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Servicer of Aircraft Lessors has no Locus Standi to File Insolvency Proceedings Against SpiceJet in Absence of Privity of Contract: 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...
![Director not liable to pay GST when it is not Determinable that Company is unable to Pay during Liquidation Proceedings: Madras HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/GST-Liquidation-Proceedings-Madras-High-Court-GST-Pay-during-Liquidation-Proceedings-Director-taxscan.jpg "Director not liable to pay GST when it is not Determinable that Company is unable to Pay during Liquidation Proceedings: Madras HC [Read Order]")
![Appeal abates once NCLT approves Resolution Plan, says CESTAT in Patanjali Food’s Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Appeal-NCLT-Resolution-Plan-Patanjali-CESTAT-Patanjali-Foods-appeal-taxscan.jpg "Appeal abates once NCLT approves Resolution Plan, says CESTAT in Patanjali Food’s Appeal [Read Order]")
NCLT must pass Reasoned Order for Rejection of Resolution Plan u/s 31(2) of IBC: Supreme Court [Read Order]
In a significant ruling the Supreme Court of India observed that the National Company Law Tribunal (NCLT) must pass reasoned order for rejection of resolution plan under Section 31(2) of the...
![Kerala GST Department issues SOP for IBC cases before NCLT [Read Notification]](https://www.taxscan.in/wp-content/uploads/2023/11/Kerala-GST-Department-GST-Department-SOP-IBC-NCLT-taxscan.jpg "Kerala GST Department issues SOP for IBC cases before NCLT [Read Notification]")
![Income Tax Dues before Approval of Resolution Plan By NCLT: Delhi HC Dismisses Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Income-Tax-Dues-Resolution-Plan-NCLT-Delhi-High-Court-Appeal-taxscan.jpg "Income Tax Dues before Approval of Resolution Plan By NCLT: Delhi HC Dismisses Appeal [Read Order]")
Deletion of Amount added u/s 68 of Income Tax Act in Consonance with NCLT order: Delhi HC sets aside Demand of Penalty [Read Order]
The Delhi High Court set aside the demand for a penalty as the deletion of the amount added u/s 68 of the Income Tax Act, 1961 in consonance with the National Company Law Tribunal (NCLT) order....
![Deletion of Amount added u/s 68 of Income Tax Act in Consonance with NCLT order: Delhi HC sets aside Demand of Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Income-Tax-Act-Consonance-NCLT-Delhi-HC-Demand-of-Penalty-TAXSCAN.jpg "Deletion of Amount added u/s 68 of Income Tax Act in Consonance with NCLT order: Delhi HC sets aside Demand of Penalty [Read Order]")