Rulings
HC: No interim relief to Cooperative Banks against Ordinance subjecting them to RBI supervision
HC: Rejects plea for termination of Arbitrator’s mandate; Arbitrator free to determine own fees
NCLT: Excludes COVID-induced lockdown period from insolvency process timeline
NCLT: Admits insolvency petition filed by British operational creditor; Rejects “warranty breach” defense
NCLT: Dismisses petition making "sweeping allegations" of oppression-mismanagement; Observes suppression of vital facts
NCLT: Imposes compounding fee for failure to obtain shareholders’ approval before advancing loan
NCLT: No contempt proceedings against Debtor’s ex-Directors, however, directs RP to obtain assets’ possession
NCLT: Rejects CIRP initiation filed merely for recovering dues, against a healthy company
NCLAT: Directs NCLT to consider RP’s application for resolution plan approval, despite delay
NCLAT: Directs admission of insolvency application; Cites Corporate Debtor’s failure to prove ‘pre-existing dispute’
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