Rulings
HC: Copy of Delhi HC order lifting status quo on Future-Reliance deal
SC: Shares pledged by Corporate Debtor absent undertaking to discharge liability, not ‘financial debt’
NCLT: Allows CIRP petition withdrawal, asks Financial Creditor to consider OTS offer modification
IBBI: Closes proceedings against IP for accepting assignment without Authorisation, cites ICSI’s disciplinary action
NCLT: Dismisses application aimed at derailing liquidation; Upholds Liquidator’s forfeiture of earnest-money deposit
NCLAT: Dismisses review application seeking to re-argue matter, for being “impermissible in Law”
NCLAT: NCLT must decide CIRP application within 14 days; No final hearing at pre-admission stage
HC: Suit seeking remedy for differential treatment of Club members, maintainable; Ousts NCLT’s jurisdiction
HC: Directs status quo on Future-Reliance deal, pending decision on enforcement of Emergency Arbitrator’s order
SC: Collusive transactions with Corporate Debtor don’t qualify as ‘financial debt’ under IBC
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