Rulings
NCLT: Non-obstante clause in S. 238 of IBC inapplicable to winding-up proceedings against Corporate Debtor
HC: Allows sale of Kingfisher Airlines assets by banks, subject to Liquidator’s supervision
HC: Allows petitioner benefit under CODS Scheme despite being struck off u/s. 248
NCLT: Admits workers’ joint insolvency petition though individual claim amount less than Rs.1 lakh
NCLT: Directs disposal of corporate debtor’s business as ‘going concern’ to save jobs
NCLT: Transfer of shares without consent null & void; Directs restoration of shareholder’s name
NCLT: Refuses to entertain petition to initiate CIRP post 180 days from IBC commencement
NCLT: Interprets ‘enforceable guarantee’ vis-à-vis ‘guarantor’ prescribed in Ordinance issued to amend IBC, 2016
NCLT: Appoints interim administrator, pending finalization of arbitral award
NCLAT: Upholds NCLT order rejecting ‘promoter-oriented’ Scheme, protects public interest
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