Rulings
NCLAT: Mere obligation to pay under Settlement Agreement, not ‘financial debt’
NCLT: Allows use of Corporate Debtor’s premises for treating Covid-19 patients
NCLT: Initiates CIRP for pre-Covid default exceeding Rs. 1 lakh; Denies shelter u/s 10A
SC: Expunges observations by 5-member NCLAT Bench against Referral Bench members
NCLAT: 'Deposit' a 'financial debt'; Quashes NCLT order rejecting insolvency petition
NCLAT: “Delhi Gymkhana Club perpetrating apartheid”; Upholds NCLT order appointing Govt. nominated administrator
SC: Order refusing condonation of delay in challenge to arbitral award, appealable
NCLT: Larger bench to decide whether IRP can file CIRP withdrawal application after inviting claims
HC: Coffee Plantations not “agricultural lands” under SARFAESI, security interest can be enforced
NCLT: Notification redefining MSMEs applicable prospectively, erstwhile promoters thus ineligible for submitting bid
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