Rulings
NCLT: Dismisses IRP’s application to extract payment of expenses beyond fixed fees
NCLT: Allows Liquidator’s application seeking payment of fees, dues for performing duties as IRP
NCLT: Allows petition for revision of financial statements; Rejects IT Dept’s “revenue loss” claim
HC: Credit rating an ‘expert opinion’; Rejects Jindal Power’s plea challenging ICRA’s rating downgrade
NCLAT: Upholds NCLT order directing Appellant Bank to reverse money appropriated during moratorium
NCLAT: Quashes NCLT order allowing resolution plan’s withdrawal, condemns successful bidder’s “topsy turvy” stance
HC: Quashes criminal complaint for non-appointment of whole-time secretary under erstwhile Cos. Act
HC: Refuses interim relief against COVID-induced default; Cannot ‘introduce’ force majeure-like clauses
NCLAT: Reiterates pending SARFAESI proceedings cannot obstruct CIRP application admission; Affirms NCLT order
NCLAT: Quashes Corporate Debtor’s liquidation order on noting settlement of creditors’ dues
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