NCLAT Sets Aside Adjudicating Authority's Retrospective Extension Order, Grants Extension From the Date of Disposal of the Appeal
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![NCLAT Sets Aside Adjudicating Authority's Retrospective Extension Order, Grants Extension From the Date of Disposal of the Appeal](https://static.wixstatic.com/media/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.webp)
![Supreme Court Dismisses MSME Plea Against Section 43B(h) of the Income Tax Act: 45-Day Credit Extension Rule](https://static.wixstatic.com/media/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_f4ac4d7b133149e9b7279d836b198a5b~mv2.webp)
- May 13
- 1 min
Supreme Court Dismisses MSME Plea Against Section 43B(h) of the Income Tax Act: 45-Day Credit Extension Rule
![](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
![Even the appellant's status as an allottee does not affect the validity of Section 7 application due to non-compliance with the necessary provisions under IB Code](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
- May 13
- 2 min
Even the appellant's status as an allottee does not affect the validity of Section 7 application due to non-compliance with the necessary provisions under IB Code
![](https://static.wixstatic.com/media/d515a3_4e6a11e7f77945f4b953dcbc7a9b6199~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_4e6a11e7f77945f4b953dcbc7a9b6199~mv2.webp)
![Complaints under Section 138 of the NI Act against a company and its directors cannot proceed after the initiation of winding-up proceedings or during the moratorium](https://static.wixstatic.com/media/d515a3_4e6a11e7f77945f4b953dcbc7a9b6199~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_4e6a11e7f77945f4b953dcbc7a9b6199~mv2.webp)
- May 12
- 2 min
Complaints under Section 138 of the NI Act against a company and its directors cannot proceed after the initiation of winding-up proceedings or during the moratorium
![](https://static.wixstatic.com/media/d515a3_f14718b5c1454764bd4eae3cf6b04743~mv2.jpg/v1/fill/w_242,h_242,fp_0.50_0.50,lg_1,q_30,blur_30,enc_auto/d515a3_f14718b5c1454764bd4eae3cf6b04743~mv2.webp)
![A Successful Resolution Applicant cannot unilaterally withdraw or modify their approved Resolution Plan](https://static.wixstatic.com/media/d515a3_f14718b5c1454764bd4eae3cf6b04743~mv2.jpg/v1/fill/w_209,h_173,fp_0.50_0.50,q_90,enc_auto/d515a3_f14718b5c1454764bd4eae3cf6b04743~mv2.webp)
- May 12
- 2 min
A Successful Resolution Applicant cannot unilaterally withdraw or modify their approved Resolution Plan
![](https://static.wixstatic.com/media/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.webp)
![NCLAT set aside the Adjudicating Authority's approval of a withdrawal proposal under Section 12A and the CIRP for the Corporate Debtor was revived](https://static.wixstatic.com/media/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_0aac6e7a36ec461e9d747ca6eae09211~mv2.webp)
- May 11
- 2 min
NCLAT set aside the Adjudicating Authority's approval of a withdrawal proposal under Section 12A and the CIRP for the Corporate Debtor was revived
![](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
![Applications Against Personal Guarantors Must be Filed Before the Same NCLT Bench Where CIRP Against the Corporate Debtor are Pending](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
- May 11
- 2 min
Applications Against Personal Guarantors Must be Filed Before the Same NCLT Bench Where CIRP Against the Corporate Debtor are Pending
![Valuation Expedition: Navigating Insights and Strategies](https://static.wixstatic.com/media/d515a3_29dc2dae25e74f369541d424757286e5~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_29dc2dae25e74f369541d424757286e5~mv2.webp)
- May 10
- 2 min
Valuation Expedition: Navigating Insights and Strategies
![IBBI mandates the uploading of judicial orders related to insolvency proceedings by Insolvency Professionals (IPs)](https://static.wixstatic.com/media/d515a3_1a41bd81678a453f8c6a1332c4453164~mv2.png/v1/fill/w_209,h_209,fp_0.50_0.50,q_95,enc_auto/d515a3_1a41bd81678a453f8c6a1332c4453164~mv2.webp)
- May 10
- 1 min
IBBI mandates the uploading of judicial orders related to insolvency proceedings by Insolvency Professionals (IPs)
![](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
![High Court upholds the lenders' right to transfer assets without borrower consent](https://static.wixstatic.com/media/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.jpg/v1/fill/w_209,h_209,fp_0.50_0.50,q_90,enc_auto/d515a3_c1b9b022c9eb40c9b10f3364a50edae9~mv2.webp)
- May 10
- 2 min
High Court upholds the lenders' right to transfer assets without borrower consent