Rulings
NCLAT: Not required to calculate ‘exact’ debt amount while adjudicating Sec. 7 application
NCLAT: Appeal against CIRP initiation becomes ‘infructuous’ once CoC recommends liquidation
NCLT: Directs liquidator to disburse professional fees to erstwhile RP for continued services
NCLT: No gratuity payable to ex-employee, given non-creation of gratuity fund by Corporate Debtor
IBBI: Imposes Rs. 2.50 lakh penalty on IP for violating Code of Conduct, CIRP Regulations
SC: Upholds NCLAT order refusing to terminate GUVNL's power purchase agreement with Corporate Debtor
HC: Reprimands District Court for 13-year delay in deciding application challenging arbitral award
HC: Issuing summons ‘mandatory’ requirement; Quashes DRT decree, DRAT order citing procedural irregularities
NCLAT: Dismisses Siemen’s plea against encashment of bank guarantee by Meenakshi Energy’s RP
NCLAT: Mere creation of security interest by hypothecation doesn’t constitute ‘financial debt’
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