Judgement

ITAT Declares Tax Appeals Infructuous After Corporate Debtor's IBC Liquidation

The Tribunal held that assessment orders and the demand raised during the moratorium period are non-enforceable against the corporate debtor.

Income Tax Department cannot initiate Legal Proceedings upon Commencement of CIRP: NCLT

NCLT Sets Aside GST Assessment Order Passed Against Company During IBC Moratorium, Holding Proceedings Unsustainable During CIRP.

GST Liabilities and penalties cannot be imposed against Corporate Debtor during Moratorium period

Proceedings under Section 95 IBC against personal guarantors cannot continue before DRT once CIRP of corporate debtor is pending before NCLT

High Court Orders Transfer of Personal Guarantor Insolvency Proceedings from DRT to NCLT

Notifications

The Ministry of Corporate Affairs has notified exceptions for Corporate Debtor under Section 14(1) of Insolvency and Bankruptcy Code, 2016 (IBC) via issuing Notification.

MCA notifies Exceptions for Corporate Debtor under sec 14(1) of IBC

Articles

The Institute of Chartered Accountant of India(ICAI) has released Handbook on Enterprise Management of Corporate Debtor by Resolution Professional.

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ITAT Declares Tax Appeals Infructuous After Corporate Debtor's IBC Liquidation

Income Tax Department cannot initiate Legal Proceedings upon Commencement of CIRP: NCLT

GST Liabilities and penalties cannot be imposed against Corporate Debtor during Moratorium period

High Court Orders Transfer of Personal Guarantor Insolvency Proceedings from DRT to NCLT

MCA notifies Exceptions for Corporate Debtor under sec 14(1) of IBC

ICAI released Handbook on Enterprise Management of Corporate Debtor by Resolution Professional