Rulings
HC: Rejects petitions challenging “wilful defaulters” declaration; IBC-Sec. 32A benefit not available to every Promoter
NCLAT: Classifies shopping mall allottees as “financial creditors”; Quashes NCLT order
NCLAT: Quashes NCLT’s direction to consider delayed claim after resolution plan approval by CoC
SC: Rocks the Future-Reliance boat, allows Amazon’s appeal; “Emergency Arbitrator’s award enforceable”
NCLT: Terminates Corporate Debtor’s insolvency process due to Operational Creditor’s non-cooperation with IRP
SC: DRT’s money decree, recovery certificate gives ‘fresh cause of action’ to initiate insolvency proceedings
NCLT: Directs successful Resolution Applicants to pay decretal amount quantified by NCDRC to homebuyers
HC: Legislation banning online rummy crass, capricious, oozes State paternalism, “invalid in every pore”
NCLAT: Insufficient stamping of loan agreement irrelevant, when debt, default proven beyond doubt
HC: Dismisses borrower’s challenge to classification as NPA; Stems “attempts to bypass SARFAESI remedy”
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