Rulings
NCLAT: ‘Timely Liquidation’ desirable over ‘Indefinite Resolution Proceedings’; Upholds NCLT order
NCLAT: Action under SARFAESI cannot be counted for exclusion of limitation in CIRP application
IBBI: Cautions RP to be diligent, maintain absolute independence in discharge of duties
HC: Post insolvency resolution, discharges Bhushan Steel’s new management from prosecution, courtesy Sec. 32A
NCLAT: Raps NCLT for ‘blatantly unwarranted’ remarks against Bank; Directs continuation of CIRP
NCLAT: Limitation period for applying under IBC starts ticking from default date
NCLAT: Approves Govt.’s ‘pro-rata’ distribution in IL&FS case, cites involvement of ‘public money’
NCLT: Dismisses name restoration plea; Observes RoC’s compliance with natural justice principles
NCLT: Admits insolvency application by Financial Creditor’s survivor; Rejects ‘probate absent’ defense
NCLT: Interest clause under invoices valid irrespective of being absent in purchase orders; Initiates CIRP
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