Rulings
HC: Sets aside CLB order dismissing oppression petition without hearing shareholder on ‘maintainability’
HC: Dismisses application seeking arbitrator’s appointment for being barred by limitation
SC: NCLAT cannot review NCLT decision allowing Corporate Debtor’s asset-sale on Liquidator’s application
NCLT: Keeps CIRP-initiation in abeyance for 6 months, cites Corporate-Debtor’s intention to settle dues
SC: “IBC prevails over Customs Act”; Allows liquidator to secure goods lying in Customs warehouse
HC: Quashes arbitral award directing Antrix to pay USD 562-mn. damages to Devas Multimedia
NCLAT: Non-payment of royalty against trademark license, an ‘operational debt’; Affirms CIRP initiation
HC: Complaint under IPC cannot be filed if cheque dishonour proceedings pending
NCLT: Rejects insolvency application given debt amount below required threshold limit of Rs. 1 Cr.
SC: Pre-institution mediation u/s 12A of Commercial-Courts Act ‘mandatory’, violation to result in suit rejection
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