Rulings
IBBI: Imposes Rs. 2 lakh penalty on IP for lapses in conduct of CIRP
NCLT: Mere payment of TDS towards interest by Corporate-Debtor, doesn’t amount to debt acknowledgment
NCLAT: Leasehold rights an “intangible asset” of Corporate-Debtor, RP empowered to take its custody
SC: Deprecates HC’s practice of entertaining writs in SARFAESI-matters without exhausting alternative statutory remedy
HC: IBC interim-moratorium also applies to proceedings for determining liability of borrower / guarantor
HC: Rejects Future Group’s plea seeking termination of SIAC arbitral proceedings with Amazon
NCLT: Liquidator entitled to fee as percentage of amount realized and distributed in liquidation-process
SC: Suit for compensation not barred by Sec. 34 of SARFAESI Act; Restores Trial-Court order
NCLAT: Sets aside NCLT order admitting Financial Creditor’s ‘time barred’ insolvency application
HC: Upholds District-Judge order setting aside arbitral award, absent requisite disclosure by Arbitrator
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