NCLT have Jurisdiction to send back Resolution Plan for Modification: NCLAT allows to Prepare Addendum to Incorporate Necessary Modification
The New Delhi bench of the National Company Law Appellate Tribunal( NCLAT ) held that National Company Law Tribunal (NCLT) have Jurisdiction to send...
![Resolution plan Not Approvable due to non-compliance of provisions under Section 29A(G) read with Section 240 A of the IBC: NCLAT [Read Order]Â Â Â Â Â Â](https://www.taxscan.in/wp-content/uploads/2023/06/non-compliance-of-provisions-Resolution-plan-IBC-NCLAT-taxscan-.jpg "Resolution plan Not Approvable due to non-compliance of provisions under Section 29A(G) read with Section 240 A of the IBC: NCLAT [Read Order]Â Â Â Â Â Â")
Non-Consideration of Objection from Allottee of Land: NCLAT directs to Approve Resolution Plan after giving Opportunity to File Objection [Read Order]
The National Company Law Appellate Tribunal(NCLAT) directed to approve resolution plan after giving the opportunity to file objection to the allottee of land. UTI Employees Sai Samruddhi...
![Non-Consideration of Objection from Allottee of Land: NCLAT directs to Approve Resolution Plan after giving Opportunity to File Objection [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Non-Consideration-Objection-from-Allottee-of-Land-NCLAT-TAXSCAN.jpg "Non-Consideration of Objection from Allottee of Land: NCLAT directs to Approve Resolution Plan after giving Opportunity to File Objection [Read Order]")
SCN can't be Issued to Entertain Claims before Period of Approval of Resolution Plan: Delhi HC [Read Order]
The Delhi High Court observed that Show Cause Notice ( SCN ) can't be issued to entertain claims before the period of Approval of the Resolution Plan. The issue which arises for consideration in...
![SCN cant be Issued to Entertain Claims before Period of Approval of Resolution Plan: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/02/SCN-Claims-Approval-of-Resolution-Plan-Resolution-Plan-Delhi-High-Court-Taxscan.jpg "SCN cant be Issued to Entertain Claims before Period of Approval of Resolution Plan: Delhi HC [Read Order]")
Relief to Tata Steel BSL Ltd, Avoidance applications under IBC can be heard approval of Resolution Plan: Delhi HC [Read Order]
A Division Bench of the Delhi High Court observed that avoidance applications under Insolvency and Bankruptcy Code (IBC) can be heard approval of Resolution Plan, thereby granting relief to Tata...
Regulatory Fee of 0.25% payable on Approval of Resolution Plan: IBBI Amends Regulations [Read Notification]
The Insolvency and Bankruptcy Board of India has notified the amendment to the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Fifth Amendment)...
![Regulatory Fee of 0.25% payable on Approval of Resolution Plan: IBBI Amends Regulations [Read Notification]](https://www.taxscan.in/wp-content/uploads/2022/09/Regulatory-Fee-Resolution-Plan-IBBI-Regulations-taxscan.jpg "Regulatory Fee of 0.25% payable on Approval of Resolution Plan: IBBI Amends Regulations [Read Notification]")
Statutory Dues and Claim stands frozen after Approval of Resolution Plan by IBC: ITAT [Read Order]
In the case of Deccan Chronicle Holdings Limited, the Hyderabad bench of the Income Tax Appellate Tribunal(ITAT) has held that statutory dues and claims stand frozen after approval of the resolution...
![Statutory Dues and Claim stands frozen after Approval of Resolution Plan by IBC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Claim-resolution-plan-IBC-ITAT-taxscan.jpg "Statutory Dues and Claim stands frozen after Approval of Resolution Plan by IBC: ITAT [Read Order]")
Claim of Income Tax dues can’t be excessive than the Resolution Plan approved by NCLT: ITAT [Read Order]
The Income Tax Appellate Tribunal ( ITAT ) Hyderabad bench has held that the claim of Income tax dues can’t be more excessive than the resolution plan approved by NCLT. The assessee filed its...
![Claim of Income Tax dues can’t be excessive than the Resolution Plan approved by NCLT: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Claim-Income-Tax-resolution-plan-NCLT-ITAT-taxscan.jpg "Claim of Income Tax dues can’t be excessive than the Resolution Plan approved by NCLT: ITAT [Read Order]")
Operational Creditor is at liberty to file appropriate legal proceedings to recover his claims if Resolution Plan was withdrawn: NCLAT [Read Order]
The Delhi Bench of National Company Law Appellate Tribunal (NCLAT) has held that the Operational Creditor is at liberty to file appropriate legal proceedings to recover his claims if the Resolution...
![Operational Creditor is at liberty to file appropriate legal proceedings to recover his claims if Resolution Plan was withdrawn: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/Operational-Creditor-liberty-legal-proceedings-Resolution-Plan-NCLAT-Taxscan.jpg "Operational Creditor is at liberty to file appropriate legal proceedings to recover his claims if Resolution Plan was withdrawn: NCLAT [Read Order]")