Striking off Company Name under Companies Act, 2013: ALL CS and Companies Need to Know
Striking off refers to the removal of a company’s name from the Register of Companies maintained by the Registrar of Companies (RoC). Once struck...
![Non-Examination of Matter on Merits: NCLAT upholds Recall and Adjudication by NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/NCLAT-NCLAT-upholds-Recall-and-Adjudication-by-NCLT-taxscan.jpg "Non-Examination of Matter on Merits: NCLAT upholds Recall and Adjudication by NCLT [Read Order]")
![MCA Appoints Two New Judicial Members to NCLAT: Know Who They Are [Read Notification]](https://www.taxscan.in/wp-content/uploads/2025/05/MCA-Two-New-Judicial-Members-NCLAT-Know-Who-They-Are-taxscan.jpg "MCA Appoints Two New Judicial Members to NCLAT: Know Who They Are [Read Notification]")
![Income Tax Dept cannot be a Secured Creditor in Liquidation Proceedings: NCLT Disposes Canara Bank’s Application [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/05/Canara-Banks-Application.jpg "Income Tax Dept cannot be a Secured Creditor in Liquidation Proceedings: NCLT Disposes Canara Bank’s Application [Read Order]")
Byju Raveendran Files FIR Against EY Partners and GLAS Trust for Alleged Criminal Conspiracy in BYJU’S Insolvency Case
BYJU’S founder, Byju Raveendran has filed a First Information Report (FIR) accusing former insolvency official Pankaj Srivastava, employees of consulting firm Ernst & Young (EY), and...
Application u/s 9 of IBC Based on Arbitral Award Cannot be Admittted After 3 Yrs from Date of Award: NCLT [Read Order]
The National Company Law Tribunal (NCLT) Mumbai bench has ruled that, in accordance with Article 137 of the Limitation Act, 1963 (Limitation Act) read with Section 238A of the Code, an application...
![Application u/s 9 of IBC Based on Arbitral Award Cannot be Admittted After 3 Yrs from Date of Award: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Arbitral-Award-IBC-NCLT-TAXSCAN.jpg "Application u/s 9 of IBC Based on Arbitral Award Cannot be Admittted After 3 Yrs from Date of Award: NCLT [Read Order]")
NCLT Cannot Suo Moto Amend Date of Default in Insolvency Application Unless Amendment Application is Filed: NCLAT [Read Order]
The Adjudicating Authority cannot suo moto change the date of default specified in the insolvency application unless an amendment application is filed, according to the National Company Law Appellate...
![NCLT Cannot Suo Moto Amend Date of Default in Insolvency Application Unless Amendment Application is Filed: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/NCLAT-Insolvency-Application-Default-in-Insolvency-Application-taxscan.jpg "NCLT Cannot Suo Moto Amend Date of Default in Insolvency Application Unless Amendment Application is Filed: NCLAT [Read Order]")
Disallowance of Interest on Loan for Share Acquisition: ITAT Upholds Deduction as Business Expense [Read Order]
The Hyderabad Bench of Income Tax Appellate Tribunal(ITAT) upheld the deduction of interest on a loan taken for share acquisition, recognizing it as a business expense. The Revenue-appellant...
![Disallowance of Interest on Loan for Share Acquisition: ITAT Upholds Deduction as Business Expense [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Business-Expenses-.jpg "Disallowance of Interest on Loan for Share Acquisition: ITAT Upholds Deduction as Business Expense [Read Order]")
Threshold Limit For Initiating Insolvency Process Against Personal Guarantors Shall be same of Corporate Debtor: NCLT [Read Order]
The National Company Law Tribunal (NCLT) Chennai has held that the threshold limit for initiating the Personal Insolvency Resolution Process (PIRP) under Sections 94 or 95 of the Insolvency and...
![Threshold Limit For Initiating Insolvency Process Against Personal Guarantors Shall be same of Corporate Debtor: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/NCLT.jpg "Threshold Limit For Initiating Insolvency Process Against Personal Guarantors Shall be same of Corporate Debtor: NCLT [Read Order]")
Any Default Falling Within Section 10-A of IBC Must be Excluded from Total Outstanding Debt: NCLT [Read Order]
In a recent case, the Hyderabad bench of the National Company Law Tribunal ( NCLT ) while dismissing the petition under section 9 of Insolvency Bankruptcy Code ( IBC ), 2016, held that the...
![Any Default Falling Within Section 10-A of IBC Must be Excluded from Total Outstanding Debt: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Debt-NCLT-IBC-taxscan.jpg "Any Default Falling Within Section 10-A of IBC Must be Excluded from Total Outstanding Debt: NCLT [Read Order]")
Legal Action not initiatable over any claims that are not included in resolution plan: Bombay HC [Read Order]
The Bombay High Court dismissed an Interim Application filed by the Appellant seeking the release of the bank guarantees, holding that all claims which are not part of the Resolution Plan shall stand...
![Legal Action not initiatable over any claims that are not included in resolution plan: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/04/Bombay-HC-ruling-Legal-claims-resolution-Bank-guarantee-dispute-taxscan.jpg "Legal Action not initiatable over any claims that are not included in resolution plan: Bombay HC [Read Order]")