Rulings
NCLT: Devas Multimedia to be wound-up due to ‘fraud’; Appoints Provisional Liquidator
SC: Upholds constitutional validity of IBC amendments prescribing threshold for homebuyers to initiate insolvency
HC: NCLT Registrar cannot decide increased IBC threshold applicability; Directs listing before appropriate bench
NCLT: Advance paid by developer to property owner for redevelopment project, ‘operational debt’
HC: Copy of Delhi HC order staying removal of Luthra & Luthra’s Senior Partner Mohit Saraf, pending arbitration
NCLT: Rejects Liquidator's plea to quash ED's eviction notice for lack of jurisdiction
HC: Allows LLPs to benefit under LLP Settlement Scheme, 2020
HC: Stays NCLT order directing company’s revival, cites non-compliance with proviso u/s 252
SC: Rejects plea challenging recovery notice under SARFAESI Act, despite loan moratorium in force
HC: Allow Directors to avail CFSS, 2020 benefit when “substantial period” of disqualification has elapsed
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