Recent changes in Income tax provisions in Budget 2018-19 in relation to companies facing Insolvency Proceeding or under corporate Insolvency resolution process
NCLAT has ruled precedence of IBC over Arbitration award in the liquidation proceeding of Surana Powers and set aside the decision of NCLT, Chennai which was in favour of BHEL- A Secured Creditor.
In a Landmark ruling high court squash the NCLT order of Insolvency Resolution Process against Rolta India Ltd and also through some lights on when Hight court can issue writ of certiorari.