Belated Submission of Claims to Liquidator due to Medical Difficulty of Officer in Charge: NCLT Condones 92 Days Delay [Read Order]
The Mumbai Bench of the National Company Law Tribunal (NCLT)condoned 92 days delay as the liquidators delayed to submit claims due to medical...
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]")
Persons associated with Management of Corporate Debtor obligated to assist RP: NCLT denies Salary Claim by Ex-Managerial Personnel
The National Company Law Tribunal (NCLT), Ahmedabad Bench has recently ruled that, promoters and persons associated with the management of the corporate debtor are statutorily obligated to extend all...
Resolution Professional of its own cannot withhold any plan and refuse to submit same before CoC: NCLAT [Read Order]
The Principle bench of National Company Law Appellate Tribunal has held that Resolution Professional of its own cannot withhold any plan and refuse to submit the same before the Committee of...
![Resolution Professional of its own cannot withhold any plan and refuse to submit same before CoC: NCLAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Resolution-Professional-cannot-withhold-refuse-submit-CoC-Taxscan.jpg "Resolution Professional of its own cannot withhold any plan and refuse to submit same before CoC: NCLAT [Read Order]")
Resolution Professional acted in Good faith as per the Decision approved by CoC: IBBI Disciplinary Committee quashes Notice for Misconduct [Read Order]
The Insolvency And Bankruptcy Board of India (IBBI) Disciplinary Committee (DC) has held that Resolution Professional acted in good faith as per the decision approved by CoC and quashes notice for...
![Resolution Professional acted in Good faith as per the Decision approved by CoC: IBBI Disciplinary Committee quashes Notice for Misconduct [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/04/Resolution-Professional-Good-faith-CoC-IBBI-Disciplinary-Committee-Notice-Misconduct-Taxscan.jpg "Resolution Professional acted in Good faith as per the Decision approved by CoC: IBBI Disciplinary Committee quashes Notice for Misconduct [Read Order]")
![Suspended Board of Directors cannot replace Resolution Professional: NCLT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/03/Suspended-Board-of-Directors-Resolution-Professional-NCLT-taxscan.jpg "Suspended Board of Directors cannot replace Resolution Professional: NCLT [Read Order]")