Rulings
SC: Vacates HC’s interim order; Orders Corporate Debtor’s winding-up as a “logical culmination”
HC: Allows transfer of winding-up petition to NCLT w.r.t. matter under IBC
SC: Sec.17 of Limitation Act contrary to ‘unbreakability’ principle enshrined u/s 34 of Arbitration Act
NCLT: Directs modification of resolution plan; Cites discrimination in payment amongst Operational Creditors
NCLT: Allows voluntary liquidation of Company; Cites compliance with stipulated IBC provisions
SC: Copy of SC Aadhaar verdict
NCLAT: Upholds CIRP initiation; Cites Appellant’s ulterior motive of evading arbitral award obligation
NCLAT: Holds Resolution Applicants eligible; Disqualification applicable to severe offences
SC: Quashes insolvency initiation aimed at bypassing enforcement of arbitral award
NCLAT: Dismisses appeal seeking restructuring of deposit repayment terms absent bonafides