Rulings
NCLT: Denies 294-days extension of CIRP period; Raps RP for failure to perform duties
NCLAT: Directs repayment of matured FD citing failure to prove deposit with IEPF
NCLAT: Advance paid for construction qualifies as ‘financial debt’ on project becoming unviable
NCLAT: Orders CIRP initiation against Principal Borrower; Cites default amount above Rs. 1 lakh
NCLT: Rejects debtor’s application questioning insolvency petition’s maintainability; Dismisses ‘coercive measure’ defense
NCLT: Directs RP to consider Promoters’ plan for resolution of MSME
NCLT: Orders Corporate Debtor’s liquidation in absence of resolution plan for approval
NCLAT: Cannot presume debt repayment merely on invocation of share pledge until OCDs’ conversion
NCLT: Allows Airtel to ‘set-off’ claim arising out of ‘contractual obligation’ during Aircel’s moratorium
NCLAT: Disputes pertaining to oppression-mismanagement ‘non-arbitrable’; Upholds NCLT’s exclusive jurisdiction
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