Rulings
SC: Copy of SC order relegating Future Group to Delhi HC, for deciding on NCLT proceedings’ continuation in Future-Reliance deal
SC: Quashes Arbitral Award dealing with disputes not contemplated by Arbitration Clause in Agreement
NCLAT: Relationship between DHFL, NHB not limited to debtor-creditor; Cannot equate NHB with other financial-creditors
NCLAT: Resolution-Applicant not entitled to avoidance transactions’ outcome; Directs DHFL CoC to reconsider approved plan
HC: Quashes NCLT’s CIRP-order, given default under Rs. 1 Cr., application filed after March 24, 2020
HC: Chides Company for appointing employee as arbitrator, making “mockery” of dispute resolution regime
NCLT: Dismisses plea seeking rejection of RP’s report recommending initiation of CIRP against personal-guarantors
SC: “Serial litigant” in Azim Premji case surrenders, tells SC, “will tender apology”
HC: Upholds order summoning Director in cheque-dishonor proceedings, given case at “nascent stage”
HC: Cannot quash Sec. 138 proceedings against Directors basis IBC moratorium; Follows P. Mohanraj precedent
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