Rulings
HC: Interim stay on IT demand against IL&FS group co., raised after resolution cut-off date
HC: Dismisses IL&FS Director’s application challenging SFIO’s custody pending cognizance of charge-sheet
NCLAT: Quashes NCLT order rejecting insolvency plea basis 'short delay' in filing application
NCLT: Admits Operational Creditor's insolvency application for refund of advance payment, absent goods supplied
HC: Writ against private-bank which is neither “State” nor “Instrumentality of State”, not maintainable
HC: Rejects plea seeking abatement of suit, cites liquidator’s diligence in protecting company’s goods
HC: Allows NBFC to take possession of hypothecated assets pending arbitral proceedings
NCLAT: Cannot interfere with resolution-plan implementation; Dismisses appeal challenging NCLT’s refusal to order liquidation
HC: Grants bail during pendency of PMLA proceedings, cites delay in conclusion of trial
SC: Liability arising out of DRT Recovery Certificate qualifies as “financial debt” under IBC
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