Rulings
HC: No exemption from IBC proceedings for company substantially owned by Govt.
NCLAT: Limitation for appeal begins despite non-receipt of free order-copy by aggrieved party
SC: Directs Karnataka HC to conclude contempt proceedings against ‘serial litigant’ in Azim Premji case
HC: Loss determination not Arbitral Tribunal’s duty when party failed to substantiate claim
NCLT: Condones Tax Officer’s delay in filing claim with RP, considering COVID-19 lockdowns
NCLT: IT Dept. assessment orders pertaining to pre-CIRP period, ‘unsustainable in law’
SC: Grants 4 weeks for Amtek Auto resolution-plan implementation; “Deviation from timelines defeats purpose”
NCLAT: CoC empowered to authorise Corporate Debtor’s liquidation at any stage, exercising its ‘commercial-wisdom’
SC: Upholds HC-order rejecting suit challenging SARFAESI proceedings, given DRT’s exclusive competence
NCLAT: Documents providing NPA date to prove existence of financial debt, admissible in law
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