NCLT prescribes Dress Code for Members, Lawyers, CAs, CSs, IRP/RP/Liquidators and Parties in Person
The New Delhi National Company Law Tribunal has notified the prescribed dress code for Tribunal President, Company Law Tribunal Members, Legal...
![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]")
![‘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]")
Reappointment is not a Vested Right: Gujarat HC denies to Compel Expedition of Appointment of Judicial Member of NCLT [Read Order]
A Division Bench of the Gujarat HC has recently denied to compel the expeditious appointment of Manorama Kumari as the Judicial Member pursuant to the willingness shown in being reappointed at the...
![Reappointment is not a Vested Right: Gujarat HC denies to Compel Expedition of Appointment of Judicial Member of NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Reappointment-Vested-Right-Gujarat-HC-Expedition-of-Appointment-of-Judicial-Member-of-NCLT-TAXSCAN.jpg "Reappointment is not a Vested Right: Gujarat HC denies to Compel Expedition of Appointment of Judicial Member of NCLT [Read Order]")
Petition to Quash Re-Assessment against Struck-Off Company cannot be Entertained after Restoration by MCA: Delhi HC imposes Cost of Rs. 50,000 [Read Order]
A division bench of the Delhi High Court has imposed a cost of Rs. 50,000 against the assessee for filing petition seeking to nullify the re-assessment under section 148 of the Income Tax Act, 1961...
![Petition to Quash Re-Assessment against Struck-Off Company cannot be Entertained after Restoration by MCA: Delhi HC imposes Cost of Rs. 50,000 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Petition-to-Quash-Re-Assessment-against-Struck-Off-Company-cannot-be-Entertained-after-Restoration-by-MCA-Delhi-HC-TAXSCAN.jpg "Petition to Quash Re-Assessment against Struck-Off Company cannot be Entertained after Restoration by MCA: Delhi HC imposes Cost of Rs. 50,000 [Read Order]")
Adjudicating Authority obligated to initiate the ' Liquidation Process’ u/s 33(1) of the I&B Code when ‘Committee of Creditors’ rejected the resolution plan: NCLT
The Chennai Bench of the National Company Law Tribunal (NCLT) has held that Adjudicating Authority is obligated to initiate the ' Liquidation Process’ u/s 33(1) of the I&B Code when ‘Committee of...
Misconduct: IBBI Imposes Fine of 2 Lakh Rupees on Chartered Accountant/IP for Violation of Regulations [Read Order]
The Insolvency and Bankruptcy Board of India ( IBBI ) has imposed a fine of Rs. 2 lakh on a Chartered Accountant/Insolvency Professional for the alleged contravention of section 12, 25(2)(f),...
![Misconduct: IBBI Imposes Fine of 2 Lakh Rupees on Chartered Accountant/IP for Violation of Regulations [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Misconduct-IBBI-Chartered-Accountant-CA-Insolvency-and-Bankruptcy-Board-of-India-IBBI-Imposes-Fine-taxscan.jpg "Misconduct: IBBI Imposes Fine of 2 Lakh Rupees on Chartered Accountant/IP for Violation of Regulations [Read Order]")
SIDBI can't take Possession of Corporate Debtor's Assets Which are not Subject Matter of Litigation to Facilitate Corporate Insolvency Resolution Process: NCLT
The National Company Law Tribunal (NCLT) of Chandigarh Bench held thatthe Small Industries Development Bank of India (SIDBI), the financial creditorcan't take Possession of Corporate Debtor's Assets...
![No Gratuity Payable When Corporate Debtor does not Create a Gratuity Fund: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Gratuity-Payable-Corporate-Debtor-Gratuity-Fund-NCLT-TAXSCAN.jpg "No Gratuity Payable When Corporate Debtor does not Create a Gratuity Fund: NCLT [Read Order]")
![Provident Fund dues are not Assets of Corporate Debtor and have to be paid in Full: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/Provident-Fund-Assets-Corporate-Debtor-NCLT-taxscan.jpg "Provident Fund dues are not Assets of Corporate Debtor and have to be paid in Full: NCLT [Read Order]")