The ITAT Ahmedabad held that a bona fide error in selecting the incorrect clause in a Section 12A application cannot be the sole reason for rejecting registration. The matter was remanded to the CIT(E ...
The Tribunal condoned a 60-day delay after accepting explanations relating to migration of the ITAT portal and the death of a family member. The registration dispute was thereafter heard on ...
The Insolvency and Bankruptcy Code (IBC), introduced in 2016, has transformed India’s approach to corporate distress. Among its many provisions, Section 12A allowed insolvency proceedings to be ...
The National Company Law Tribunal (NCLT), New Delhi Bench, has permitted the withdrawal of corporate insolvency resolution proceedings (CIRP) initiated against ATS Heights Private Limited, the ...
If any resolution plan comes, it will be reviewed to see whether it qualifies under Section 12A of the IBC and then a decision will be taken by the CoC, bankers said. (Representative image) In a last ...
In an order dated May 5, the tribunal allowed withdrawal of CIRP following an amicable settlement with lenders under Section 12A of the Insolvency and Bankruptcy Code ...
NCLT permits withdrawal of insolvency proceedings against Nobility Estates after settlement with creditors. Read more about ...
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