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    Corporate Debtor's insolvency resolved through settlement with Operational Creditor; CIRP expenses determined, bank guarantee ordered.
    Tribunal Affirms Jurisdiction to Recall Orders; Dismisses Time-Barred Claim Under Insolvency Code Review.
    Appellant's Case Dismissed: No Operational Debt, Lack of Evidence, and Time-Barred Claim Under IBC Provisions.
    NCLAT Denies Secured Debt Status Under IBC, Prioritizes Workmen's Dues and Secured Creditors Over Tax Dues.
    Appeal Dismissed: NCLAT Confirms Resolution Plan Was Transparent; Due Diligence Required From Applicants.
    Tribunal overturns rejection of defective insolvency petition, mandates notice to rectify defects before dismissal.
    Court Upholds Insolvency Board's Decision to Suspend Professional for Misconduct; Rejects Claims of Improper Procedure.
    September 9, 2024   Case Laws Insolvency and Bankruptcy
    Single or Multiple Members Allowed for IBBI Disciplinary Committee Under IBC: Objection to Single-Member Dismissed.
    Tax authority deems invoices bogus, rejects creditor's debt claim; legal battle continues.
    Debt Acknowledgment Letter Extends Limitation Period; Appeal Dismissed as Financial Creditor's Application Deemed Timely.
    Resolution Plan Upheld Despite Operational Creditor Challenge; Compliance with Insolvency Code Confirmed by Appellate Tribunal.
    September 7, 2024   Case Laws Insolvency and Bankruptcy
    Amendment to Add New Defendant Partially Granted; Enforcement of Security Interest Denied Due to IBC Restrictions.
    September 7, 2024   Case Laws Insolvency and Bankruptcy
    Resolution Plan Approved: Creditor Committee's Decision Binding on All, Limited Judicial Review of Commercial Judgment.
    September 7, 2024   Case Laws Insolvency and Bankruptcy
    Loan Dispute: Appeal Allowed as Funds Transfer Lacked Proof of Loan Agreement Under IBC Section 7 for Family Companies.
    September 7, 2024   Case Laws Insolvency and Bankruptcy
    Tribunal Approves Restructuring: Clears Debts, Cancels Shares, Exempts Taxes for Bidder's Acquisition.
    September 6, 2024   Case Laws Insolvency and Bankruptcy
    Delayed creditors' claims kept alive for 6 months as per approved resolution plan's clause binding all stakeholders.
    September 6, 2024   Case Laws Insolvency and Bankruptcy
    State subsidy for struggling company goes to resolution fund, not directly to govt.
    September 5, 2024   Case Laws Insolvency and Bankruptcy
    Petition dismissed: Resolution plan disclosure valid, corporate debtor's clean slate approved, creditor interests balanced.
    September 2, 2024   Case Laws Insolvency and Bankruptcy
    Appeal Dismissed: NCLAT Confirms Rejection of Refiled Application Under Insolvency and Bankruptcy Code as Unmaintainable.
    September 2, 2024   Case Laws Insolvency and Bankruptcy
    Appellate Tribunal Upholds Liquidator's Share Auction; Dismisses Valuation Challenge and Orders Share Transfer.
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September 6, 2024   Case Laws Insolvency and Bankruptcy

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Acts Income Tax