Rulings
NCLAT: NCLT obligated to look into allegations of fraudulent CIRP initiation; Quashes order
NCLT: Rejects Sec. 7 petition to initiate CIRP absent evidence substantiating commercial-effect to borrowing
NCLT: Tribunal not empowered to grant liquidated damages; Dismisses Creditor’s plea
NCLAT: Transfer of assets within Group cos. ex-facie, not ‘fraudulent trading’ under IBC
NCLAT: Quashes NCLT-order admitting insolvency application against Corporate Debtor, absent jural relationship between parties
HC: Cannot prosecute accused u/s 138 for dishonor of cheque issued to discharge time-barred liability
NCLT: Can entertain eviction-proceedings; Directs lessee to handover possession of Corporate-Debtor's property to RP
HC: Quashes Arbitral Tribunal’s order recalling earlier order terminating proceedings
NCLAT: Rejects suspended Director’s appeal against CoC decision to liquidate Corporate Debtor
IBBI: Directs Insolvency Professional to refund ‘arbitrarily fixed’ claim verification fee to Creditors
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