Rulings
HC: NCLT doesn’t examine amalgamation scheme like “tooth-comb”, approval not waiver of tax compliances
SC: Rejects impleadment of non-signatory foreign group co. in arbitration proceedings absent ‘clear intention’
SC: Unstamped agreement renders arbitration clause non-existent; Quashes HC order appointing arbitrator
NCLAT: Slams Essar Steel’s CoC for discriminating amongst Creditors; Approves ArcelorMittal’s bid with alterations
NCLT: Rejects insolvency petition; Cites “unhealthy relationship” between Creditor and Debtor, credibility of evidence
NCLAT: Considers ‘Profit before tax’ to evaluate Company’s liability for CSR Committee formation
NCLT: Directs CA firm to seek remedy under MSMED Act; Dismisses IBC petition
NCLAT: No conflict between IBC and Tea Act; Quashes NCLT order rejecting insolvency petition
NCLAT: Denies ‘financial creditor’ status; Pledged shares transferred to lender, entails dues settlement
NCLAT: Prohibits Customs Authority from auctioning confined goods during moratorium under IBC
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