Rulings
HC: Rejects Future Retail’s plea seeking stay on emergency arbitrator’s order
NCLAT: Financial Creditor having substantial ownership-interest in Corporate Debtor, a 'related party’, cannot be CoC-member
IBBI: Bars RP from rendering IBC services, for violations in 3 CIRPs
SC: Dishonour of cheque issued as ‘security’ attracts consequences u/s 138 of Negotiable Instruments Act
NCLAT: Affirms Customs Dept.’s right to submit claim with liquidator, as ‘operational creditor’
NCLAT: Affirms NCLT order refusing to direct liquidation, when resolution plan approved by CoC
NCLAT: Rejects Unsuccessful Resolution Applicant’s plea seeking bid consideration after resolution plan approval
SC: Arbitrator has ‘substantial discretion’ in awarding interest, HC order reducing interest-rate not justified
NCLT: ‘Refundable security deposit’ arranged by Joint Developer through third-party cannot constitute ‘financial debt’
NCLAT: Review, recall of own order not ‘inherent power’, impermissible in law