NCLAT reprimands Excise Dept for delay in filing claims; causing loss to exchequer
The National Company Law Appellate Tribunal (NCLAT) has chastised the Excise and Taxation Department of Haryana government for its negligence...
InsolvencyT
Indian banking system most exposed to economic, fiscal shocks in 2021: Moody’s
The Indian banking system is one of the most exposed to the economic and fiscal consequences of a shock to...
NCLT approves Jio’s Rs 3,720-crore bid for Reliance Infratel
Mukesh Ambani-owned Reliance Jio has acquired brother Anil Ambani’s Reliance Infratel Ltd through its associate company Reliance Digital Platform &...
NCLAT rejects employees’ plea for access to CoC meetings
The National Company Law Appellate Tribunal (NCLAT) has rejected an appeal by the employees of Corporate Debtor Sejal Glass Ltd...
Bankers take 80% haircut in 22 insolvency resolutions in July-September; total recovery at Rs 3,779 cr
As many as 22 CIRP resolutions were reported to the Insolvency and Bankruptcy Board of India (IBBI) in the July-September...
Resolution professional can’t act on behalf of corporate debtor beyond CIRP: Delhi HC
Can a resolution professional (RP) continue to act on behalf of the corporate debtor once the plan is approved and...
UDIN for any kind of CA-certification has to be generated through ICAI website
In order to curb fake certifications by non-CAs misrepresenting themselves as chartered accountants, the Institute of Chartered Accountants of India...
NCLT reconstitutes benches for regular hearing from 1 December
The NCLT benches have been reconstituted to attend regular hearing through video conference with effect from 1 December 2020. The...
‘It is time NCLT imposes heavy costs on petitioners filing frivolous cases to delay resolution process’
Tarun Gulati Senior Supreme Court lawyer Tarun Gulati, who is also an active practitioner in the insolvency and bankruptcy space,...
Companies going for voluntary liquidation may now have an option to withdraw from the process
After amending the liquidation process under the Insolvency and Bankruptcy Code (IBC), the insolvency regulator – Insolvency and Bankruptcy Board...