Rulings
NCLT: Rejects insolvency application absent proof of demand notice delivery
SC: Grants temporary bail in money laundering case, on medical grounds
NCLAT: Allows appeal filed within extended limitation period prescribed by Apex Court, owing to pandemic
HC: Rejects appeal questioning arbitral-award on “specious grounds”, slaps Rs. 1 lakh costs for “clogging-up” Court
NCLT: Cannot entertain application for new issue against Corporate Debtor once Resolution Plan approved
HC: Dismisses “vexatious” proceeding, imposes Rs. 25 lakh costs on Company for “wasting Court’s time”
NCLT: Allows merger scheme involving conversion of equity into preference shares
SC: Chairman/MD not vicariously liable for offences committed by Company unless specific role attributed
SC: Sole Arbitrator's mandate to continue arbitration proceedings wouldn't terminate on retirement
NCLAT: Affirms NCLT order holding creditor exercising ‘control’ over Corporate Debtor as ‘related party’
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