![Lending Institutions Providing Loans to Homebuyers cannot be Treated as Financial Creditors Under IBC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/07/NCLAT-IBC-Insolvency-and-Bankruptcy-National-Company-Law-Appellate-Tribunal-Financial-Creditors-taxscan.jpg "Lending Institutions Providing Loans to Homebuyers cannot be Treated as Financial Creditors Under IBC: NCLAT [Read Order]")
Lending Institutions Providing Loans to Homebuyers cannot be Treated as Financial Creditors Under IBC: NCLAT [Read Order]
In a recent case, the Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) held that lending institutions providing loans to...
![IBBI to Simplify CIRP Forms by Insolvency Professionals, releases Discussion Paper [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/IBBI-Insolvency-bankruptcy-CIRP-IPs-Insolvency-professionals-corporate-news-TAXSCAN-2.jpg "IBBI to Simplify CIRP Forms by Insolvency Professionals, releases Discussion Paper [Read Order]")
RP Failed to Examine issue of Reconstitution of CoC: NCLAT directs NCLT to decide after Considering Reply [Raed Order]
In a recent case, the National Company Law Appellate Tribunal ( NCLAT ) directed the National Company Law Tribunal ( NCLT ) to decide after considering the reply since the Resolution Professional (...
Negligent in Reporting Errors in Financial Statements and Letterhead Misuse: ICAI Finds CA Guilty of Professional Misconduct
The Institute of Chartered Accountants of India ( ICAI ) found the CA guilty of professional misconduct negligent in reporting the financial errors and the misuse of the letterhead. The institute...
Failure to prove Security Interest created in Assets of Corporate Debtor in Favor of PMC Bank: NCLAT upholds approval of Resolution Plan [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal ( NCLAT ) while upholding the resolution plan passed by the adjudicating authority observed that there was a failure to prove security...
RP running Corporate Debtor's Business, is Best Person to Decide what Part of Business to be Carried Out: NCLAT [Read Order]
The New Delhi Bench of the National Company Law Appellate Tribunal ( NCLAT ) ruled that the Resolution Professional (RP) running Corporate Debtor's business, is the best person to decide what part of...
