Rulings
NCLT: Pending arbitral proceedings between Creditor and Corporate Debtor cannot affect insolvency proceedings
NCLT: Rejects CoC’s plea seeking IRP’s replacement; “Can’t doubt professional competency, neutral-approach prima facie”
NCLAT: Affirms NCLT order holding default in payment of interest, not ‘financial debt’
NCLT: MIDC’s claim pertaining to pre-CIRP period, stands extinguished on resolution plan approval
NCLT: RP not mere rubber stamp to keep admitting claims without any verifications
NCLT: No illegality by RP in admitting Creditor’s partial claim as reflected in balance-sheet
NCLT: Grants successful-bidder final opportunity to pay bid amount, to facilitate sale as going-concern
NCLAT: Share-transfer to outsiders disregarding pre-emptive right under AoA, ‘void ab initio’
NCLAT: Security deposit carrying interest, made with Corporate Debtor, qualifies as ‘financial debt’
HC: Govt. empowered to authorise freezing of assets, disgorgement of property under Companies Act
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