Rulings
HC: RoC not empowered to deactivate DIN; Quashes disqualified Directors’ list absent ‘prior notice’
NCLAT: No “sleeping directors” concept under IBC; Upholds NCLT order requiring Independent Directors’ cooperation
NCLT: Compounds CSR norms violation considering Company made good default in subsequent years
NCLAT: Ex-Promoter can submit revival-scheme even after Corporate Debtor is pushed into liquidation
NCLAT: Members differ over admission of creditor’s claim by RP after IBC-moratorium imposition
NCLT: Admits insolvency application, absent pre-existing disputes, admission of operational debt due
NCLT: Extends CIRP period considering extraordinary circumstances due to COVID-19 lockdown
NCLAT: Upholds insolvency initiation over ‘admitted’ operational debt; Rejects ‘difference in amounts’ defence
NCLAT: Successful bidder can’t wriggle out of liabilities once bid approved, disallows withdrawal
HC: Disallows belated reference to arbitration, being “afterthought”; Cites unequivocal submission to Court’s jurisdiction
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