Rulings
NCLT: Grants ad-interim relief against alleged oppression, injuncts Investor Directors from intervening in loans
NCLAT: Upholds CoC’s decision to liquidate Corporate Debtor before inviting EoI for resolution plan
NCLT: Upholds Company's procedure for Director’s removal; Rejects “Permanent Director” defense
NCLT: Time consumed in SICA proceedings doesn’t extend limitation period for insolvency petition
HC: Grants bail to Honorary Director, cites non-involvement in preparation of Financial Statements
NCLT: Rejects insolvency petition against Hungama Digital; Cites disputed claims, intellectual property dispute
HC: Denies interim relief under Arbitration Act, cites suppression of facts, “unclean hands”
HC: Absence of term ‘seat’ in arbitration clause doesn’t alter conferment of jurisdiction
NCLT: Directs Corporate Debtor’s ex-director to handover vehicle forming part of ‘liquidation estate’
NCLT: Allows extension in payment schedules, timeline for resolution plan implementation considering COVID-19 impact
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