Rulings
NCLAT: “No conflict between IBC & PMLA”; Affirms NCLT order ousting PMLA Court’s jurisdiction
SC: West Bengal Housing Industry Regulation Act, 2017 repugnant to RERA, hence unconstitutional
NCLAT: Quashes NCLT order admitting insolvency application, given dubious claims in demand Notice
NCLT: Allotment of shares made without special resolution, fair valuation, ‘illegal’ & ‘oppressive’
IBBI: IRP not entitled to delegate statutory functions to “third party”
HC: Customs duty within “operational debt” purview, follows Ghanshyam Mishra precedent
SC: Application for insolvency initiation remains unaffected by winding up proceedings, dismisses appeal
NCLAT: Quashes NCLT order directing fresh bid submission despite plan approval by CoC
NCLT: Claims submitted during CIRP cannot be treated as those of liquidation process
NCLT: Directs RP to pay additional litigation costs to Creditor, out of resolution plan amount
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