Rulings
NCLT: Inter-se priorities amongst secured creditors valid for asset distribution in liquidation
HC: Exclude lockdown period for computing 90-day NPA timeline; Grants interim relief to borrower
HC: Sets aside account classification as NPA, given RBI’s guidelines on loan repayment moratorium
NCLAT: Court decree cannot shift forward default date for computing CIRP application limitation
NCLAT: Pending litigation involving Company and management, ‘just ground’ for name restoration
NCLAT: Liquidator cannot be forced to defend other proceedings instituted against Corporate Debtor
NCLT: Directs bank to release Corporate Debtor’s fixed deposits to complete CIRP
NCLT: Statutory dues qualify as ‘Operational Debt’, are hit by moratorium
NCLAT: Rejects Gayatri Devi’s grandchildren’s claim on Jai Mahal Hotels; Follows SC findings
NCLAT: NCLT not empowered to directly order investigation by SFIO against Corporate Debtor
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