Amount given as Share Application Money not Financial Debt under IBC: NCLT
The Kolkata Bench of the National Company Law Appellate Tribunal (NCLT) held that the amount given as share application money is not financial debt...
Adjudicating Authority under IBC not appropriate forum to decide Revocation of Attachment Made by ED during CIRP: NCLT [Read Order]
The Chennai Bench of the National Company Law Tribunal ( NCLT ) held that adjudicating authority under the Insolvency and Bankruptcy Code, 2016 ( IBC ) is not appropriate forum to decide revocation...
ED Summons cannot be quashed Merely as Documents required for Probe not Specified under PMLA: Delhi HC [Read Order]
In a major ruling, the Delhi High Court observed that the Enforcement Directorate ( ED ) summons cannot be quashed merely as documents required for the probe is not specified. The Petitioner is...
Section 29A(C) of IBC disqualifies persons Managing and Controlling Corporate Debtor who Failed to Clear Debts: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) ruled that Section 29A(C) of the Insolvency and Bankruptcy Code, 2016 ( IBC ) disqualifies persons managing and...
Gujarat HC permits use of electronic devices such as Mobile Phone, Laptop or Tablet at NCLT Ahmedabad during Hearings
A Single Bench of Gujarat High Court, composed of Justice Vaibhavi D. Nanavati, allowed the use of electronic devices during court hearings before the National Company Law Tribunal ( NCLT ) in...
ICAI Reprimands CA for Misrepresenting as Managing Director Role Post-Resignation before Stakeholders and Bank Officials
The Institute of Chartered Accountants of India ( ICAI ) reprimanded a Chartered Accountant ( CA ) for misrepresenting himself as the Managing Director of a company, despite having resigned from the...
