Rulings
HC: “District Magistrate to assist in physical possession of secured assets”; Allows SBI’s SARFAESI petition
NCLAT: Financial creditor can simultaneously initiate independent CIRP against principal borrower and guarantor
HC: Directs lenders’ consortium to release pledged shares, upgrade Jindal Thermal's NPA status to standard
NCLT: Merely paying remuneration to directors not 'oppression-mismanagement' without evidence
NCLT: Allows waiver-application to pursue oppression & mismanagement petition, given fraudulent share transfers
SC: Directs CBDT for affidavit on Rs.33,000 cr. income-tax assessment against Jaypee Infratech
SC: Special Court presided by Sessions Judge empowered to try IBC offences; Quashes HC judgment
NCLAT: Frees Dream 11 from CIRP; Quashes NCLT-order passed without considering Sec. 10A bar
NCLAT: “Deed of Security cannot be read as novation or discharge by lenders”; Upholds NCLT-order
HC: “Yardsticks of declaration as wilful defaulter unlike recovery-proceedings”; Allows bank to proceed with SCN
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