Rulings
NCLAT: Operational Creditors not forming part of CoC, not required to know liquidation value
HC: Dismisses related party’s recovery suit against Corporate Debtor, given moratorium operation
NCLAT: RP’s fee not ‘claim’ under IBC, cannot be determined by Liquidator; Quashes NCLT-order
SC: Sentences Singh Brothers to 6-month imprisonment for contempt of Court in Daiichi-Ranbaxy case
NFRA: Penalises, debars CA for misconduct, chides for having “poor understanding” of Accounting Standards
NCLAT: Margin money not Corporate Debtor’s asset, can be appropriated by Bank during moratorium
SC: No bar on Applicant to withdraw insolvency application before constitution of CoC
SC: Approval of resolution plan for one borrower doesn’t discharge co-borrower; Affirms NCLAT-order
NCLAT: Amount paid in furtherance of proposed development agreement qualifies as ‘operational debt’
NCLT: Creditors holding ‘decree’ against Corporate Debtor undergoing CIRP qualify as “Financial Creditors”
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