Corporate Debtor Being an Agent Not Responsible For Non-Supply of Materials by Third Party: NCLT [Read Order]
In a significant ruling, the Mumbai bench of the National Company Law Tribunal ( NCLT ) has held that Corporate Debtor being an agent not...
Insolvency Proceeding under IBC and Proceedings under Negotiable Instruments Act can be Proceed Simultaneously: Himachal Pradesh HC [Read Order]
In a ruling, the Himachal Pradesh High Court held that the insolvency proceedings initiated under the Insolvency and Bankruptcy Code ( IBC ), 2016 and proceedings under Negotiable Instruments Act can...
![Insolvency Proceeding under IBC and Proceedings under Negotiable Instruments Act can be Proceed Simultaneously: Himachal Pradesh HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/10/Himachal-Pradesh-High-Court-Insolvency-and-Bankruptcy-Code-IBC-Insolvency-Proceeding-taxscan.jpg "Insolvency Proceeding under IBC and Proceedings under Negotiable Instruments Act can be Proceed Simultaneously: Himachal Pradesh HC [Read Order]")
Calcutta HC dismisses Appeal against ITAT Ruling after Approval of Resolution Plan by NCLT [Read Order]
In the recent case, the Calcutta High Court dismissed the appeal filed by the Income Tax Department challenging a ruling by the Income Tax Appellate Tribunal ( ITAT ). The court deemed the appeal...
![Calcutta HC dismisses Appeal against ITAT Ruling after Approval of Resolution Plan by NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Income-Tax-NCLT-NCLT-Resolution-Plan-Calcutta-HC-TAXSCAN.jpg "Calcutta HC dismisses Appeal against ITAT Ruling after Approval of Resolution Plan by NCLT [Read Order]")
Pendency of Insolvency Proceedings: Delhi HC quashes Reassessment Notice u/s 148 of Income Tax Act [Read Order]
The Delhi High Court decided on a matter before it seeking to impugn a notice under Section 148 of the Income Tax Act issued by the Assistant Commissioner of Income Tax for the Assessment Year...
![Pendency of Insolvency Proceedings: Delhi HC quashes Reassessment Notice u/s 148 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/08/Delhi-High-Court-ncome-Tax-Act-Reassessment-Notice-Reassessment-Taxscan.jpg "Pendency of Insolvency Proceedings: Delhi HC quashes Reassessment Notice u/s 148 of Income Tax Act [Read Order]")
Insolvency Professional Entities are qualified to Appoint as Resolution Professionals: NCLT Holds in Favour of Piramal Capital [Read Order]
The National Company Law Tribunal( NCLT ) held that Insolvency Professional Entities ( IPEs ) are qualified to be appointed as Resolution Professionals ( RPs ) under the Insolvency and Bankruptcy...
Assets of Subsidiary Company not to be Included in Insolvency Resolution Plan of Holding Company: Supreme Court [Read Judgement]
The Supreme Court has ruled that a holding company does not own its subsidiary's assets, and therefore, these assets cannot be included in the holding company's resolution plan. The appeal...
