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Appointment of Authorised Representative for Class of Creditors

May 7, 2023 3888 Views 0 comment Print

Understand the concept of Authorised Representative (AR) in Corporate Insolvency Resolution Process (CIRP). Learn about the duties, criteria, and selection process for AR, ensuring effective representation of creditors in COC meetings. Explore the role of the Interim Resolution Professional (IRP) in ascertaining the class of creditors and facilitating the appointment of AR in compliance with the Insolvency and Bankruptcy Code, 2016.

IBC Case Study –Breach of Moratorium

April 27, 2023 1662 Views 0 comment Print

Explore an IBC case study on the breach of moratorium. Understand the legal implications, actions taken by NCLT, and the responsibilities of an Interim Resolution Professional. Get insights into sections 17 and 18 of the Insolvency and Bankruptcy Code, 2016. Stay informed on corporate insolvency resolution process intricacies.

IBC Case Study – Delay in appointment of Valuer

April 26, 2023 936 Views 0 comment Print

Explore an IBC case study on the consequences of a delay in the appointment of valuers. Understand the legal violations, impact on the Corporate Insolvency Resolution Process (CIRP), and implications for the Resolution Professional (RP). Stay informed on Insolvency and Bankruptcy Code intricacies.

Whether approval of Committee of Creditor is necessary for appointment of Transaction/Forensic Auditor?

April 9, 2023 4173 Views 0 comment Print

Explore the necessity of Committee of Creditors approval for the appointment of Transaction/Forensic Auditor under Section 18 of the Insolvency and Bankruptcy Code, 2016. Understand the role of Forensic Auditors in identifying PUFE Transactions and ensuring compliance with IBC regulations.

Undertaking for issue of Information Memorandum to Members of Committee or Resolution Applicant

March 30, 2023 1890 Views 0 comment Print

Explore the significance of the confidentiality undertaking for the Information Memorandum in corporate insolvency resolution. Learn about the legal framework, sample undertaking, and its implications.

Jurisdiction of Officers of Central Tax under GST

March 2, 2023 10566 Views 0 comment Print

Discover the jurisdiction of officers of Central Tax under GST, including their appointment, powers, and territorial jurisdiction outlined in the CGST Act, 2017. 

Whether an order can be passed on the basis of allegations which were not mentioned in Impugned SCN?

February 25, 2023 3807 Views 0 comment Print

SCN is vague and cryptic in nature and order in original has been passed beyond the scope of SCN, both are liable to be quashed and set aside.

Reversal of ITC in case of non-payment of tax by supplier & reavailment thereof (New Rule 37A)

February 21, 2023 9318 Views 0 comment Print

NEW Rule 37A prescribe mechanism for reversal of ITC by a registered person in event of non-payment of tax by supplier by a specified date and mechanism for re-availment of such credit

GSTR-2B under GST provisions and rules related thereto

February 21, 2023 6114 Views 0 comment Print

Main source of FORM GSTR-2B is Rule 60(7) of CGST Rules which specify that an auto-drafted statement containing details of input tax credit shall be made available to registered person in FORM GSTR-2B, for every month electronically through common portal. 

Reverse Charge Mechanism (RCM) under GST – Provisions & Notifications

February 13, 2023 485355 Views 4 comments Print

Understand the provisions and notifications of Reverse Charge Mechanism (RCM) under GST. Learn how it affects the liability to deposit tax and widens the scope of levy.

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