Rulings
HC: Directs parties to resolve disputes through Conciliation first, rejects petition for appointing Arbitrator
NCLAT: Invocation of inherent powers when procedure prescribed under IBC, amounts to ‘abuse of process’
NCLAT: To decide on NCLT/NCLAT’s jurisdiction over eviction of licensee, on November 30
NCLT: Creditor cannot withhold Corporate Debtor’s assets as security once claims submitted to Liquidator
HC: Dismisses writ seeking quashing of NPA-declaration by creditor, cites alternative remedy before DRT
NCLAT: NCLT empowered to order investigation into fraud allegations against Corporate Debtor’s ex-Directors
HC: Cannot condone delay beyond 30 days after 3 months, in application for quashing arbitral-award
NCLT: Undervalued sale transaction for benefit of Corporate Debtor’s related party, fraudulent under IBC
NCLAT: Rejects plea seeking modification of order rejecting merger scheme, its partial enforcement
HC: Other agencies not precluded from conducting investigations for offences under PMLA Schedule
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