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 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...
Corporate Law : The amendments focus on better protection of creditor interests and structured insolvency processes. They introduce new mechanisms...
Corporate Law : The amendment replaces rigid statutory documentation requirements with a flexible framework. This change empowers regulators while...
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 circular mandates standard formats for beneficial ownership statements and section 32A affidavits in resolution plans. The key takeaway is enhanced transparency and accountability of resolution applicants.
The amendment requires every resolution plan to disclose ultimate beneficial owners and ownership structures. The key takeaway is enhanced transparency in insolvency resolution proceedings.
IBBI has enabled modification of CIRP forms through its portal and announced fees for delayed filings. The late fee applies to forms submitted after 31 December 2025.
The Appellate Authority held that the change in corporate status was made to implement a subsisting NCLAT stay. Since the relevant Change Request Form was already disclosed, no further information was required under the RTI Act.
The Disciplinary Committee imposed a monetary penalty after finding repeated failure to cooperate with the Investigating Authority. The ruling underscores that cooperation with investigations is a mandatory statutory duty.
The authority held that the alleged age restriction for an examination arose from user-interface design, not from any rule or regulation, and found no RTI violation.
The issue was whether records relating to disciplinary action could be disclosed under RTI. The key takeaway is that information may be withheld if disclosure can impede ongoing proceedings.
The ruling found that bids were rejected on factors unrelated to Section 29A and absent from the process document. The takeaway is that liquidation sales must follow transparent, predefined conditions.
Appeal challenging non-disclosure of pay, allowances, and travel guidelines was dismissed, as the information was already accessible online and exempt under the RTI Act.
The tribunal held that the resolution plan was invalid because several valuable properties were omitted from the Information Memorandum. The ruling emphasises that all assets must be valued and disclosed, and security interests cannot be extinguished without legal basis.
