Rulings
IBBI: Suspends RP, directs reimbursement of fees paid to lender’s counsel charged as CIRP costs
HC: Approved resolution plan cannot stop garnishee proceedings when VAT authorities unaware of CIRP
HC: Injuncts Indian Oil from encashing Punj Llyod’s bank guarantees until after lockdown
HC: Dismisses Deepak Talwar’s bail plea in money laundering case; Cites “widespread tentacles” of crime
NCLT: Cannot examine legality of own order, rejects petition seeking review of insolvency order
NCLT: Approves Asian Paints’ Scheme of Amalgamation with its WoS
NCLT: Dismisses insolvency petition filed for settling score in internal disputes
NCLT: Approves demerger of Ensemble Holdings’ investment business into Godrej Industries
NCLT: Restructuring cannot change character of trade dues from operational to financial debt
HC: Grants injunction against bank guarantees’ invocation; Nationwide lockdown a ‘force majeure’ event
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