Rulings
SC: Amended Sec. 148 of Negotiable Instruments Act applies retrospectively; Adopts purposive interpretation
SAT: Quashes BSE order branding Appellant as “Shell Company” without carrying out investigation
NCLT: Amendment requiring CCI approval before furnishing resolution plan prospective
NCLAT: Debt-assignment merely changes Creditors’ hands, Debtor’s liability remains unaffected; Upholds CIRP initiation
NCLAT: Upholds CIRP initiation; Cites proper service of notice to Corporate Debtor
NCLT: Directs appointment of Govt. nominated Directors on finding misappropriation of funds
NCLAT: Rejects mismanagement allegations; Upholds NCLT order directing rectification of members’ register
IBBI: Rejects application for IP’s registration; Cites applicant's lack of requisite experience
NCLAT: Considers voting share in CoC based on disbursement to Corporate Debtor
NCLT: Monies advanced for rendering services outside the purview of ‘financial debt’
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