Rulings
SC: Cannot admit additional evidence in application u/s 34 of Arbitration Act absent exceptional situations
NCLAT: Tax dues payment no pre-condition for merger scheme implementation; Cites pending ITAT proceedings
NCLT: Dismisses Operational Creditor’s insolvency petition for failure to ‘deliver’ demand notice
SC: Allows invitation of fresh bids for debt-ridden Amtek Auto; Stays liquidation
NCLAT: Directs NCLT to proceed with Amtek Auto’s liquidation; Cites completion of 270 days
SC: No fresh lease of life under IBC for erstwhile winding-up petitions barred by limitation
SC: Rent Act doesn’t extend to ‘tenant-in-sufferance’; Permits property possession under SARFAESI Act
HC: Quashes arbitral award passed after inordinate delay; Cites violation of ‘public policy’
NCLT: Condemns Corporate Debtor’s ex-Director for intruding domain, filing frivolous intervening application
NCLAT: Rejects appeal against CIRP initiation absent evidence of dispute regarding claim amount