Kerala HC Quashes Order [Read Order]

Liquidation

The Kerala High Court has set aside a service tax show cause notice and subsequent Order-in-Original holding that proceedings cannot be initiated or continued against a company after a resolution plan is approved under Section 31 of the Insolvency and Bankruptcy Code, 2016 (IBC). M/s. Heera Construction Company Pvt. Ltd., (petitioner) represented by its Managing…

Insolvency board makes it mandatory to list fraudulent trades in sale prospectus

Bankruptcy

New Delhi: Administrators of bankrupt businesses must mandatorily disclose all dubious transactions carried out by a company’s management while preparing its sale prospectus under the bankruptcy code, the Insolvency and Bankruptcy Board of India (IBBI) has said. The regulator’s latest amendment to the Insolvency Resolution Process for Corporate Persons states that corporate restructure plans prepared…

National Debt Relief earns 2025 Buyer’s Choice Awards from ConsumerAffairs, based on verified customer reviews

Debt Help

Leading debt settlement company recognized for best value, customer service and process NEW YORK, July 9, 2025 /PRNewswire/ — National Debt Relief, the industry leader in debt settlement known for its unique approach to debt relief, announces it earned three awards in the 2025 Buyer’s Choice Awards from ConsumerAffairs, a leading platform for verified consumer reviews. The…

Running a small business with tax debt? Here are the relief options that can help.

Debt Help

Small business owners with tax debt can keep their business open by exploring certain tax relief strategies now. Willlie B. Thomas/Getty Images Small business owners face a range of financial challenges now, including inflation, higher operating costs, and potentially slowing consumer demand. These economic headwinds often force entrepreneurs to make difficult choices about which bills…