Rulings
NCLAT: NCLT cannot impose conditions regarding Corporate Debtor’s right to receivables or over subsidiaries
SC: Reserves judgment on validity of revised-returns filed belatedly, pursuant to NCLT approved amalgamation
SC: HC cannot proceed with auction of Corporate Debtor’s property once moratorium declared
NCLAT: Sets aside resolution plan offering amount less than ‘liquidation value’ for Orchid Pharma
NCLT: Upholds RP’s rejection of claim against Corporate Debtor considering its uncrystallised, unliquidated nature
NCLT: Admits RBI’s insolvency plea against DHFL; Appoints Administrator as RP
SC: Lays down bail jurisprudence for ‘grave’ economic offences, orders Chidambaram’s release, deprecates ‘sealed’ cover evidence
SC: Ousts NCLT’s jurisdiction over ‘public law’ matters arising during CIRP; Upholds HC’s intervention
HC: Denies bail to individual involved in swindling money for Adarsh Group for hefty commission
NCLAT: Quashes NCLT order withholding exit price payment to shareholders citing valuation report’s infirmity
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