NCLT allows Capital Reduction to the tune of Rs.1.95 Crores to Skolte Solutions [Read Order]
The National Company Law Tribunal (NCLT) Kochi Bench allowed the Capital Reduction to the tune of Rs.1.95 Crores to Skolte Solutions. The...
![NCLT has Jurisdiction to Adjudicate Disputes solely relating to Insolvency of Corporate Debtor: Madras High Court [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/08/NCLT-insolvency-of-corporate-debtor-Madras-High-Court-Taxscan.jpg "NCLT has Jurisdiction to Adjudicate Disputes solely relating to Insolvency of Corporate Debtor: Madras High Court [Read Order]")
![Gujarat High Court Recommends Transfer of Winding-up proceedings to NCLT to avoid Multiplicity of Litigation [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/07/Gujarat-High-Court-transfer-of-winding-up-proceedings-NCLT-Multiplicity-of-Litigation-Taxscan.jpg "Gujarat High Court Recommends Transfer of Winding-up proceedings to NCLT to avoid Multiplicity of Litigation [Read Judgment]")
![Chartered Accountant approaches Madras High Court seeking directions to MCA to get third bench of Chennai NCLT functional [Read Petiton]](https://www.taxscan.in/wp-content/uploads/2021/07/Chartered-Accountant-Madras-High-Court-MCA-NCLT-Taxscan.jpeg "Chartered Accountant approaches Madras High Court seeking directions to MCA to get third bench of Chennai NCLT functional [Read Petiton]")
Relief to Dreamz Infra India: Karnataka High Court quashes Parallel Proceedings by State Govt. as IBC to override State Act [Read Order]
The Karnataka High Court while quashing the parallel Proceedings by the State Government against Dreamz Infra India ruled that the Insolvency and Bankruptcy Code, (2016 (IBC) will have an overriding...
![Relief to Dreamz Infra India: Karnataka High Court quashes Parallel Proceedings by State Govt. as IBC to override State Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/05/Dreamz-Infra-India-Karnataka-High-Court-State-Govt-IBC-State-Act-Taxscan.jpg "Relief to Dreamz Infra India: Karnataka High Court quashes Parallel Proceedings by State Govt. as IBC to override State Act [Read Order]")
NCLT can't direct Invitation of fresh bids from Resolution applicants once Resolution Plan is approved by CoC: NCLAT [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has ruled that the NCLT (National Company Law Tribunal) cannot direct for invitation of fresh bids from resolution applicants once the plan for...
![NCLT cant direct Invitation of fresh bids from Resolution applicants once Resolution Plan is approved by CoC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/NCLT-Invitation-of-fresh-bids-from-resolution-applicants-resolution-plan-CoC-NCLAT-taxscan.jpg "NCLT cant direct Invitation of fresh bids from Resolution applicants once Resolution Plan is approved by CoC: NCLAT [Read Order]")
Legislators never intended to beeline Tax Authorities before NCLT to Recover Tax dues If proceedings initiated against Corporate Debtor: Madras HC on effect of 2019 IBC Amendment
The Madras High Court while commenting on the effect of 2019 Insolvency and Bankruptcy Code, 2016 (IBC) amendment said that Legislators never intended to beeline Tax authorities before the...
![NCLT to hold hearings virtually amid Covid-19 Second Wave [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/04/NCLT-hearings-virtually-Covid-19-Second-Wave-Taxscan.jpg "NCLT to hold hearings virtually amid Covid-19 Second Wave [Read Order]")
Principal Borrower need not be 'Corporate Person' for Insolvency Process to be initiated against Corporate Guarantor: Supreme Court [Read Judgment]
The Supreme Court ruled that the Insolvency Process Maintainable Against Corporate Guarantors even if the principal borrower is not a 'Corporate Person'. The respondent bank, Union Bank of India...
![Principal Borrower need not be Corporate Person for Insolvency Process to be initiated against Corporate Guarantor: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Principal-borrower-corporate-person-insolvency-process-Corporate-Guarantor-Supreme-Court-taxscan.jpeg "Principal Borrower need not be Corporate Person for Insolvency Process to be initiated against Corporate Guarantor: Supreme Court [Read Judgment]")
![Supreme Court quashes NCLAT order reinstating Cyrus Mistry as Chairperson of Tata Sons [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Supreme-Court-NCLAT-order-Cyrus-Mistry-Chairperson-Tata-Sons-taxscan.jpg "Supreme Court quashes NCLAT order reinstating Cyrus Mistry as Chairperson of Tata Sons [Read Judgment]")