under section 9 of the Insolvency and Bankruptcy Code (IBC), 2016 held that no interest can be claimed in...
Legitimate Claim of Creditors cannot be Defeated Using Moratorium as Shield: NCLT Rules on Punjab National Bank Case
In a ruling of Punjab National Bank Chandigarh Bench of the National Company Law Tribunal ( NCLT ) while admitting an insolvency petition under section 95 of the Insolvency and Bankruptcy...
