Rulings
NCLAT: Sec. 5 of Limitation Act applicable to Operational Creditor’s insolvency application
NCLAT: Dismisses suspended director’s challenge to CIRP initiation, cites recurring acknowledgement of debt
IBBI: Suspends IP’s registration for removing CoC members on non-contribution to CIRP costs
NCLT: Rejects supplier’s insolvency petition against tea company for being barred by limitation
HC: Upholds Single-Judge order refusing interim relief of ‘mandatory nature’ in arbitration proceedings
SC: Upholds NCLAT-order setting aside NCLT’s refusal to initiate insolvency process against personal guarantor
NCLAT: Debt pertaining to unpaid license fee qualifies as ‘operational debt’; Quashes NCLT order
NCLT: Penalises Operational Creditor for initiating insolvency process against Corporate Debtor with malicious intent
NCLT: Directs Administrator to conduct Board of Directors' election for managing Company’s affairs
HC: ED cannot take refuge under SC-orders extending limitation during Covid, quashes provisional-attachment orders
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