Rulings
NCLT: Initiates CIRP over established default by Corporate Debtor in repayment of debt
HC: Dismisses Sec.34 application challenging arbitral award; Cites foreign juridical seat
HC: Stays liquidation under Companies Act; Allows RP to continue with CIRP
NCLAT: Approves Ultratech’s bid for Binani, highlights CoC’s lapse in endorsing Rajputana’s “discriminatory” plan
HC: Restraint on inter-se share transfer to be explicit; Denies relief against cross shareholding
NCLT: Rejects CIRP initiation; Cites invocation of pledged shares before filing petition
NCLAT: Refutes ineligibility u/s 29A; Directs NCLT to reconsider H1 bidder’s resolution plan
NCLT: Initiates contempt proceedings against Directors for plots’ sale in defiance of Tribunal’s mandate
NCLAT: Upholds NCLT order; Dismisses funds insufficiency plea for payment of Independent Auditor’s remuneration
NCLAT: Quashes NCLT order upholding strike-off u/s 248, directs reconsideration
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