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    December 23, 2022   Case Laws Insolvency and Bankruptcy
    Corporate Debtor's debt acknowledgment since 2010 allows Section 7 Application for CIRP, not barred by limitation period.
    December 22, 2022   Case Laws Insolvency and Bankruptcy
    NCLT orders CIRP initiation as Corporate Debtor fails to reconcile accounts after multiple requests from Operational Creditor.
    December 22, 2022   Case Laws Insolvency and Bankruptcy
    Appeal Refiled After 321 Days with New Facts; Allegations of Strategic Manipulation Acknowledged as Mistake, No Further Action.
    December 21, 2022   Case Laws Insolvency and Bankruptcy
    Resolution Plan Approved for Corporate Debtor; Creditors Must Submit Claims Post-Regulation 12 Amendment.
    December 21, 2022   Case Laws Insolvency and Bankruptcy
    Resolution Plan Approval Stresses Timely Asset Maximization; CoC Meeting Bars Late Third-Party Offers to Protect CIRP Integrity.
    December 21, 2022   Case Laws Insolvency and Bankruptcy
    NCLT Clarifies Jurisdiction Limits u/s 7 of Insolvency Code; Jurisdiction Can't Be Assumed or Granted by Consent.
    December 17, 2022   Case Laws Insolvency and Bankruptcy
    Revenue Department Misses Filing Deadline for Excise Duty Claim in CIRP; No Funds Available for Recovery.
    December 17, 2022   Case Laws Insolvency and Bankruptcy
    Tribunal Upholds Committee of Creditors' Approval of Resolution Plan, Emphasizes Non-Interference with Commercial Judgment.
    December 17, 2022   Case Laws Insolvency and Bankruptcy
    Financial creditors' CIRP initiation faces fraud claims; Section 65 allows corporate debtors to contest malicious proceedings.
    December 17, 2022   Case Laws Insolvency and Bankruptcy
    NCLT Lacks Power to Alter Resolution Plans Under IBC Section 31; Can Only Approve or Reject Proposals.
    December 16, 2022   Case Laws Insolvency and Bankruptcy
    Resolution Plan Canceled for Breach; Rs. 20 Crore Forfeited by Applicant; Claims of Missing Info Dismissed.
    December 16, 2022   Case Laws Insolvency and Bankruptcy
    NCLAT Accepts Appeal Filed 17 Days Late, Considers Condonation Due to Public Holidays and Limitation Act Provisions.
    December 16, 2022   Case Laws Insolvency and Bankruptcy
    Debt Assignment Doesn't Halt CIRP Under IBC; Assignee Recognized as Financial Creditor Per Section 5(7).
    December 16, 2022   Case Laws Insolvency and Bankruptcy
    Corporate Debtor Loses Leasehold Rights; Lacks Authority for Third-Party Agreements Under Insolvency Proceedings.
    December 15, 2022   Case Laws Insolvency and Bankruptcy
    CIRP Resolution Plan Approval and Financial Creditor Fund Distribution are Binding and Unchallengeable per Insolvency Laws.
    December 15, 2022   Case Laws Insolvency and Bankruptcy
    Appellate Tribunal Upholds Resolution Plan Under Insolvency Code; No Irregularity Found Despite Homebuyers' Fairness Challenge.
    December 15, 2022   Case Laws Insolvency and Bankruptcy
    NCLT Erred in Admitting Section 9 Application for Insolvency Amid Genuine Dispute Over Unpaid Operational Debt.
    December 15, 2022   Case Laws Insolvency and Bankruptcy
    Audit Finds No Fraud in Corporate Debtor's Transactions; Normal Business Adaptations with Related Party Confirmed.
    December 15, 2022   Case Laws Insolvency and Bankruptcy
    Resolution Professional Violated Insolvency Code Sections 25(2)(h) & 24; Possible Collusion with Financial Creditor Suspected.
    December 15, 2022   Case Laws Insolvency and Bankruptcy
    NCLT dismisses CIRP application due to lack of evidence for inter-corporate deposit claim as debt.
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Acts Income Tax