Rulings
NCLAT: NCLT not empowered to deal with matters falling under PMLA Authority purview
HC: Arbitrators cannot apply fundamental rights while granting arbitral awards; Sets aside “illegal” award
NCLAT: Corporate Debtor’s officers/employees deemed to be under ‘discharge notice’ once liquidation proceedings initiated
SC: Cheque dishonor proceedings against firm’s partner can be quashed only basis ‘unimpeachable evidence’
HC: Interim moratorium against one guarantor not ipso-facto applicable against co-guarantor of same debt
HC: ‘Financial institution’ which is ‘borrower’ cannot resort to arbitration remedy under SARFAESI Act
NCLT: Corporate Debtor’s shareholders not entitled to seek copy of resolution-plan, CoC meeting minutes
SC: Oppression proceedings pending before NCLT no ground to dismiss application seeking arbitrator’s appointment
NCLAT: Upholds NCLT order rejecting insolvency application absent ‘financial debt’, imposes cost on Creditor
SC: Upholds amended provisions of Employees’ Pension Scheme, extends cut-off date to exercise option
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