NCLT rejects CIRP Petition against Birla Global Corporate Private Limited [Read Order]
The National Company Law Tribunal (NCLT) has recently rejected the Corporate Insolvency Plea filed by Birla Cotsyn (India) Limited through its...
![Disallowance of Availment of Cenvat credit of Service Tax: CESTAT directs to follow NCLT Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/04/Disallowance-Cenvat-credit-Service-Tax-CESTAT-NCLT-Order-TAXSCAN.jpg "Disallowance of Availment of Cenvat credit of Service Tax: CESTAT directs to follow NCLT Order [Read Order]")
Failed to submit statutory Record due to internal dispute among shareholders and management: NCLT sets aside Order removes name from ROC [Read Order]
The Delhi principal bench of the National Company Law Appellate Tribunal (NCLAT)set aside an order which removes the name from the Registrar of Companies(ROC)since the assessee failed to submit a...
Production of Truncated Documents against CD: NCLT Kochi dismisses CIRP Petition of Phoenix Arc Pvt Ltd [Read Order]
The National Company Law Tribunal Bench at Kochi has recently dismissed the Corporate Insolvency Resolution Process (CIRP) initiation petition by Phoenix Arc Private Limited, an asset reconstruction...
![Production of Truncated Documents against CD: NCLT Kochi dismisses CIRP Petition of Phoenix Arc Pvt Ltd [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/Truncated-Documents-CD-NCLT-NCLT-Kochi-Kotak-mahindra-bank-CIRP-CIRP-Petition-Phoenix-Arc-Pvt-Ltd-Taxscan.jpg "Production of Truncated Documents against CD: NCLT Kochi dismisses CIRP Petition of Phoenix Arc Pvt Ltd [Read Order]")
Relief to Tata Steel BSL Ltd, Avoidance applications under IBC can be heard approval of Resolution Plan: Delhi HC [Read Order]
A Division Bench of the Delhi High Court observed that avoidance applications under Insolvency and Bankruptcy Code (IBC) can be heard approval of Resolution Plan, thereby granting relief to Tata...
Adjudicating Authority being the Appointing Authority of IRP/RP has Jurisdiction to remove RP: NCLT [Read Judgement]
The National Company Law Appellate Tribunal ( NCLT ) held that the adjudicating authority being the appointing authority of Insolvency Resolution Process (IRP)/RP has jurisdiction to remove...
![Adjudicating Authority being the Appointing Authority of IRP/RP has Jurisdiction to remove RP: NCLT [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2023/01/Adjudicating-Authority-IRP-RP-Jurisdiction-NCLT-National-Company-Law-Appellate-Tribunal-Insolvency-Resolution-Process-taxscan.jpg "Adjudicating Authority being the Appointing Authority of IRP/RP has Jurisdiction to remove RP: NCLT [Read Judgement]")
Taking Measures to Prevent Frauds and Failure of Internal Financial Controls is Need of the Hour” for Finance Community, says NFRA Chief
Speaking at the conference on “Financial Reporting and Corporate Governance in the Corporate Sector”, Dr Ajay Bhushan Prasad Pandey, Chairperson, NFRA, said need of the hour for the Finance Community...
‘Operational Creditors’ can claim only Money that is payable as per Section 53 of IBC: NCLT [Read Order]
The Delhi Bench of the National Company Law Tribunal (NCLT) while considering a bunch of appeals has held that ‘Operational Creditors’ can claim only the money that is payable as per Section 53 of...
![‘Operational Creditors’ can claim only Money that is payable as per Section 53 of IBC: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Operational-Creditors-can-claim-only-Money-that-is-payable-IBC-NCLT-TAXSCAN.jpg "‘Operational Creditors’ can claim only Money that is payable as per Section 53 of IBC: NCLT [Read Order]")