Legitimate Claim of Creditors cannot be Defeated Using Moratorium as Shield: NCLT Rules on Punjab National Bank Case
In a ruling of Punjab National Bank Chandigarh Bench of the National Company Law Tribunal ( NCLT ) while admitting an insolvency petition...
![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]")
![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]")
Hearing not mandated by Adjudicating Authority during Appointment of RP u/s 97(5) of IBC: NCLT [Read Notification]
The Delhi bench of the National Company Law Tribunal has held that a hearing is not mandated by the adjudicating authority during the appointment of a Resolution Professional ( RP ) under section...
NCLT allows Exclusion of 116 Days from CIRP Period due to Criminal Proceedings on Plea by ND Studio's RP
The Mumbai Bench of the National Company Law Tribunal ( NCLT ) allowed the 116 Days from the corporate insolvency resolution process ( CIRP ) period due to criminal proceedings on plea by ND Studio's...
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...
