Rulings
NCLT: Rejects insolvency initiation application filed for recovering dues; Cites violation of IBC’s object
NCLAT: Directs NCLT to admit insolvency petition; Cites sufficient evidence for service of demand notice
NCLT: Initiates insolvency process; Discards dispute raised vide telephonic communication absent evidence
NCLT: Directs banks to reverse margin money appropriated from Corporate Debtor’s account during moratorium
NCLAT: DRT decree date not ‘default date’; Quashes NCLT order admitting time-barred insolvency application
NCLAT: Upholds CIRP period extension basis Registry’s inadvertence; Invokes maxim “Actus Curiae Neminem Gravabit”
HC: Arbitration clause under loan agreement not applicable to linked deeds of guarantee
HC: Cannot revive determinable contracts; Dismisses plea for injunction against termination till Arbitrator appointment
HC: Dismisses writ suffering from ‘serious factual dispute’; Cites efficacious remedy before NCLAT
HC: Arbitration venue decided by parties under agreement becomes ‘juridical seat’; Appoints Arbitrator
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