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...
The regulator held that expulsion from a Registered Valuers Organisation results in loss of eligibility, justifying immediate cancellation of registration.
The regulator held that provisional enrolment has no legal basis under valuation rules and suspended the organisation for violating mandatory eligibility requirements.
The regulator held that expulsion from a Registered Valuers Organisation breaches eligibility under valuation rules. Continuous RVO membership is mandatory to retain registration.
Registration was cancelled after the valuer ceased to be a member of a Registered Valuers Organisation. Continuous RVO membership is a statutory condition to remain eligible as a registered valuer.
The regulator held that an appeal in disciplinary proceedings cannot be withdrawn as a matter of right. Public interest and regulatory integrity require adjudication on merits.
The regulator held that handing over management and operations to the suspended board without CoC approval violates core CIRP duties. The key takeaway is that IRPs/RPs must retain control and seek approval or ratification for any delegation.
IBBI cancelled an insolvency professional’s registration for initiating personal guarantor insolvency without verifying or annexing the mandatory guarantee document.
The appellate authority held that assigning zero or indeterminate values to major assets without adequate justification showed lack of due diligence. The matter was remanded for reconsideration with restrictions on future assignments.
NCLT Allahabad held that financial creditor duly established existence of financial debt and default thereon on the part of the Corporate Debtor i.e. Bhagwati Rice Mills Pvt. Ltd. hence application filed u/s. 7 for initiation of Corporate Insolvency Resolution Process admitted.
The issue was duplication and time-consuming reporting in liquidation filings. The revised forms streamline disclosures and enable auto-population to ease compliance.
