Rulings
HC: MSME Council order not an arbitral award, cannot be executed under Arbitration Act
HC: Refers parties to arbitration, cites overarching principle ‘when in doubt, do refer’
SC: Quashes HC, Arbitral Tribunal orders denying NHAI right to file counter claim
NCLT: Rejects RP’s application seeking declaration of Corporate Debtor’s business-transfer to subsidiary as ‘fraudulent’
HC: Resolution-plan approval doesn’t absolve guarantor from liability, upholds bank’s action under SARFAESI
NCLAT: Quashes NCLT-order initiating insolvency process against Corporate Debtor undergoing liquidation since 1997
SC: Rejects NCLT Bar Association’s plea challenging Members’ 3-year tenure, denies extension
SC: Financial Creditor should be granted opportunity for explaining delay in filing insolvency application
NCLAT: Upholds NCLT order declaring Promoters’ transactions as ‘preferential’, cites sufficient evidence by Liquidator
NCLAT: Quashes NCLT-order rejecting Corporate Debtor’s request seeking time to file reply against CIRP-petition
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