Rulings
IBBI: Suspends RP for appointing unregistered entities as Corporate Debtor’s Valuers
NCLT: Share purchase amount not ‘operational debt’; Rejects CIRP initiation
NCLT: Sanctions ‘comprehensive’ composite amalgamation scheme, cites compliance with AS and GAAR principles
NCLT: Directs name restoration in ‘income tax escapement’ case; Cites public and Revenue interest
NCLAT: Financial Creditor cannot use Corporate Debtor’s subsequent NPA date to beat limitation bar
NCLAT: Quashes Adhunik Metaliks’ liquidation order; Cites settlement of all claims by Liberty House Group
NCLAT: Upholds NCLT order approving share capital reduction; Dismisses minority shareholders’ appeal
NCLAT: Upholds CoC’s power to replace IRP in any meeting without assigning reasons
NCLT: Dismisses appeal against refusal to register share transfer; Cites JV Agreement, AoA clauses
NCLAT: Corporate Debtor under Liquidation cannot initiate insolvency proceedings against its creditors
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