Rulings
SC: Quashes arbitral award passed in ‘haste and hurry’, violating principles of natural justice
NCLT: Disallowing company name restoration merely on failure to file financial statements, unjust
NCLAT: New contract between parties gives fresh cause of action to file insolvency application
SC: NCLT, NCLAT can “encourage”, but not direct settlement by acting as ‘courts of equity’
NCLAT: Liquidator entitled to cancel auction before issuance of sale certificate to successful bidder
HC: Rejects plea challenging arbitrability of dispute falling under RERA, absent objection before Arbitrator
NCLT: “RP not an Adjudicating Authority”, cannot determine quantum of claims, parties’ rights
NCLAT: RP can’t approach NCLT when contractual dispute doesn’t pertain to Corporate Debtor’s insolvency
HC: Setting of time-limit by CMM for taking secured-asset possession, against SARFAESI Act objective
NCLAT: Debt acknowledgment must relate to present subsisting liability; Upholds NCLT order initiating CIRP
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