NCLT Articles & Guides
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A cost of Rs. 50,000 levied on conducting the search during moratorium period by the GST department
Brief summary of the case- CE Category- NCLAT interplay with GST public_profile can be reached at shaifaly.ca@gmail.com A cost of Rs. 50,000 was levied on the department for conducting search during the moratorium period. In this case the company was admitted to CIRP. After that
CA Shafaly GirdharwalFeb 23, 2024NCLT Bengaluru Bench Emphasizes Finality in Resolution Plan Approval Process
NCLT Bengaluru Bench: Resolution Plan Approval Process Must Not Lead to Endless CIRP In a recent ruling, the National Company Law Tribunal (NCLT) Bengaluru Bench addressed the case of Parag Finlease Pvt. Ltd. vs. Mr. Ratnakar Shetty, the Resolution Professional (RP) of Unishire Lifestyle Dwellings
“Valuation Report Disclosure Debate in Insolvency”
In a recent ruling by the National Company Law Appellate Tribunal (NCLAT) in the case of Kineta Global Ltd. v. IDBI Bank Ltd. & Ors., the issue of disclosing valuation reports to prospective resolution applicants has stirred debate within the legal and financial community. The
NCLAT in the case of Hemant Sharma Resolution Professional of Global Softech Ltd.
Case Covered: Hemant Sharma Resolution Professional of Global Softech Ltd. Order: Prayer for the exclusion of time as sought by the Resolution Professional of the Corporate Debtor – ‘Global Softech Ltd.’ was partially allowed by the Adjudicating Authority (National Company Law Tribunal), Ahmedabad Bench, Ahmedabad,