Here we go again with the tax debt relief robocalls

ATLANTA, Ga. (Atlanta News First) – The tax filing deadline is Tuesday, April 15, and while the IRS won’t be calling to remind you, scam robocalls certainly will. A surge of fraudulent calls is targeting taxpayers, falsely claiming that a new federal program will eliminate their tax debt. Scammers and debt relief companies use robocalls…

Existence of Financial Debt and Corresponding Default is a Sine Qua Non for Initiating Proceedings u/s 7 of IBC

The tribunal considered the reasons made by each party and maintained the Adjudicating Authority’s ruling that the Appellant’s Section 7 petition was malicious and fraudulent. The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, upheld the adjudicating authority’s ruling and dismissed a Section 7 petition under the Insolvency Bankruptcy Code (IBC), 2016, finding…