Rulings
NCLT: Rejects insolvency application filed by ‘unauthorzied’ Director, to stall Financial Creditors’ recovery proceedings
SC: Directs Govt. to file additional affidavit in interest-waiver matter; Further hearing on October 13
HC: Admits petition challenging Cos. Act, 2013 provision mandating time-limit for promoters' initial contribution
HC: Disqualifying Directors permanently could render CFSS, 2020 ‘nugatory’; Directs forthwith reactivation of DINs, DSCs
NCLAT: Quashes NCLT order rejecting insolvency application basis wrong default-date for computing limitation
NCLT: Dismisses pending oppression-mismanagement petition given initiation of insolvency proceedings against Corporate Debtor
NCLT: Remitting matter to Liquidator merely for ‘hearing ritual’ absent prejudice to Creditor, futile
NCLAT: No express provision for ‘review’ under IBC, ‘re-hearing’ impermissible in law
HC: No relief to ex-Promoters from declaration as willful defaulters, ‘IBC moratorium’ inapplicable
NCLT: Rejects shareholder’s plea seeking deletion of share conversion entries, highlights Board’s powers
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