Rulings
NCLAT: Correspondences regarding OTS offer qualify as debt acknowledgement; Upholds CIRP initiation
NCLT: Dismisses insolvency application barred by limitation, filed by Creditor’s Chairman without authorisation
HC: Stays IBBI order penalizing IP for making payments during CIRP violating moratorium
HC: Can’t prosecute Chairman for cheque dishonor unless Company impleaded as accused
NCLAT: Amount loaned by Director to ease Corporate Debtor’s liquidity crunch, a ‘financial debt’
NCLAT: Re-constituted NCLT Bench cannot act as ‘Appellate Authority’ in matter reserved by erstwhile Bench
HC: Dismisses application for reference to Arbitration, considering Defendant’s coming within SARFAESI Act purview
NCLT: Orders suspended Directors to refund money received in transactions done post moratorium
NCLT: Rejects State Tax Commissioner's application seeking treatment as ‘secured creditor’
HC: Stays NCLT order initiating insolvency against MSME for default amount below enhanced threshold
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