Rulings
NCLT: CIRP of Corporate Debtor, not prerequisite for initiating insolvency proceedings against Personal Guarantor
NCLAT: Quashes NCLT order allowing withdrawal of Resolution Plan post CoC-approval
NCLAT: Quashes insolvency initiation against travel Co., gives opportunity to settle matter considering COVID-impact
SC: To hear Azim Premji’s plea against Trial Court order in inter-locked cos. merger on December 2
NCLT: Money advanced by seller to associate supplier doesn’t qualify as ‘financial debt’
HC: ED cannot claim deemed extension of provisional-attachment order basis SC order extending limitation
HC: Directs BHEL to deposit 75% of total sum awarded to MSME-supplier in arbitration
NCLT: Rejects ARC’s bid absent RBI approval, raps CoC, RP for “bulldozing” resolution process
SC: Financial Creditor’s 'Power of Attorney' holder authorized to file insolvency application
NCLAT: NCLT must pass liquidation order when resolution plan not implemented within timeline
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