Rulings
HC: 35 Key Excerpts from Bombay HC ruling quashing prosecution against erstwhile IL&FS auditors Deloitte and BSR
HC: Re-agitation of issues impermissible; Rejects petition observing company application pending before NCLT
NCLAT: Ascribing conditions to plan by Resolution Applicant, ‘unacceptable’; Affirms NCLT's liquidation order
NCLT: Directs EOW to release Corporate Debtor’s property for completing CIRP; Cites substantial public interest
NCLT: Dismisses individual Financial Creditor’s insolvency application absent ‘financial contract’
NCLAT: NCLT can direct replacement of co.’s Directors by Govt.; Cites prejudicial conduct of affairs
HC: Mere disqualification u/s 164(2)(a) no ground for DIN deactivation; Directs immediate activation
HC: Absent novation of original partnership deed, arbitration clause remains valid even after amendment
NCLT: Related party cannot object to CIRP withdrawal approved by CoC; Allows Sec. 12A application
NCLT: Application showing intention to initiate arbitration proceedings doesn’t establish ‘existence of dispute’