Company & PMLA
GNIDA Is Operational Creditor And Not Financial Creditor: NCLAT
The National Company Law Appellate Tribunal, New Delhi ruled that GNIDA is an operational creditor and not financial creditor.
The tribunal observed that there is...
Liquidator Should Be Issued Notice And Made To Participate In Income Tax Reassessment Proceedings: Patna High Court
Recently, Patna High Court has ruled that the Liquidator should be noticed and participate in the income tax reassessment proceedings.
The court has quashed the...
Generation Of Valuation Report Identification Number For Valuation Conducted By Registered Valuer Under IBC: IBBC
The Insolvency and Bankruptcy Board of India (IBBC) has issued the circular regarding the Generation of Valuation Report Identification Number for valuation conducted by...
Legal Heirs Of Deceased Shareholder Can’t Question Transfer Of Deceased’s Shares To Other Shareholders At Throwaway Price: Delhi NCLAT
The National Company Law Appellate Tribunal, New Delhi ruled that the legal heirs of deceased shareholder can't question transfer of deceased's shares to other...
Filing Without Vakalatnama, Certified Copy, Affidavit would Stop Limitation: NCLAT
The National Company Law Appellate Tribunal, New Delhi ruled that filing of the case without vakalatnama, certified copy, affidavit would stop limitation.
The bench observed...
NCLT EMPOWERED TO ADJUDICATE DISPUTES ARISING FROM INSOLVENCY OF CORPORATE DEBTOR: MUMBAI NCLT
Author: Khushi J Prajapati
The National Company Law Tribunal, Mumbai held that it is empowered to adjudicate disputes arising from the insolvency of a corporate...
INSISTENCE ON CLEARING PAST DUES CONTRADICTS REHABILITATIVE INTENT OF IBC CALLS FOR JUDICIAL INTERVENTION: DELHI HIGH COURT
The Delhi High Court emphasized that insisting on the clearance of past dues contradicts the rehabilitative intent of the Insolvency and Bankruptcy Code (IBC)
The...
Assets To Be Sold To Pay Off Dues, NCLT Orders Liquidation Of Future RetailÂ
The National Company Law Tribunal, Mumbai, ordered the liquidation of Future Retail while observing that the assets to be sold to pay off dues.
The...