Rulings
NCLAT: Allows Liquidator to sell Corporate Debtor’s assets, despite Creditor’s refusal to relinquish security interest
NCLT: Directs outstanding debt payment instead of initiating insolvency process considering prevailing financial crisis
NCLT: Grants Corporate Debtor more time to repay dues, given pandemic, willingness to pay
NCLT: Rejects CIRP initiation against Karnataka’s leading energy developer; Allows time to settle debts
NCLT: Initiates CIRP on Debtor’s failure to prove dispute over quality of goods supplied
HC: Dismisses contempt allegations aimed at hindering MCA, SFIO from discharging statutory obligations
NCLT: Modifies "Schemes of Arrangement" for Corporate Debtor; Directs Liquidator to constitute Stakeholders' Committee
HC: Dismisses petitions seeking direction to Arbitrator to deliver award, for being premature
NCLAT: Dismisses SEZ Officer’s appeal against approved resolution plan seeking waiver of de-notification payments
NFRA: Third strike in IL&FS case, debars another Deloitte Partner for professional misconduct
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