Rulings
NCLAT: Lease of land between developing authority, builder, not “financial lease”; Dismisses NOIDA’s appeal
NCLAT: Allows consolidation of CIRPs, cites fulfilment of all parameters envisaged in Videocon case
HC: Arbitral Award-holder’s claim stands extinguished once Award-debtor’s Resolution plan approved
NCLT: Insolvency application against builder alone non-maintainable when project a Joint Venture with landowner
NCLAT: Secured Creditors relinquishing interest rank equal under waterfall mechanism during liquidation
NCLT: Members render differing views in petition alleging oppression, seek 3rd Member appointment
NCLAT: Extends CIRP timeline, excludes time lost due to judicial intervention, lockdown imposition
NCLT: Rejects insolvency application, given service of demand notice by legally non-recognizable mode
NCLAT: Upholds reduction of Company’s share capital, quashes NCLT’s dismissal basis “untenable grounds”
NCLAT: No immunity against property attachment, absent resolution plan approval; Quashes NCLT’s de-attachment order
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