Corporate Law : The framework permits liquidation only where the company has not defaulted on debts and can pay liabilities. It ensures a clean an...
CA, CS, CMA : The High Court ruled that retrospective cancellation of GST registration is invalid if such action is not proposed in the original...
Corporate Law : Explains how the 2025 amendment removes going-concern sales from liquidation. Highlights the shift toward speed and finality over ...
Corporate Law : IBBI Regulations 32 & 32A for liquidation: defines asset sale modes and prioritizes selling the business as a going concern to max...
Corporate Law : Understand secured creditor rights under IBC Section 52 during liquidation: relinquish security to the estate or realize independe...
Corporate Law : The amendments replace the consultation committee with CoC oversight, giving creditors greater control over liquidation decisions....
Corporate Law : The proposal focuses on enabling creditors to initiate resolution while retaining debtor management under supervision. It sets out...
Corporate Law : The amendments arise from the inclusion of a unified “service provider” definition under the Code. The move expands regulatory...
Corporate Law : The issue addressed is ambiguity in authentication and evidentiary value of financial information in insolvency cases. The propose...
Corporate Law : The proposal aligns grievance regulations with the newly introduced definition under the amended Code. It aims to ensure uniform a...
Company Law : NCLAT Delhi held that each and every commercial transaction which has resulted in loss may not be labelled as fraudulent or to hav...
Company Law : The appellate tribunal quashed orders permitting bankruptcy against personal guarantors after a creditor consented to grant additi...
Company Law : NCLT Allahabad held that financial creditor duly established existence of financial debt and default thereon on the part of the Co...
Company Law : The tribunal held that the resolution plan was invalid because several valuable properties were omitted from the Information Memor...
Company Law : NCLAT Delhi held that Prospective Resolution Applicant or unsuccessful Resolution Applicant doesn’t have vested right to challen...
Corporate Law : The issue was whether IBBI must provide data held by a regulated entity. The Authority held that RTI applies only to information h...
Corporate Law : The appeal found that the RTI response was delayed beyond statutory timelines. The key takeaway is that delay breaches RTI provisi...
Corporate Law : The issue was whether an RVO could grant conditional enrolment to an unqualified applicant. The authority held that such enrolment...
Corporate Law : The amendment allows financial creditors to directly initiate insolvency with prior approvals, reducing delays. It ensures faster ...
Corporate Law : The study found that most MSME insolvency cases are resolved before admission, highlighting gaps in data and process efficiency. I...
Discover recent Income Tax and GST notifications and circulars issued during the week of October 14-20, 2024, focusing on key exemptions and procedural updates.
The appeal by Ishrat Ali regarding his RTI application on a complaint against an insolvency professional was dismissed due to ongoing legal proceedings.
NCLT Mumbai held that entertaining objection raised by the applicant after the sale is confirmed unjustified as there is no allegation of fraud. Accordingly, application filed u/s. 60(5) of the IBC dismissed.
IBBI suspends Mr. Yogesh Kumar Gupta for one year for contravening insolvency regulations. Details of complaints and findings in disciplinary order dated 18th October 2024.
IBBI issued an order against Yogesh Kumar Gupta, IP, addressing contraventions during the CIRP of Kamrup Housing Projects. Key issues include removal of creditors.
IBBI extends the deadline for filing liquidation process forms to 30th November 2024, addressing challenges faced by liquidators.
IBBI extends the deadline for filing voluntary liquidation forms to 30th November 2024, addressing challenges faced by liquidators.
The IBBI dismisses an RTI appeal regarding examination queries, citing confidentiality and competitive integrity under the RTI Act’s exemptions.
IBBI dismisses Jitender Kumar Jain’s RTI appeal for data on communications from politicians regarding Aaj Ka Anand Papers Limited, citing resource diversion.
RTI appeal challenging IBBI’s response on insolvency claim status was dismissed. The authority found no need to interfere with the CPIO’s decision.
