Rulings
HC: Dismisses writ challenging classification as NPA, states alternative remedies available
HC: Allows amalgamation, holds not prejudicial to interests of shareholders/ creditors
NCLT: Admits PNB’s insolvency petition against Bhushan Steel over Rs. 4,383 Cr debt claim
SC: Quashes NCLAT order exercising Art. 142 powers; Promotes mutual settlement despite statutory hurdles
NCLT: In absence of empowering provision, Application u/s.9 of the Code cannot be treated as u/s.7
NCLAT: Insolvency application u/s.7 of the Code cannot be withdrawn after admission
NCLT: Rejects insolvency application under Code where claim ‘disputed’ and there is counter-claim
NCLT: Legal heir holding requisite shares entitled to file oppression-mismanagement petition
NCLT: Removal of Director acting against company’s interest held not oppressive
HC: Dismisses Essar Steel's writ against insolvency proceedings but draws Lakshmanrekha for RBI
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