Rulings
NCLAT: Corporate entity’s liability cannot be automatically fastened on Directors, directs Co. to pay dues
NCLT: Advance payment without accrued interest, doesn’t qualify as ‘financial debt’ under IBC
NCLAT: Affirms NCLT-order rejecting Sec. 7 application, given transactions between parties not “financial debt”
SC: Standard for deciding ‘pre-existing dispute’ under IBC cannot be equated with ‘preponderance of probability’ principle
SC: Arbitral Tribunal duty-bound to give reasons for fixing interest rate awarded
IBBI: Cancels registration of Insolvency Professional who has crossed 70 years of age
NCLAT: Term-loan of collusive nature, not ‘financial debt’; Quashes insolvency proceedings against Mack Star
NCLT: Directs CoC, RP to consider ex-promoter’s resolution plan for MSME, subject to EMD
NCLT: Dismisses Haryana Excise Department’s belated application seeking claim admission, absent due diligence
SC: Rejects purported director’s appeal challenging Company name striking-off, absent locus standi
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