Rulings
SC: Advance paid to Corporate-Debtor, for supply of goods, an ‘operational debt’
NCLT: Directs creditors to hand-over Corporate Debtor’s mortgaged property to Liquidator, for claims settlement
HC: Notice to IBBI in plea challenging complaint against successful bidder’s Directors for contravening approved-bid
SC: To hear appeal challenging NCLAT order on Corporate Debtor’s goods lying in Customs warehouse
HC: Quashes Arbitral Tribunal’s order awarding interest despite express bar in contract
NCLAT: Abandoned goods lying in Customs warehouse cannot be considered as Corporate Debtor’s assets
NCLAT: Upholds NCLT order rejecting insolvency initiation absent privity of contract between parties
NCLAT: Creditor cannot file insolvency initiation application for chasing payments; IBC not recovery forum
IBBI: Pendency of serious criminal proceedings renders person ineligible to be Registered Valuer
NCLT: Dismisses workmen’s pleas claiming wages in liquidation process, absent favourable-order from Labour Court
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