Only Debts covered under definition of ‘Operational Debt’ can file application under Section 9 of Insolvency and Bankruptcy Code: NCLT
The National Company Law Tribunal (NCLT), Kochi Bench ruled that only debts covered under the definition of ‘Operational Debt’ can file an...
![Ex-promoters ineligible to suggest Revival Scheme under Companies Act: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Ex-promoters-Companies-Act-Supreme-Court-Taxscan.jpeg "Ex-promoters ineligible to suggest Revival Scheme under Companies Act: Supreme Court [Read Judgment]")
![Writ Jurisdiction can be invoked in IBC matters, despite the availability of an Alternative Remedy: Calcutta High Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/03/Insolvency-Banruptancy-Code-Writ-Jurisdiction-IBC-Calcutta-High-Court-Taxscan.jpg "Writ Jurisdiction can be invoked in IBC matters, despite the availability of an Alternative Remedy: Calcutta High Court [Read Judgment]")
Delhi High Court stays attachment of Deccan Chronicles Properties in ED Proceedings on plea of Union Bank of India [Read Order]
The Delhi High Court on the plea of Union Bank of India stayed Attachment of Deccan Chronicles Properties in Proceedings before Directorate of Enforcement (ED). The Petitioner, Union Bank of India...
Retrospective bar against initiation of CIRP applies to applications filed from 25 March 2020: Supreme Court [Read Judgment]
The Supreme Court held that Section 10A of the Insolvency and Bankruptcy Code (IBC) barred filing of applications for the commencement of the CIRP in respect of a corporate debtor for a default...
![Retrospective bar against initiation of CIRP applies to applications filed from 25 March 2020: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/02/Retrospective-bar-CIRP-Supreme-Court-Taxscan.jpg "Retrospective bar against initiation of CIRP applies to applications filed from 25 March 2020: Supreme Court [Read Judgment]")
Creditor not to become 'Financial Creditor', if a Corporate Debtor offered Security by pledging Shares, without discharging borrower's liability: Supreme Court [Judgment]
The Supreme Court held that a creditor will not become a 'financial creditor' under the Insolvency and Bankruptcy Code, if a corporate debtor offered security by pledging shares, without discharging...
![Creditor not to become Financial Creditor, if a Corporate Debtor offered Security by pledging Shares, without discharging borrowers liability: Supreme Court [Judgment]](https://www.taxscan.in/wp-content/uploads/2021/02/Creditor-Financial-Creditor-Corporate-Debtor-Shares-borrowers-liability-Supreme-Court-Taxscan.jpg "Creditor not to become Financial Creditor, if a Corporate Debtor offered Security by pledging Shares, without discharging borrowers liability: Supreme Court [Judgment]")
Collusive or Sham Transactions with a Corporate Debtor won’t amount to ‘Financial Debt’: Supreme Court [Read Judgment]
The Supreme Court held that the Collusive or sham transactions with a corporate debtor will not amount to ‘financial debt’ under the Insolvency and Bankruptcy Code 2016. The appellant, Phoenix Arc...
![Collusive or Sham Transactions with a Corporate Debtor won’t amount to ‘Financial Debt’: Supreme Court [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2021/02/Collusive-Sham-Transactions-Corporate-Debtor-Financial-Debt-Supreme-Court-Taxscan.jpg "Collusive or Sham Transactions with a Corporate Debtor won’t amount to ‘Financial Debt’: Supreme Court [Read Judgment]")
Budget 2021: Decriminalisation of the Limited Liability Partnership (LLP) Act, 2008 proposed [Read Finance Bill]
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman proposed reforms for small companies and MSMEs to strengthen Startup ecosystem, while presenting Union Budget 2021-22 in...
![NCLT approves Amalgamation of ThyssenKrup Marine Systems and Atlas Elektronik [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/NCLT-amalgamation-ThyssenKrup-Marine-Systems-Atlas-Elektronik-Taxscan.jpg "NCLT approves Amalgamation of ThyssenKrup Marine Systems and Atlas Elektronik [Read Order]")