Rulings
NCLAT: Quashes NCLT's insolvency order against Asian Hotels; CoC decision rejecting Promoters' proposal "arbitrary"
SC: SC to hear Deloitte's review petitions in IL&FS case, in open Court
HC: Borrowers can approach DRT against Magistrate's order; Bar under SARFAESI Act Sec. 14(3) inapplicable
HC: Rejects CA’s writ seeking quashing of fine, given established ‘serious’ Professional Misconduct
HC: “LOC seriously affects fundamental right to travel”; Quashes LOC against OCI given culminated civil-proceedings
NCLAT: Insolvency can only be initiated in “clear cases”; Rejects CIRP -plea against Aditya Birla Fashion
NCLAT: Restrains Jindal Power from submitting bid, given exclusion from final prospective resolution-applicants list
HC: Arbitrator ‘master judge’ for contract interpretation; Rejects appeals challenging award
NFRA: Penalises CA for failure to ‘critically’ assess Co.’s “abnormal” state of affairs
SC: Refers “dissenting financial creditor’s entitlement to minimum security-interest” question to larger bench
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