One-Liner IBC Updates/News:
• NCLT permits withdrawal of CIRP in an application filed u/s 12A pursuant to order of admission passed by Tribunal
• The Concept of Acknowledgement of Debt – An IBC Perspective
• Closing the backdoor entry to promoters
• NCLT can’t directly ask Govt. to refer matter to SFIO as there is procedure required to be followed u/s 230(b)
• Attached property confiscated by Court of Economic Offences couldn’t be de-attached for liquidation: NCLAT
• Whether the vacation of office of managing director during CIRP, requires to be filled in by the Resolution Professional?
• NCLT refuses to condone delay in filling application u/s 45 for lack of reasonableness
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