IBBI flags IBC misuse to cut tax bills, avoid probes and close firms without scrutiny
Regulator IBBI on Wednesday asked insolvency professionals to do due diligence to prevent misuse of the insolvency resolution framework to […]
NCLT or IBC News
National Company Law Tribunal (NCLT) Launches e-Inspection and e-Certified Copy Services
The National Company Law Tribunal (NCLT) today launched its e-Inspection and e-Certified Copy Services. Hon’ble President, NCLT, Justice Anupinder Singh
Mismatch between IBC and tax law clouds loss carry-forward benefits
A growing conflict between insolvency law and tax rules is creating fresh uncertainty for companies undergoing resolution, with tax authorities
FinMin advises banks to speed up IBC resolutions
The finance ministry has advised banks to take a collaborative approach in the resolution of pending Insolvency and Bankruptcy Cases
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
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