Resolution applicant participated in CIRP has locus to object application for approval of Resolution Plan: NCLAT [Read Order]
The Principal bench of the National Company Law Appellate Tribunal ( NCLAT ) has held that the resolution applicant who participated in the Corporate...
![IBBI clarifies requirement of Declaration in Part IV of Form C by RP while filing Insolvency Application of Creditor [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/IBBI-Insolvency-Application-Declaration-requirements-Registered-insolvency-professionals-Form-C-Declaration-Creditor-TAXSCAN.jpg "IBBI clarifies requirement of Declaration in Part IV of Form C by RP while filing Insolvency Application of Creditor [Read Order]")
Plea Challenging Constitutional Validity of Provisions on Resolution Professional: Bombay HC issues Notice to Attorney General of India [Read Order]
A Division Bench of the Bombay High Court issued notice to the Attorney General of India, R. Venkataramani, in a plea challenging the constitutional validity of provision on Resolution...
Payments Made by Allottees to Ex-Directors Not Reflected in Records of CD: NCLAT directs RP to Admit Claims of Allottees [Read Order]
The Delhi bench of the National Company Law Appellate Tribunal (NCLAT) directed the Resolution Professional (RP)to admit the claims of allottees since the payments made by allottees to Ex directors...
RBSA Valuation Advisors LLP violated rule 8(I) of the Valuation Rulein Videocon Bankruptcy: IBBI directs not to accept New Assignments for 6 months [Read Order]
The Insolvency and Bankruptcy Board of India (IBBI) directed RBSA valuation advisors LLP not to accept new assignments for 6 months since violated rule 8(I) of the Valuation Rule in arriving at...
RP Misconduct: IBBI imposes Five Lakh Rupees fine for Conducting CoC Meetings without Sole Financial Creditor [Read Order]
The Disciplinary Committee (DC) of the Insolvency and Bankruptcy Board of India (IBBI) has recently imposed a fine of Rupees Five Lakhs on Insolvency Professional Sonu Jain along with a probation...
![RP Misconduct: IBBI imposes Five Lakh Rupees fine for Conducting CoC Meetings without Sole Financial Creditor [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/11/RP-Misconduct-IBBI-CoC-Financial-Creditor-taxscan.jpg "RP Misconduct: IBBI imposes Five Lakh Rupees fine for Conducting CoC Meetings without Sole Financial Creditor [Read Order]")