Rulings
SEBI: Penalizes NBFC for issuing misleading advertisement w.r.t public issue of Debentures
SEBI: No penalty on Promoter for violating PIT disclosure requirements; Reg. 13(2A) not ‘retrospective’
SEBI: Upholds penalty for failure to appoint Women Director; Discards ‘financial distress’ defense
HC: Directs Partners of firm to refer dispute to arbitration first; Refuses interim reliefs
NCLT: Insufficiently stamped debt assignment agreement unenforceable; Dismisses insolvency petition
IBBI: Penalizes IP for continuing services of existing auditors in liquidation proceedings
NCLAT: NCLT duty bound to find whether ‘dispute’ is real; Quashes order rejecting CIRP petition
SC: Allegations of collusion and fraudulent CIRP initiation must first be decided by NCLT
NCLT: Permits Govt. to re-open CG Power’s accounts observing suspicious and fraudulent transactions
NCLAT: Ongoing SFIO investigation no ground to amend oppression and mismanagement petition
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