Rulings
HC: Dismisses Ultra-Tech's challenge to Assessment Order vis-a-vis NCLT's Resolution Plan, cites alternate remedy
NCLAT: Condemns Dighi Port's Promoters for obstructing resolution process, upholds Adani's plan
HC: Dismisses application for appointment of arbitrator, absent jurisdiction, “seat” determination
NCLT: Allows first charge-holder to sell assets, denounces Creditor’s “cantankerous efforts” to delay liquidation
NCLT: Upholds Assignee’s exclusion from CoC, since Assignor a ‘related party’
HC: Disallows “amplification” of challenge to arbitral award, absent nexus with original grounds
NCLAT: Distinguishes “Inability to pay” from “default”, quashes NCLT order rejecting insolvency petition
NCLAT: Debt acknowledged after limitation period expiry cannot reset clock; Quashes insolvency proceedings
HC: Regulations requiring Insolvency Professionals to pay annual fees to IBBI, not unconstitutional
NCLAT: Dismisses appeal questioning CoC’s commercial wisdom in rejecting resolution plan
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