SC admits appeal by Dept of State Tax in Siddheshwar Industries insolvency caseThe Supreme Court admits an appeal by the state tax department to be treated as a secured creditor in Siddheshwar Industries' insolvency ca...
21 Oct, 2024, 07.59 PM IST
In setback for lenders, Supreme Court dismisses pleas over govt dues under IBCIn a setback for creditors, including State Bank of India and Indian Overseas Bank, the Supreme Court dismissed their petitions seeking a r...
31 Oct, 2023, 10.24 PM IST
SC rejects pleas seeking review of its judgment considering tax authorities as secured creditorsIndia's top court has rejected pleas which sought a review of its earlier judgment in which it said that statutory creditors like tax autho...
31 Oct, 2023, 11.02 AM IST
Banks seek review of SC order tagging statutory creditors as 'Secured' onesIn its September 6 order, the top court ruled that any insolvency resolution plan, approved by the financial creditors by ignoring the stat...
02 Feb, 2023, 11.53 PM IST
Circular in works on tax recovery from cos under IBCThe revenue department will discuss the necessary changes with the Ministry of Corporate Affairs (MCA) that administers the Insolvency and ...
20 Dec, 2022, 07.17 AM IST
Haircuts need to be less hair-raisingThe finance ministry has begun work on the forthcoming budget. Who should end up holding the can? Is there income in the first place if eve...
21 Nov, 2022, 12.20 AM IST
'Secured creditor' in IBC doesn't exclude govt bodies, says SCLegal experts say the judgement will set a precedent for more cases as until now tax dues were generally excluded from the secured creditor...
08 Sep, 2022, 12.28 AM IST
Gujarat secured creditor under IBC for tax purposes: Supreme CourtA bench comprising justices Indira Banerjee and A S Bopanna also set aside the orders of the tribunals by which the resolution plan to revi...
06 Sep, 2022, 09.53 PM IST
Non-payment of TDS not a ground for initiation of insolvency process: NCLATSetting aside an order of the Kolkata bench of NCLT, the appellate tribunal said "the process of Insolvency & Bankruptcy Code (IBC) cannot ...
23 May, 2022, 02.54 PM IST
Videocon insolvency: Creditors to take 96% haircut on dues; NCLT requests increase in pay-out"Out of total claim amount of Rs 71,433.75 crore, claims admitted are for Rs 64,838.63 crore and the plan is approved for an amount of only...
16 Jun, 2021, 07.33 AM IST
Dues by ailing firms to Centre, states extinguish if not part of resolution plan under IBC: SCThe apex court said the principal objects of IBC is to provide for "revival of the Corporate Debtor and to make it a going concern" and rem...
13 Apr, 2021, 10.44 PM IST
Jaypee Infra insolvency: Lenders move NCLAT seeking nod to vote against NBCC bidThe voting on NBCC's bid started on Friday and will continue till June 10.
01 Jun, 2019, 12.35 PM IST
Jaypee Infra insolvency: Lenders put 5 conditions to NBCC for considering bidNBCC was unlikely to dilute certain conditions but was open to negotiating on the offer related to unsold flats.
29 May, 2019, 03.09 PM IST
NBCC seeks waiver of Rs 40k-crore claims on Jaypee Infratech LtdNBCC has made these claims under the header – Reliefs and Concessions – in its revised bid that it had submitted to the Committee of Credit...
08 May, 2019, 07.29 AM IST
Creditors' dues find precedence over tax recovery in insolvency billTax experts laud the bill for providing a legal framework for timely resolution of insolvency disputes, which would reduce the level of dis...
29 Dec, 2015, 12.50 PM IST
Revenue department can’t claim tax for over a decade old tax report: I-T tribunalMumbai bench of I-T tribunal held that if the revenue authorities do not raise demand for over a decade, then they loses the right to claim...
11 Aug, 2015, 09.14 PM IST
- The final word on secured lending
Effect of SC judgment is that claims of the state govt for arrears of sales tax and other taxes, if given statutory first charge over prope...
18 Mar, 2009, 03.35 AM IST