Rulings
NCLAT: Raps RP for belatedly accepting bid under “value maximization” pretext; Quashes NCLT order
HC: Quashes Directors’ disqualification, directs reactivation of their DINs, DSCs to allow CFSS benefit
HC: Cannot interdict Debenture Trustee’s right to invoke pledge absent denial of default
NCLT: Capital gains tax not part of liquidation cost; Follows Monnet Ispat dictum
SC: No accounts to be declared NPA till further orders, adjourns matter to September 10
NCLAT: Allows reduction of share capital, spares ‘typographical error’ in AGM minutes
NCLAT: Affirms NCLT order denying waiver from statutory liabilities while approving resolution plan
NCLAT: Refrains Corporate Debtor from playing blame game for non-repayment; Upholds insolvency order
NCLT: Suit filed against Corporate Debtor after CIRP commencement, ‘non-est’
NCLT: ‘Advance money’ not ‘operational debt’; Dismisses insolvency petition claiming refund
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