Rulings
NCLT: Rejects Deloitte & BSR’s ‘literal’ interpretation plea, holds Sec. 140(5) applies to past auditors
SC: Copy of SC order upholding homebuyers’ rights as ‘financial creditors’ under IBC
NCLT: Members differ over initiating CIRP against Govt. Co.; Constitution prevails over IBC: JM
SC: Raps Arbitrator for not recusing from proceedings; Quashes HC order restoring award
NCLAT: Extends Jaypee’s CIRP period by 90 days, considering “extra-ordinary” situation
NCLAT: Ousts NCLT’s jurisdiction over 'Producer' Co.’s oppression-mismanagement dispute, arbitration the only resort
HC: No stay on trial of counter claim in Corporate Debtor’s suit during moratorium
NCLAT: Quashes NCLT order wrongly rejecting CIRP initiation absent pre-existence of ‘disputed claim’
NCLAT: No bar on liquidator to decide claim pending arbitration before HC
NCLAT: NCLT has inherent powers to pass ad-interim orders before admitting CIRP petition
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