Approved Resolution Plan cannot be Withdrawn Unless the Breach of S. 30(2) of IBC: NCLAT [Read Order]
The National Company Law Appellate Tribunal ( NCLAT ) affirmed that the law is well settled that the Resolution Plan which is approved by the CoC...
NCLT cannot direct CoC to Consider Suspended Management's Settlement Proposal without granting Opportunity to SRA: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) held that the National Company Law Tribunal ( NCLT ) cannot direct Committee of Creditors ( “CoC” ) consider suspended...
Appeal abates once CIRP is initiated, IRP appointed and Resolution Plan is approved: CESTAT [Read Order]
The Bangalore Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) ruled that the appeal abates once Corporate Insolvency Resolution Process (CIRP) is initiated, Insolvency...
![Appeal abates once CIRP is initiated, IRP appointed and Resolution Plan is approved: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/CIRP-Initiation-Impact-on-Appeals-Appeal-CIRP-IRP-Resolution-Plan-CESTAT-taxscan.jpeg "Appeal abates once CIRP is initiated, IRP appointed and Resolution Plan is approved: CESTAT [Read Order]")
Promoter Eligible to Submit Resolution Plan even if MSME Registration obtained Post Commencement of CIRP: SC [Read Judgement]
The Supreme Court in a recent ruling held that the promoter is eligible to submit resolution plan even if MSME registration obtained post commencement of CIRP. Shree Aashraya Infra-Con Limited...
![Appeal abates once NCLT approves Resolution Plan, says CESTAT in Patanjali Food’s Appeal [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Appeal-NCLT-Resolution-Plan-Patanjali-CESTAT-Patanjali-Foods-appeal-taxscan.jpg "Appeal abates once NCLT approves Resolution Plan, says CESTAT in Patanjali Food’s Appeal [Read Order]")
Appeal before tribunal abates as per Rule 22 of CESTAT (Procedure) Rules, when NCLT approves Resolution Plan: CESTAT [Read Order]
The Bangalore Bench of Customs, Excise & Service Tax Appellate Tribunal (CESTAT) held that the appeal before the tribunal should be abated as per Rule 22 of the CESTAT (Procedure) Rules when the...
![Appeal before tribunal abates as per Rule 22 of CESTAT (Procedure) Rules, when NCLT approves Resolution Plan: CESTAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Appeal-tribunal-abates-CESTAT-NCLT-resolution-plan-CESTAT-TAXSCAN.jpg "Appeal before tribunal abates as per Rule 22 of CESTAT (Procedure) Rules, when NCLT approves Resolution Plan: CESTAT [Read Order]")