Rulings
NCLT: Increased IBC threshold does not save Corporate Debtors from pre-pandemic defaults
NCLT: Directs Customs Commissioner to handover possession of Corporate Debtor’s goods to IRP
NCLT: Amount disbursed in Debtor’s favour absent ‘time value of money’ not ‘financial debt’
NCLT: Extends Liquidation timeline, to facilitate implementation of ‘arrangement scheme’ for corporate debtor
NCLT: Admits insolvency petition, absent arbitration proceedings pending on default date
HC: Quashes cheque dishonour complaint against Company’s ex-CEO, absent specific role in transaction
SC: Extends Mr. BSV Prakash Kumar’s tenure as NCLT Acting President, till regular appointment
SC: Directs SEBI to appoint observer for Franklin Templeton e-voting
NCLT: Initiates insolvency process despite ongoing SARFAESI proceedings
HC: Dismisses petition for arbitrator appointment, cites 'novated contract'; ‘Kompetenz-Kompetenz’ principle inapplicable
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