Rulings
NCLAT: Endorses Operational Creditors' joint insolvency application; Directs admission of insolvency petition
NCLAT: Upholds rejection of resolution plan due to insufficient CoC majority
NCLT: Regards voting share threshold 'directory' as CoC exclusively comprised of real-estate buyers
NCLT: Returns insolvency application; Cites lack of territorial jurisdiction
NCLT: Directs Liquidator to produce asset details over which Banks relinquished security interests
SC: Circumventing Essar’s “corporate death”, allows ArcelorMittal, Numetal to rebid; Interprets Sec. 29A purposively
HC: Dismisses winding up petition used to recover ‘bonafidely’ disputed debt
NCLT: Directs IL&FS's 'suspended' Directors to file reply to grave mismanagement/misgovernance charges
NCLT: Denies conversion to Private Co., observes pendency of claims before Arbitral Tribunals
HC: Banks’ failure to disburse additional working capital no ground for interdicting IBC proceedings
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