Rulings
NCLT: Sanctions Company’s conversion from ‘public’ to ‘private’; Cites fulfillment of statutory compliances
NCLT: Admits oppression-mismanagement plea; Directs appointment of independent Chairman
HC: Reckon period u/s 164(2)(a) from April 1, 2014; Disqualification for prior default arbitrary
NCLT: Initiates insolvency against Jet; Directs IRP to expedite process considering national importance
NCLAT: Annuls liquidation of Corporate Debtor; Saves 700 employees from retrenchment
NCLAT: Approves modified resolution plan treating financial and operational creditors at par
NCLAT: NCLT order asking Govt. to consider Income Tax waiver ‘without jurisdiction’
NCLAT: Affirms RP’s control over Debtor owned property notwithstanding Creditor’s possession under SARFAESI
HC: Grants limited protection to stakeholders in CIRP from possible adversity in withdrawal proceedings
HC: RoC’s list of disqualified directors cannot affect resolution applicant’s eligibility under IBC
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