Rulings
NCLAT: Provision requiring NCLT to seek IBBI’s confirmation on disciplinary proceedings pending against RP, “directory”
SC: MSME Facilitation Council must initiate proceedings under Arbitration Act, once conciliation fails
NCLAT: Share application money qualifies as ‘financial debt’, when shares not allotted
NCLAT: Can’t consider Banks lending to Corporate Debtor’s home-buyers as ‘financial creditors’
NCLAT: Not reflecting Corporate Guarantee in Debtor’s books, doesn’t invalidate Creditor’s claim
NCLT: Admits insolvency petition, rejects Corporate Debtor’s defenses terming them as “attempt to delay CIRP”
HC: Upholds RERA Authority’s jurisdiction on complaint against bank when SARFAESI provisions invoked
SC: Quashes HC’s ‘Mandamus’ directing Bank to ‘positively consider’ granting OTS-Scheme benefit to borrower
IBBI: Quashes SCN issued to IP for non-submission of documents, considering lockdown situation
SC: Joint Hindu Family’s Karta can solely execute sale agreement when legal necessity established
Pages
