Rulings
NCLAT: Remits matter for NCLT Divisional Bench’s hearing; Quashes CIRP admission by single member
NCLAT: Directs NCLT to admit insolvency petition observing ample proof of debt disbursement
NCLT: Lambasts ‘speculative investor’ seeking to extract refund despite possession-ready property; Dismisses IBC petition
NCLAT: Promoter ineligible u/s 29A of IBC cannot prefer application for compromise and arrangement
NCLT: Condemns Resolution Professional for abusing powers entrusted, doing injustice to Creditor
HC: No separate application in court needed when Parties agree on Arbitrator’s appointment
NCLT: Directs restoration of Company voluntarily struck-off under FTE Scheme
HC: No delay condonation beyond period prescribed under PMLA; Cannot breach ‘statutory mandate’
NCLT: IBC overrides RERA; Initiates insolvency against real estate developer
NCLT: Initiates insolvency against builder, highlights failure to give possession despite extraordinary delay
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