Rulings
SC: Refers debate around “Courts' power to modify an arbitral award”, to Larger Bench
HC: Affirms Single Judge order denying condonation of 755-days delay in challenging arbitral award
IBBI: Slaps Rs. 2-lakh penalty on IP for contraventions in respect of multiple corporate debtors
NCLT: Directs Byju’s to place funds received from Rights issue of shares in escrow account
NCLAT: Rejects appeal against insolvency rejection, given claim amount below Rs. 1 cr. threshold, limitation hurdle
NCLAT: Quashes NCLT-order including ‘period of interim-application pendency’ in CIRP extension
HC: Mere use of word ‘fraud’ cannot foist Civil-Court’s jurisdiction if specifically barred under SARFAESI
HC: Imposes 'exemplary' cost on Sony India for “protracted litigation” in arbitral dispute
HC: Pending Sec. 34 application doesn't stop proceedings for execution of arbitral award
NCLAT: Directs IRP to include German financial-lender in CoC, mere common Director no bar
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