Rulings
NCLT: Rejects insolvency petition against Reliance Defence, cites 'bonafide' dispute & Indian Navy contract
NCLAT: Declares IRP’s appointment ‘illegal’, directs Adjudicating Authority to be cautious in admitting Insolvency applications
NCLT: Dismisses Operational Creditor’s petition for lease payment default, cites non-disclosure of pre-existing charge
NCLT: Admits Petition u/s 10 of Bankruptcy Code, directs commencement of insolvency resolution process
NCLT: Admits petition under IBC for matter pending before BIFR, refers IBC’s Statement of Objects
NCLAT: ‘Foreign Institution’ not ‘Financial Institution’ under IBC & Cos. Act, 2013, Rejects Certificate u/s 9
NCLT: Blank share transfer requires validation by way of payment, dismisses rectification petition
NCLT: Approves resolution for conversion of Public Co. to Private Co. under Companies Act, 2013
NCLAT: Buyer of Property under Committed Return Plan is ‘Financial Creditor’ being ‘Investor’
HC: Winding up not be utilized as means of realizing companies debts, rejects petition
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