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Large number of vacancies may hit NCLT functioning

Large number of vacancies may hit NCLT functioning : Rashtra News #Large #number #vacancies #hit #NCLT #functioning Even as more than 15,000 insolvency and bankruptcy cases are pending before the National Company Law Tribunal, a recent RTI filed by a Gujarat-based activist reveals that in the near future vacancies at the adjudicating authority could be ....

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Pradip Overseas: Guarantors' plan for Pradip Overseas gets NCLT nod

The ruling is expected to set a precedent for promoters of bankrupt companies who are facing proceedings under the Insolvency and Bankruptcy Code (IBC), being joint personal guarantors or having common assets. The National Company Law Tribunal (NCLT) while approving the repayment plan, also observed that the creditors shall withdraw all the legal proceedings before various fora against the debtor within one month of the fulfilment of repayment obligations. ....

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NCLT Ahmedabad Directs Income Tax Department To Refund Tax To Corporate Debtor; Section 53 Of IBC Overrides Sec. 194-IA Of Income Tax Act

The National Company Law Tribunal (“NCLT”), Ahmedabad Bench, comprising of Mrs. Chitra Hankare (Judicial Member) and Dr. Velamur G Venkata Chalapathy (Technical Member), has held that Income Tax. ....

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ESI contributions not "workers dues" under IBC, not on same footing as Provident Fund dues: NCLT Ahmedabad

The NCLT Ahmedabad recently clarified that contributions due from a company to the Employees State Insurance Corporation (ESIC) do not fall under the category of “workers dues” under the IBC. ....

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Bankruptcy court admits insolvency resolution plea against Goli Vada Pav, ET Retail

Goli Vada Pav was taken to the Mumbai bench of the National Company Law Tribunal (NCLT) by Vista Processed Foods Pvt. Ltd, an operational creditor of the company, after it defaulted on dues of about Rs 3.56 crore. ....

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