Rulings
NCLAT: Operational Creditors' joint application not maintainable; Dismisses insolvency application against Uttam Galva Steels
SC: Refuses to extend Aamby Valley auction; Admonishes “recalcitrant proclivity” of Sahara Chief
SC: Restores insolvency proceedings against Jaypee Infra, espouses cause of home buyers
HC: VAT on amalgamating entities' interim sale / purchase transactions till appointed date, constitutionally valid
NCLT: Dismisses petition, appointment of additional directors and non-repayment of loan not oppressive
NCLAT: Quashes NCLT’s ex-parte order declaring moratorium & Bank A/c seizure, remits matter
NCLAT: Terms NCLT’s Moratorium Order as ‘illegal’ for violating principles of Natural Justice
SC: Prior professional opinion / arbitral award no bar to arbitrator’s subsequent appointment
NCLT: Admits Financial Creditor’s application against Guarantor for borrower’s repayment default
SC: Cheque dishonour is ‘person specific’ offence, Interprets Negotiable Instruments Act vis-à-vis Cr.PC
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