Rulings
HC: Non-placement of Division Bench’s order before District Magistrate “prejudicial” to party’s interest
NCLAT: “Speed of essence under IBC”; Upholds NCLT-order refusing to condone 963-days’ delay in filing claim
SC: Courts empowered to consider question of jurisdiction, non-arbitrability in disputes regarding claims
NCLT: Rejects Operational-Creditor’s plea for directions upon Corporate-Debtor to file Balance Sheet to prove case
NCLT: Sends Future Retail to insolvency, dismisses Amazon's Intervention Application, rejects 'collusion' allegation
HC: Quashes ex-parte DGFT orders penalizing independent non-executive director, absent evidence of active role
HC: Allows transfer of winding-up proceedings to NCLT, absent ‘irreversible circumstances’
SC: Calls upon Govt. to introduce separate law to streamline grant of bails
NCLAT: Modifies NCLT order allowing insolvency application withdrawal to include settlement terms
IBBI: Suspends IP’s registration, cites lack of due diligence during claim collation, other contraventions