Rulings
NCLAT: NCLT cannot substantially alter approved resolution plan under ‘clerical error’ rectification pretext
NCLAT: Foils creditor’s attempt to use IBC for enforcing contract that never materialized
NCLT: Operational Creditor to bear IRP remuneration expense, absent ratification by CoC
IBBI: Cancels IP’s registration for non-fulfilment of ‘fit and proper person’ criterion
HC: Independent director not vicariously liable for cheque dishonor, absent specific role attribution
NCLAT: Reiterates CoC’s commercial wisdom in approval of Resolution plan; Affirms NCLT order
NCLAT: CIRP against holding, no bar for initiation of insolvency proceedings against subsidiary
NCLAT: Reiterates RP has no jurisdiction to decide creditors’ claims
NCLAT: Allows operational creditors’ representative to “only watch” CoC proceedings
SC: Secured Creditor’s winding up petition valid regardless of recovery certificate from DRT
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