Rulings
IBBI: Restrains IP from seeking or accepting any IBC assignment, pending CBI investigation
NCLAT: CoC, RP not empowered to reclassify creditor’s status from ‘financial’ to ‘operational’
HC: No fresh lease of life to borrower; Cites “miserable failure” on previous repayment-opportunities
SC: Corporate Debtor cannot be saddled with costs of CIRP initiated at Creditor’s behest
HC: No valid claim can lie against Corporate Debtor once resolution plan approved
HC: Directs reactivation of Director’s DIN, DSC to enable him to start new businesses
HC: Sets aside arbitrator appointment effected ‘unilaterally’, for being ‘unsustainable in law’
HC: Extends time for MSME to submit restructuring plan, investment proposal till January 31
HC: Urges L&L Partners to “wear lawyer’s hat”, resolve dispute amicably; Restricts Mohit Saraf’s physical access to firm
NCLAT: Corporate Debtor cannot misuse IBC provisions on ‘pre-existing dispute’; Upholds insolvency order
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