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High Court Affirms Clean Slate Principle: Resolution Plan Supersedes Tax Claims Post-IBC Approval
The High Court affirmed the clean slate principle, ruling that a Resolution Plan supersedes tax claims following approval under the...
Aug 24, 20242 min read


High Court Upholds Liquidator's Disqualification: Validity of Authorization and Professional Misconduct Confirmed
High Court upheld the disqualification of the liquidator, confirming both the invalidity of his authorization and the findings of...
Aug 24, 20242 min read


Dismissal of Appeals Challenging Finality of Liquidation and Auction Sale Due to Lack of Standing and Procedural Compliance
NCLAT held that the Appellants had not raised their concerns in a timely manner, having only filed their objections after the sale had...
Aug 24, 20242 min read


IBBI Invites Public Comments on Proposed Amendments to MSME Registration and Disclosure Framework under CIRP
The IBBI invites public comments on the proposed amendments to the MSME registration and disclosure framework under the CIRP. The...
Aug 23, 20243 min read


IBC provisions prevail over the SARFAESI Act, and the interim moratorium under Section 96 affects SARFAESI proceedings initiated post-moratorium
High Court held that IBC provisions prevail over the SARFAESI Act and that the interim moratorium under Section 96 affects SARFAESI...
Aug 23, 20243 min read


Approved Resolution Plans by the CoC Take Precedence Over Subsequent Settlement Proposals by the Appellant, Even if Higher
NCLAT held that once a Resolution Plan is approved by the Committee of Creditors(CoC), subsequent settlement proposals from the...
Aug 22, 20242 min read


Supreme Court to Deliberate Byju’s Insolvency Case on August 22 After Denying Interim Relief
On August 20, 2024, the Supreme Court of India denied Byju's request to prevent the resolution professional from forming a committee of...
Aug 22, 20242 min read


CBDT Chairman Assures Timely Overhaul of Income Tax Act Amid Successful Faceless Regime Rollout
The Central Board of Direct Taxes (CBDT) Chairman, Ravi Agrawal, has affirmed that the comprehensive review of the Income Tax Act of 1961...
Aug 22, 20241 min read


Reforming Insolvency: Addressing the Disparity in Operational Creditors' Recoveries Under the Insolvency and Bankruptcy Code
In the context of insolvency and liquidation under the Insolvency and Bankruptcy Code (IBC), operational creditors (OCs) have...
Aug 22, 20242 min read


Supreme Court Seeks Nationwide Reforms for Bar Associations: Nodal Counsel Appointed to Oversee Suggestions and Enhancements
On August 21, 2024, the Supreme Court of India issued a significant directive aimed at reforming the functioning of Bar Associations...
Aug 22, 20242 min read
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