Rulings
NCLT: Rejects insolvency application based on RBI’s Feb. 12 Circular, being ‘non est’
NCLT: No other criteria can hinder CIRP initiation once ‘existence of default’ established
NCLT: Can’t serve ‘confidential’ CoC meeting minutes to unsuccessful bidder, stall Uttam Galva’s CIRP
NCLT: Admits homebuyers' insolvency plea against Raheja Developers; Follows Pioneer Urban ruling
HC: Cannot favour creditor holding compromise decree, pending IBC process; Quashes contempt plea
SC: Deposit by Debtor to establish bona fides of settlement offer not ‘secured debt/asset’
SC: Arbitration clause specifying “venue” ousts jurisdiction of all other Courts
NCLAT: CIRP ‘independent proceeding’, cannot be stalled for pending criminal investigation
NCLAT: Financial fraud by Corporate Debtor’s promoters/directors no ground to reject CIRP initiation
NCLT: Rejects plea of auction purchaser of Corporate Debtor’s assets to set aside CIRP
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