Statutory Dues Not Included in Approved IBC Resolution Plan Stand Extinguished; Post-approval Demands Are Without Jurisdiction
The Hon’ble Bombay High Court in the case of Srei Equipment Finance Ltd. v. Assistant Commissioner, CGST & C.Ex., Navi […]
NCLT or IBC News
IBC Boosts Ease of Doing Business and Asset Realisation; 1,194 companies successfully resolved under IBC enabling realisation of ₹3.89 lakh core by creditors
The Insolvency and Bankruptcy Code (IBC) has played a crucial role in reshaping India’s insolvency framework. The major achievement of
FinMin rejects Corporate Affairs’s pitch to exempt IBC loan waivers from income tax
In a striking inter-ministerial divergence, the Ministry of Finance (MoF) has rejected a key recommendation made by the Ministry of
Finance Ministry supports banks in reviewing Supreme Court’s ruling on JSW Steel’s acquisition of Bhushan Power and Steel
The finance ministry is in favour of supporting banks keen to seek a review of the latest Supreme Court order
Government has Strengthened IBC with Six Amendments and 122 Regulatory reforms since its inception
The legislative intent of the Insolvency and Bankruptcy Code, 2016 (IBC) is to provide a consolidated framework for reorganization, insolvency
[IBC News] No tax demand after resolution plan approval, says Supreme Court
The Supreme Court (SC) has said that no tax demand, even if raised by the income-tax (I-T) department, can be
Standing Committee on Finance recommends direct submission system for IBC resolution plans
The Standing Committee on Finance under the chairmanship of BJP MP Bhartruhari Mahtab has directed the Ministry of Corporate Affairs
Govt says 28,818 insolvency applications involving Rs 10 lakh cr resolved under IBC
As many as 40,943 applications were filed under the Insolvency and Bankruptcy Code (IBC), of which 28,818 applications involving Rs