Rulings
NCLT: Approves Piramal Capital’s Rs. 37K Cr. bid for DHFL’s resolution, appoints Committee to oversee implementation
HC: Quashes money laundering proceedings against NRI, citing absence of ‘scheduled offences’
NCLT: Chides CoC, Resolution Applicant, for “snail’s pace progress”, nonetheless, extends CIRP timeline
HC: Refuses to condone delay in arbitral matter due to ‘bald reasonings'
HC: Dismisses appeal against order rejecting stay on SARFAESI notice; Cites alternate efficacious remedy
NCLT: Corporate Debtor can’t seek Sec. 10A shelter for pre-Covid default; Initiates CIRP
NCLAT: Cannot validate CoC decision under ‘commercial wisdom’ pretext, when constitution ‘tainted’, quashes liquidation
NCLT: Corporate Debtor’s account need not be NPA for admitting insolvency application
HC: Resolves disputes between L&L Partners, exhorts healthy professional competition
HC: Dismisses plea seeking impleadment of party in arbitral proceedings, as ‘interim measure’
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