Rulings
NCLAT: Reiterates that NPA date determining factor for calculating CIRP petitions’ 3-year limitation
NCLT: Allows exclusion of 30 days from CIRP period calculation due to COVID-19
NCLT: Grants another opportunity to realtor, refrains from initiating insolvency; Directs advance repayment
HC: Appoints arbitrator, absent consensus between parties as per agreed procedure
NCLAT: Timely liquidation preferred over endless resolution process, ‘speed’ of essence under IBC
NCLAT: Quashes NCLT order rejecting insolvency petition basis RBI’s Feb 12 Circular
HC: Quashes Bank of Maharashtra’s unreasoned order declaring Co.’s ex-promoters as wilful defaulters
SC: Extends NCLAT Judicial Member Justice A.I.S. Cheema’s tenure by 3 months
NCLAT: Debt once converted into capital cannot trigger CIRP; Upholds NCLT order rejecting insolvency petition
SC: Quashes NCLAT order rejecting resolution plan basis ‘misconceived’ grounds; Restores NCLT order
Pages
