Rulings
NCLT: Rejects ‘unjust’ resolution plan, calls offer value a “pittance”; Upholds homebuyers’ objections
HC: Change of arbitration ‘venue’ doesn't override choice of ‘seat’; Rejects challenge to award
NCLAT: Upholds insolvency against operational creditor’s “agent” corporate debtor ; Amounts due “operational debt”
SC: Issues directives for expeditious disposal of cheque bounce cases; Further hearing after 8 weeks
NCLAT: Upholds NCLT order initiating CIRP against debt acknowledged in Debtor’s balance sheets
NCLAT: Creditor not justified in presenting post-dated cheques to Bank, during liquidation proceedings
NCLAT: Quashes NCLT order admitting insolvency application, absent acknowledgement of debt within 3 years
HC: Appoints Arbitrator in dispute between Reliance Commercial Finance and Axis Bank
NCLT: Ring-fences Corporate Debtor’s new management from prior offences, directs attached properties’ release
SC: Copy of judgment overturning NCLAT ruling in V. Padmakumar case on debt acknowledgment under Limitation Act
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