Rulings
NFRA: Rs. 1 cr. penalty on Reliance Home Finance auditor for lack of professionalism, ignoring fundamentals of auditing
HC: Severs part of arbitral-award setting 'dangerous precedent', being against clear provisions of contract
SC: Interprets "debt", upholds NCLAT-order classifying co. as ‘Financial Creditor’ basis “real nature of transactions”
SC: Corporate guarantor’s claim against new management doesn’t make it ‘financial creditor’
HC: Denies bail to Adarsh Group Director in loan fraud case
NCLT: Rejects Financial Creditor's malicious insolvency-plea, calls it "escape-mechanism for reaping fruits of Moratorium”
NCLT: Reliance Communications’ loan repayment to Reliance Capital not ‘preferential transaction’, a Sec. 43(3) exception
NFRA: Penalises auditor for failure to report material misstatement of Co.'s profits, non-compliance with SAs
HC: Cheque issued in Dubai, a "foreign instrument"; Upholds Indian Court's jurisdiction in dishonour case
NCLAT: Quashes NCLT-order overlooking collusion among Directors, Financial-Creditor, allows liberty for fresh application
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