Rulings
NCLT: Directs inquiry against IRP for ‘dereliction of duty’ in conducting CIRP
SC: Court exercising power u/s 9 of Arbitration Act shouldn’t withhold interim-relief basis mere technicality
NCLAT: Deprecates IRP for proceeding with CIRP “full throttle”, despite pending withdrawal application
NCLAT: RP not empowered to suo-moto admit claims without there being claims by Creditors
SC: Proceedings pending in parallel-forum not “sufficient cause” for delay in filing CIRP application
NCLAT: Reiterates, NCLT has no jurisdiction to quash IBBI’s disciplinary proceedings
NCLAT: TDS paid by Corporate Debtor on interest to creditor, not debt acknowledgment
SC: Dismisses plea seeking review of judgment under garb of 'miscellaneous application', imposes costs
NCLAT: Mobilization advance given to Corporate Debtor qualifies as ‘operational debt’ under IBC
NCLAT: Quashes NCLT order excluding interest from debt amount for meeting Rs. 1 Cr. threshold
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