Rulings
HC: ‘Opportunity of hearing to borrower’ not legislative intent of SARFAESI Act, dismisses writ
NCLT: “Blanket consent” for filing oppression petition ‘invalid’, absent application of mind by members
NCLT: Reprimands RP for conducting CIRP inefficiently, strikes down claim for ‘exorbitant’ fees
NCLAT: Urges Govt., IBBI to examine need to change legislative scheme on payment to Operational-Creditors
HC: Exonerates ex-Directors of company under Liquidation, for belatedly filing ‘Statement of Affairs'
HC: Court’s discretion to stay award under MSME Act 'broader' compared to Arbitration Act
NCLAT: Non-payment of TDS, no ground for admitting insolvency application; Quashes NCLT order
NCLT: IBC, RBI Circulars “disjoint sets” serving different purposes, none can “prevail” over another
HC: Sets aside assessment order passed during IBC moratorium period; Expunges remarks, vacates cost against Assessee's Counsel
NCLT: Allows Panasonic merger citing 'synergy', overrules IT Dept's objections over tax loss, tip-toes around GAAR
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