GST Filing Defaults Don’t Create Operational Debt, NCLT Mumbai Declares Introduction The National Company Law Tribunal, Mumbai, has held that denial of Input Tax Credit (ITC) arising from a...
Public Auction Not Mandatory for Sale of Encumbered Assets During CIRP If Secured Creditors Consent Under Regulation 29: NCLAT Introduction The National Company Law Appellate Tribunal (NCLAT),...
NCLT Chennai: Personal Guarantors Can’t Invoke Insolvency to Stall SARFAESI Recovery Proceedings Introduction The National Company Law Tribunal (NCLT), Chennai Bench, has held that personal...
NCLAT Upholds Inclusion of WBHIDCO Leasehold Land in Concast Steels’ Liquidation Estate; Says Amalgamation Had Implied State Consent Introduction The National Company Law Appellate Tribunal...
IBBI Empowers Insolvency Professionals to Reclaim ED-Attached Assets, Aiming to Maximize Recovery in Insolvency Cases Introduction The Insolvency and Bankruptcy Board of India (IBBI) has issued...
NCLT Mumbai Lifts Freeze on Future Group’s Demat Account, Rules SEBI Restrictions Cannot Override IBC Moratorium Introduction The National Company Law Tribunal (NCLT), Mumbai Bench, directed the...
NCLAT Upholds Liquidator’s Right to Remove Assets from Reliance Realty Premises, Dismisses Ownership Claims Introduction The National Company Law Appellate Tribunal (NCLAT), New Delhi, upheld the...
NCLT Allahabad Directs Liquidation of Garvit Innovative Promoters Ltd. Amidst ₹3,000 Crore Ponzi Scam, Non-Cooperation, and Missing Records Introduction The National Company Law Tribunal (NCLT),...
NCLAT Holds Advance Payment for Goods as Operational Debt When Shown in Balance Sheet Without Auditor’s Note Introduction The National Company Law Appellate Tribunal (NCLAT), New Delhi, held that...
NCLT Gives Nod to ₹3.4 Crore Resolution Plan for Steadfast Shipping Introduction The National Company Law Tribunal (NCLT), Mumbai Bench-I, has approved a resolution plan worth ₹3.4 crore submitted...
Benefit of Limitation Act's Section 14 Not Applicable to DRT Recovery Proceedings: NCLAT Introduction The National Company Law Appellate Tribunal (NCLAT) has held that the benefit of Section 14 of...
IBBI Suspends Insolvency Professional for One Year Over Negligence and Unjustified Delay in Liquidation Process Introduction The Insolvency and Bankruptcy Board of India (IBBI) has suspended an...
