Incab Jamshedpur revival case gets fresh momentum as NCLAT clears procedural hurdle

Mail News Service Jamshedpur, April 6: In a measured yet consequential order, the Principal Bench of the National Company Law Appellate Tribunal (NCLAT) on Monday condoned a marginal delay in the filing of an appeal by the Employees’ Provident Fund Organisation, enabling a renewed judicial examination of the long-pending insolvency proceedings involving city-based Incab Industries…

GST Liabilities and penalties cannot be imposed against Corporate Debtor during Moratorium period

GST Liabilities and penalties cannot be imposed against Corporate Debtor during Moratorium period The National Company Law Tribunal held that GST authorities cannot continue assessment or adjudication proceedings during the IBC moratorium. As a result, the tribunal set aside the order passed against the corporate debtor. The present appeal has been filed by Maligi Madhusudhana…

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