Rulings
NCLT: Ex-employees have no role in Corporate Debtor’s CIRP, involvement in CoC meeting
NCLT: Creditor’s PoA holder can file CIRP initiation application; Dismisses Debtor’s ‘specific authorization’ plea
NCLT: Rejects IBC petition seeking enforcement of a building redevelopment contract
SC: Transfers to itself, all petitions in HCs challenging IBC provisions for personal guarantors
SC: Trivial procedural lapses no ground to negate SARFAESI proceedings, absent ‘substantial prejudice’ to borrower
NCLAT: Quashes NCLT order approving “Arrangement Scheme” aimed at rectifying past non-compliances
NCLAT: Corporate Debtor’s ex-director cannot challenge CoC approved plan, absent substantial grounds
HC: Allows termination of arbitrator’s mandate for failure to pass award within contractual timeframe
NCLAT: Quashes CIRP initiation basis time-barred application; Reiterates, limitation starts from default date
HC: 30 Key Excerpts from Karnataka HC judgment in Franklin Templeton saga
Pages
