CIRP - Seeking revival of company - Company Petition was ...

Case Laws Insolvency and Bankruptcy

May 19, 2023

CIRP - Seeking revival of company - Company Petition was disposed of taking settlement on record and when Clause 10 of the Settlement specifically contains an undertaking by the Corporate Debtor for revival, corporate debtor can not be allowed to go back from its commitment as was made in the settlement. - the Adjudicating Authority committed error in rejecting the revival application - AT

View Source

← Previous Next →

CIRP - Seeking revival of company - Company Petition was ...

Case Laws Insolvency and Bankruptcy

May 19, 2023

You may also like:

Seeking withdrawal of the CIRP proceedings - in the Terms of Settlement dated 21.04.2022, in Clause 12, it was mentioned that because of the Settlement, the...

Guidelines under clause (23FE) of section 10 of the Income-tax Act, 1961 - Circular

Deduction u/s 80IB - Disallowance of Deduction as project was not completed as work-in-progress was reflected in the profit and loss account - Observing the facts and...

Seeking withdrawal of main Insolvency and Bankruptcy Application - In the instant case on hand, the Committee of Creditors had voted under Section 12A of the Code...

Validity of Settlement Commission orders - The case involved petitions seeking directives for the issuance of formal orders under section 245D (4) of the Income Tax Act,...

Seeking closure (withdrawal) of CIRP proceedings - Settlement of dispute between the parties - The present is a case where Committee of Creditors has not yet been...

Denial of exemption u/s 10(10) - Once a case falls under clause (i) of section 10(10), the same cannot be brought within the purview of clause (iii) of section 10(10) -...

Contempt of Court - willful disobedience - The breach of undertaking amounts to contempt as defined under Section 2 (b) of Contempt of Court Act but a remedy is provided...

Seeking restoration of name of company in the Register of Companies - Company had not filed their `Balance Sheet(s)’ and Annual Return(s)’ for more than 12 years - the...

Liability of directors of private company in liquidation - steps taken against the delinquent Company - The order does not record any of the material which formed the...

Restoration of company petition seeking initiation of CIRP - In view of another petition, the fist petitioner was asked to approach IRP for further action - effect of...

Incomes not included in total income [Clause (23D) to Clause (50)] - Various clauses amended - Section 10 of the Income-tax Act, 1961

Incomes not included in total income - Clause (23C) of Section 10 amended - Section 10(17A) to 10(23C) of the Income-tax Act, 1961

The NCLAT upheld the order of NCLAT dismissing an application for resolution as the Corporate Debtor's name was struck off by the RoC. The application under Section 9...

Exemption under Section 10(48) - Notified Foreign oil Company selling crude oil in India - Notification

Quick Updates: