Corporate Story – SMEConnect Portal and Magazine

Corporate Debtor Cannot Be Prosecuted After Successful IBC Resolution for Offences Committed Prior To Commencement Of CIRP: Delhi HC

February 8, 2025February 13, 2025SMEConnect-DeskLeave a Comment

The Delhi High Court has ruled that a Corporate Debtor that has undergone a successful resolution process under Section 31 of the Insolvency and Bankruptcy Code, 2016 (IBC), cannot be prosecuted for offences committed prior to the commencement of the Corporate Insolvency Resolution Process (CIRP). The Single Bench of Justice Manmeet Pritam Singh Arora made […]

MCA grants five-year dematerialization breather for producer companies

September 27, 2024September 30, 2024SMEConnect-DeskLeave a Comment

Extended deadline replaces earlier 18-month compliance window. In a significant move, the Corporate Affairs Ministry (MCA) has granted relief for “producer companies”, extending the compliance window on mandatory dematerialisation of their existing shares. Producer companies, who were earlier required to complete dematerialisation of their shares by September 30, 2024, have now been given time till […]

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