Rulings
NCLT: Sole reliance on TDS Certificate not sufficient to prove ‘Financial Debt’
SC: NBFCs’ life from ‘womb to tomb’ regulated by RBI, State enactments won’t apply
NCLT: Oppression disputes non-arbitrable; Arbitration clause in ‘Investment Agreement’ can’t oust exclusive jurisdiction
SC: Corporate Debtor’s Directors would continue to be statutorily liable for cheque-dishonour even after IBC-moratorium
NCLAT: Affirms NCLT order directing Corporate Debtor’s ex-Directors to make good fraudulent transactions’ losses
SC: Partner not ‘vicariously liable’ for cheque-dishonor unless Firm impleaded as principal accused
NCLT: Approves Scheme of Compromise proposed by ex-Promoter, for Textile Company under liquidation
SC: 'Group of Companies' Doctrine requires relook, refers matter to larger bench
HC: Stays ED’s seizure order, allows Xiaomi to operate bank accounts for day-to-day expenses
NCLT: Proceedings under IBC not ‘suits’, admits unregistered Partnership Firm’s insolvency application
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