Corporate Law Updates By @HubofCA:
- IBC - Payment made for allottment of plot can be held as a financial debt: NCLAT
- IBC - Adjudicating Authority can extend time period in negation of statutory provision of code in an exceptional Circumstances exercising sound 'Judicial discretion' with a view to find a suitable 'Resolution Plan' to prevent an aberration of justice: NCLAT
- IBC - After admission of application and start of moratorium, order of High Court, allowing Respondent No. 1 to operate account without making good amount of Rs 32.50 lakhs to be placed in account of Corporate Debtor cannot sustain - SC
- IBC - Ss 18 & 19 of Limitation Act, 1963 is applicable to the Code: NCLAT
- IBC - Change in shareholders of Corporate Debtor on approval of resolution plan by virtue of IBC provisions cannot be termed as transfer of leasehold right: NCLT
