The Chennai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has dismissed the revenue department’s appeal and held that statutory dues that are not included in an approved resolution plan under the Insolvency and Bankruptcy Code (IBC), 2016 stand extinguished. PSL Limited (appellant) for whom the revenue sought to recover outstanding excise…
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The National Company Law Appellate Tribunal (NCLAT) at Delhi has held that a financial creditor can maintain its claim in the Corporate Insolvency Resolution Process (CIRP) of a corporate debtor that had stood as a guarantor for another company, even if the corporate guarantee was never invoked. It further held that invocation of a corporate…
LIQUIDATION NOTICES: Creditors Voluntary Winding-Up – November 2025 Credit Connect Read the original article here
The Karnataka High Court on Monday stayed the initiation of corporate insolvency resolution proceedings (CIRP) against Cauvery Neeravari Nigam Limited (CNNL), a Karnataka government-owned irrigation company [Cauvery Neeravari Nigam Vs Union of India]. The stay order was passed by Justice Suraj Govindaraj in a writ petition challenging a December 10 order of the National Company…
Tasty Dairy Specialities Company Secretary Resigns During Insolvency Process scanx.trade Read the original article here
The Madras High Court has recently held that once a resolution plan is approved under the Insolvency and Bankruptcy Code, authorities cannot proceed against any property standing in the name of a corporate debtor for offences committed before the insolvency process, even if such property is alleged to be held benami. A single bench of…
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Designs In Mind CIC in Oswestry has appointed financial services firm Begbies Traynor as liquidators in order to administer the company’s affairs after it ceased trading in October and all staff were made redundant. It began life more than 30 years ago as an initiative to provide creative and purposeful involvement for adults living with…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…