Rulings
SC: NCLT/NCLAT lacks authority to allow Resolution Plan withdrawals; Tribunals must adhere to IBC-timeline
HC: Issues notice in writ challenging order raising customs demand, after resolution plan approval
NCLT: Condemns RP’s ‘obduracy’ in denying claim for liability admitted in Corporate Debtor’s books
NCLAT: Devas Multimedia ‘deserves to be wound up’; Dismisses plea challenging NCLT order
NCLAT: “Pronouncement is sanctum sanctorum of judicial proceedings”; Sets aside ‘unpronounced’ NCLT order
SC: Can’t prevent Bank from exercising “secured creditor” rights due to Excise Department’s subsequent demands
NCLT: Amount invested by Corporate Debtor’s ex-Directors qualifies as ‘financial debt’
HC: Delhi HC issues notice in plea seeking stay on grant of registration to copyright society
NCLAT: Bars Jet Airways’ RP from creating third-party interest on equipments not fully paid for
HC: DRTs must prioritise large claims' disposal; "Choking banks’ monies arrests economy’s growth"
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