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...
![Karnataka HC Cancels GST Notices Issued to Non-Existent Entity, Overturns Proceedings [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/Karnataka-High-Court-GST-Notices-Issued-GST-Notices-Non-Existent-Entity-Taxscan.jpeg "Karnataka HC Cancels GST Notices Issued to Non-Existent Entity, Overturns Proceedings [Read Order]")
Notice issued by SBI to CD Recalling Loan Facility Not Amounts to Demand on Corporate Guarantor: NCLT [Read Order]
The Mumbai bench of the National Company Law Tribunal ( NCLT ) held that notice issued by the State Bank of India ( SBI ) , the Financial creditor to Corporate Debtor recalling loan facility not...
![Notice issued by SBI to CD Recalling Loan Facility Not Amounts to Demand on Corporate Guarantor: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/SBI-SBI-to-form-Committee-to-Tackle-Co-Lending-Issues-Finance-Ministry-directs-SBI-Finance-Ministry-SBI-news-Taxscan.jpg "Notice issued by SBI to CD Recalling Loan Facility Not Amounts to Demand on Corporate Guarantor: NCLT [Read Order]")
Initiation of Assignment Agreement by Corporate Debtor is Malafide Act to Prolong CIRP: NCLAT upholds Decision of NCLT
While Upholding the decision of the National Company Law Tribunal ( NCLT ), the National Company Law Appellate Tribunal ( NCLAT ) held that Assignment Agreement initiated by the Corporate Debtor was...
Company Law Tribunals Have Jurisdiction u/s 59 of Companies Act to Refer Seriously Disputed Questions Towards Civil Court: NCLT [Read Order]
In a recent case, the Hyderabad bench of the National Company Law Tribunal ( NCLT ) Â held that company law tribunals have jurisdiction under Section 59 of the Companies Act, 2013 to refer seriously...
![Company Law Tribunals Have Jurisdiction u/s 59 of Companies Act to Refer Seriously Disputed Questions Towards Civil Court: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/NCLT-taxscan-1.jpg "Company Law Tribunals Have Jurisdiction u/s 59 of Companies Act to Refer Seriously Disputed Questions Towards Civil Court: NCLT [Read Order]")
Failure to File Claim during Insolvency Proceedings u/s 31 and 32A of IBC: Gujarat HC Abates Income Tax Appeals [Read Order]
The Gujarat High Court abated income tax appeals filed by the Commissioner of Customs (Preventive) due to the failure to file a claim during insolvency proceedings. The appeals arose from an order...
![Failure to File Claim during Insolvency Proceedings u/s 31 and 32A of IBC: Gujarat HC Abates Income Tax Appeals [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Insolvency-Proceedings-IBC-Gujarat-HC-Income-Tax-Appeals-taxscan.jpg "Failure to File Claim during Insolvency Proceedings u/s 31 and 32A of IBC: Gujarat HC Abates Income Tax Appeals [Read Order]")
Speculative Investor cannot claim status & benefits as a Financial Creditor u/s 5(8)(f) of Insolvency Bankruptcy Code: NCLT
The Chandigarh bench of the National Company Law Tribunal while adjudicating has held that a speculative investor cannot claim the status and benefits as a Financial Creditor by being an allottee...
Creditors can Initiate Insolvency Proceedings against Personal Guarantors via RP as per Section 95(1) of IBC: NCLAT
The Delhi bench of National Company Law Appellate Tribunal ('NCLAT') held that creditors can initiate insolvency proceedings against personal guarantors via a resolution professional ( RP )as per...
