Rulings
NCLAT: Claim adjustment by banks, out of Corporate Debtor’s funds during moratorium, not justified
NCLAT: Dismisses appeal challenging NCLT order disallowing waiver of statutory liabilities in resolution plan
HC: “IBC has overriding effect”; Quashes parallel proceedings against developer under State Act
NCLT: Slum Rehabilitation Authority’s order ending Corporate Debtor’s appointment as developer, during moratorium, "invalid"
HC: Lifting of corporate veil not justified absent allegation of fraud against Directors
NCLT: Allows opportunity to resolve disputes pertaining to winding-up of Megacity Developers
NCLAT: Rejects shareholders’ plea seeking stay over CIRP, absent material irregularity in RP’s conduct
NCLT: Upholds rejection of creditor's 25-year old claim by Resolution Professional
NCLT: Transaction governed by High Seas Sale Agreement cannot be re-christened as “Financial Debt”
NCLT: “Devas Multimedia incorporated fraudulently, for unlawful purposes”; Directs winding-up
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