#IBC 2016
Log in to FollowLatest IBC 2016 judgments, orders, IBC developments, insolvency and corporate law updates with practical legal analysis on TaxGuru.

Action against Guarantors under Insolvency and Bankruptcy Code, 2016

Condonation cannot be granted under Section 61 of IBC as limitation period is 30 days which is extendable to 45 days

Appeal abates with effect from date of approval of resolution plan by NCLT

Tax liabilities not part of Resolution Plan stand extinguished from date of approval of Plan

Advance payment is covered within the definition of Operational Debt

RP must apply for extension of time on expiry of deadline: IBBI

Preliminary views cannot be considered as voting instructions by creditors under CIRP Regulations

Important Judgments related to IBC, 2016 – July- September, 2022

Existence of moratorium ceases once proceedings under IBC culminates

Submission of failed resolution plan results into initiation of liquidation process

Supreme Court on Recovery of Tax Dues Vis-À-Vis Claim Under IBC

Interim moratorium of one guarantor wouldn’t ipso facto apply against co-guarantor

Consultation paper on protection of public equity shareholders in case of listed companies undergoing CIRP

IBBI penalises IP for conducting CIRP & Liquidation proceeding in a very casual & careless manner
Explore the latest IBC 2016 judgments, orders and legal developments on TaxGuru. Coverage includes the Insolvency and Bankruptcy Code, CIRP, liquidation, resolution plans, creditor and debtor rights, Companies Act issues and related appellate developments. The page is designed to help insolvency professionals, companies, lenders and advisers follow significant rulings and their practical corporate-law implications.
