Condonation of Delay: directoral disputes and pending company proceedings can constitute reasonable cause, allowing a belated return to be treated as ...
Revisionary jurisdiction under section 263 upheld; faceless assessments subject to revision when AO fails requisite enquiries, remitted for fresh asse...
IBBI has specified two prescribed formats under the Bankruptcy Process for Personal Guarantors to Corporate Debtors Regulations, 2019, as amended in 2026. Form A is the written consent for an insolvency professional to act as bankruptcy trustee under regulation 3(3), and Form B is the proxy appointment form for a creditor's committee meeting under regulation 26(2). The circular also states that the enclosed annexure contains the formats and issues them in exercise of powers under the Code and the regulations.
IBBI has specified two prescribed formats under the Bankruptcy Process for Personal Guarantors to Corporate Debtors Regulations, 2019, as amended in 2026. Form A is the written consent for an insolvency professional to act as bankruptcy trustee under regulation 3(3), and Form B is the proxy appointment form for a creditor's committee meeting under regulation 26(2). The circular also states that the enclosed annexure contains the formats and issues them in exercise of powers under the Code and the regulations.
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