IRP

MUMBAI: Several companies that have successfully bid and taken over operations of a defaulting company under the Insolvencyand Bankruptcy Code (IBC) find themselves stuck in litigation for past GST dues, despite the law granting them full…

The tail fins of Go First airline, formerly known as GoAir, passenger aircrafts are seen parked on the tarmac at the airport in New Delhi, on May 11, 2023. | Photo Credit: Reuters The NCLT on June 5 directed the IRP of Go First to file a…

Go First chief executive officer Kaushik Khona and tribunal-appointed interim resolution professional Abhilash Lal on Thursday reached out to the airline’s staff, seeking their support for revival. While Khona said the company had taken…

Businesses with turnover of ₹100 crore and above will have to upload their electronic invoices on IRP within 7 days of the issue of such invoice with effect from May 1, GST Network has said.Currently, businesses upload such invoices on…

Businesses with turnover of ₹100 crore and above will have to upload their electronic invoices on IRP within 7 days of the issue of such invoice with effect from May 1, GST Network has said. The validation system built into the…

NEW DELHI: Creditors of Future RetailLtd have submitted claims worth Rs 21,324.18 crore against the debt-ridden company presently facing an insolvency resolution process. The financial creditors of the companies, which mainly include banks…