Rulings
IBBI: IBBI: Rejects IP registration application, pending criminal proceedings, directs Agency to exercise diligence
IBBI: IBBI: Pending criminal proceedings make Professional unfit for registration as Insolvency Professional
NCLT: Admits oppression-mismanagement petition, Appoints Independent Director on account of management deadlock
SC: Allows amicable settlement after admission of Insolvency petition, directs competent authority to amend Regulations
NCLAT: ‘Lawyer’s Notice’ distinct from Operational Creditor’s Notice under IBC, Quashes moratorium order
NCLAT: Obtaining 2 DINs is a serious matter, rejects ‘Computerization’ defense, upholds penalty order
NCLT: Mere increase in Share Capital & appointment of Director doesn’t amount to oppression
NCLT: Directs Resolution Professional to appoint new CFO for finalizing financial statements of Co.
HC: Directs representation before NCLT, President for Technical Member’s non-appointment at Ahmedabad Bench
NCLT: Subsidiary Co. not an ‘Operational Creditor’ without assignment of debt by Holding Co.
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