Rulings
NCLT: Dismisses plea seeking to quash resolution plan placed before CoC for approval
NCLAT: Deletes NCLT’s findings regarding security-enforcement, observing them to be contrary to resolution plan
NCLT: Not empowered to deal with PMLA matters; Rejects RP’s plea to quash ED’s attachment-order
SC: Dismisses appeal for quashing summoning order in cheque-dishonour proceeding, at pre-trial stage
HC: Mere filing of insolvency application, no embargo on Court to appoint Arbitrator
NCLAT: Upholds NCLT’s well-considered order rejecting suspended Director’s plea to quash CIRP proceedings
NCLT: Cannot venture into commercial aspects of CoC’s bid-approval decision, cites ‘limited judicial review’
NCLAT: Mere common shareholding not enough for seeking substantive consolidation of CIRP proceedings
NCLAT: Recalls NCLT-order directing Liquidator to maintain status quo regarding funds distribution to Financial-Creditors
HC: Revenue to reimburse prior-period pre-deposit amounts to Binani Cement’s successful resolution applicant