NCLAT cannot Direct NCLT to Admit Petition u/7 of IBC without Evaluating Rival Contentions on Merits: SC [Read Order]
In a recent decision the Supreme Court of India ruled that the National Company Law Appellate Tribunal (NCLAT) cannot direct the National Company Law...
![CESTAT Annual Case Digest [Part-16]](https://www.taxscan.in/wp-content/uploads/2024/01/CESTAT-Annual-Case-Digest-Part-16-TAXSCAN-1.jpg "CESTAT Annual Case Digest [Part-16]")
![No proceedings shall be initiated, when NCLT granted moratorium against CD u/s 14 of IBC: ITAT dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/No-proceedings-NCLT-moratorium-CD-IBC-ITAT-Appeal-TAXSCAN.jpg "No proceedings shall be initiated, when NCLT granted moratorium against CD u/s 14 of IBC: ITAT dismisses Appeal [Read Order]")
Supreme Court’s Criticism on ‘Quality of Tribunal Members, Impacts on Slow Resolution and Quality Orders: Legal Experts [Read Order]
After the Criticism of the Supreme Court on the National Company Law Appellate Tribunal (NCLAT) and National Company Law Tribunal (NCLT) which have pointed out the quality of members and their impact...
Amount given by Financial Creditor as Investment for Joint Venture to Corporate Debtor is not Financial Debt under IBC: NCLT
The Guwahati Bench of the National Company Law Tribunal ruled that the amount given by financial creditor as investment for joint venture to corporate debtor is not financial debt under the...
Properties sold In Auction Sale Before Declaration of Moratorium not Liquidation Asset under IBC: SC [Read Judgement]
In a significant ruling the Supreme Court of India ruled that the properties sold in auction sale before declaration of moratorium not liquidation asset under the Insolvency and Bankruptcy Code (IBC)...
Promoter Eligible to Submit Resolution Plan even if MSME Registration obtained Post Commencement of CIRP: SC [Read Judgement]
The Supreme Court in a recent ruling held that the promoter is eligible to submit resolution plan even if MSME registration obtained post commencement of CIRP. Shree Aashraya Infra-Con Limited...
NCLT Directs Income Tax Dept. to Refund Rs. 28.92 Lakhs TDS deducted u/s 194IA from e-Auction Purchasers to CD [Read Order]
The Ahmadabad bench of the National Company Law Tribunal (NCLT) directed the Income Tax Department to refund Rs, 28.92 lakhs tax deducted at source (TDS), under Section 194IA of the Income Tax Act...
![NCLT Directs Income Tax Dept. to Refund Rs. 28.92 Lakhs TDS deducted u/s 194IA from e-Auction Purchasers to CD [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/NCLT-Income-Tax-Dept-NCLT-Directs-Income-Tax-Dept.-to-Refund-TDS-e-Auction-Purchasers-to-CD-CD-taxscan.jpg "NCLT Directs Income Tax Dept. to Refund Rs. 28.92 Lakhs TDS deducted u/s 194IA from e-Auction Purchasers to CD [Read Order]")
Written Response From Corporate Debtor not Necessary for Deciding Preliminary Issue of Maintainability of Petition u/s 9 of IBC: NCLT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal (NCLT) observed that the servicer of aircraft lessors has no locus standi to file insolvency proceedings against Spicejet in the...
Airport Authority of India Is a Statutory Body, Does Not Fall within Scope of a Corporate Person under IBC: NCLT [Read Order]
The National Company Law Tribunal (NCLT) of Hyderabad held that the Airport Authority of India Is a Statutory Body and does Not Fall within the Scope of a Corporate Person under the Insolvency...
