Rulings
NCLAT: Creditor can initiate simultaneous proceedings against Principal Borrower and Corporate Guarantor
NCLAT: Rejects GST Department’s belated claims filed after bid approval by CoC
IBBI: Penalizes IP for outsourcing his primary duty to verify claims received during CIRP
HC: Allows writ seeking transfer of securitisation proceedings to functional DRT
HC: Denies transfer of securitisation application, given borrowers’ willingness to repay loan dues
NCLT: Terminates “right to use” Corporate Debtor’s trademark "CONCEPT Education" for Resolution Plan implementation
HC: Can’t prosecute Director for cheque-dishonour, if company not arrayed as ‘accused’
NCLT: Initiates insolvency process against realtor Supertech for Rs. 431 Cr. default
HC: Refuses to transfer winding up proceedings to NCLT, given “irreversible steps” taken
NCLAT: Decree Holder qualifies as ‘creditor’, eligible to initiate CIRP against Corporate Debtor
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