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IBC Settlement Framework Changes May Shift Board Insolvency Strategy
New IBC amendments enable out-of-court settlements, but implementation gaps may complicate board insolvency strategy and creditor negotiations.
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Resolution Applicant Criteria: When MSME Status Doesn’t Override Net Worth Thresholds
Tribunal rules MSME status doesn't exempt resolution applicants from CoC net worth requirements in insolvency proceedings, clarifying IBC eligibility framework.
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Courts Distinguish Between Voluntary and Coerced Tax Credit Reversals
Tribunal rules that ITC reversals made during GST inspections lack voluntariness, allowing departments to pursue fresh proceedings despite taxpayer compliance e
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DIN Holders Get Relief from Annual KYC as MCA Shifts to Three-Year Filing Cycle
MCA shifts DIN holder KYC filings from annual to three-year cycles, reducing compliance frequency while maintaining verification requirements for directors.
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Government Tightens Audit Rules: Three Changes Audit Committees Cannot Ignore
MCA proposes tighter audit rules with ₹1 crore penalties. Audit committees face compliance gaps in independence criteria, quality reviews, and enforcement timel