Rulings
SC: Raises bar for Company Director’s prosecution, quashes charges absent “criminal intent”/ “active role”
NCLT: Disallows Promoter to bid sans evidence proving Corporate Debtor to be MSME
NCLAT: Rejects Revenue’s plea seeking restoration of struck-off co. absent evidence corroborating assets
NCLAT: Holds NCLT’s denial to dispense with shareholders, creditors meetings in amalgamation, ‘per incuriam’
NCLAT: Confirms NCLT's dismissal of oppression and mismanagement petition barred by limitation
NCLT: Directs CIRP consolidation for 13 interdependent Videocon Group Companies to maximize assets value
SC: Invokes ‘Doctrine of Group Companies’ to implead non-signatory subsidiary co. to arbitration proceedings
NCLAT: Rejects resolution plan aimed at Corporate Debtor’s closure; Cites violation of IBC’s object
NCLAT: Bidders not connected to Director while ‘submitting’ resolution plan, rejects ineligibility plea
HC: Upholds constitutional validity of SARFAESI’s rule on sale of immovable secured assets
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