Rulings
NCLT: No illegality in invoice-based demand notice sent in Form-3 instead of Form-4
NCLAT: NCLT cannot initiate IBC insolvency process against “protected” financial service provider
NCLT: Acceptance of fresh cheques extends due date; Rejects insolvency petition as non-maintainable
SC: Cannot cross Sec. 34 “Lakshman Rekha” to modify arbitral award
NCLT: Allows IBBI’s plea seeking replacement of IRP, cites non-performance of statutory duties
HC: Allows petition seeking arbitrator’s appointment on all contingencies u/s 11(6) being established
NCLAT: Guarantee given by Corporate Debtor for group entity’s loan, qualifies as ‘financial debt’
NCLAT: Hears BoM's plea - "Can't be paid less than liquidation value"; Stay on Vedanta's bid for Videocon granted
NCLT: Liquidator cannot keep Company afloat without funds, rejects workers’ plea seeking dues payment
NCLAT: Financial Creditor cannot adopt procedures delaying CIRP, defeating IBC objects
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