Rulings
NCLT: Allows oppression petition; Directs shareholders to effect rightful share transfers immediately
IBBI: Directs RP to deposit amount withdrawn from Corporate Debtor’s account without authorization
NCLT: Sole proprietary concern not a ‘person’ under IBC; Rejects insolvency application
NCLAT: Limitation period starts ticking from NPA declaration date; Upholds NCLT order
NCLAT: Utilisation of sale proceeds for CIRP not ‘illegal’, affirms NCLT order
HC: Upholds pecuniary jurisdiction to entertain award challenge plea; Quashes earlier ‘terse’ order
HC: Dismisses steel importers’ plea to resile from contractual obligation amid lockdown
NCLT: Admits insolvency application; Invoking arbitration clause after receiving notice demanding dues, an “afterthought”
NCLAT: Upholds NCLT order disqualifying 63 Moons’ functioning Directors, allowing Govt. to nominate 3 Directors
SC: Indian Courts have no jurisdiction when arbitration “seated” outside India
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