Rulings
NCLT: Assignment of Operational Debt sans Debtor’s consent valid; Admits insolvency petition
NCLAT: Carves out “useless formality” as an exception to principle of natural justice
NCLT: Dismisses operational creditor’s petition for claims being over the right to payment
NCLT: Dismisses oppression / mismanagement petition as Company’s conduct justified
NCLT: Extends time for repayment of deposits in view of Company’s financial position
HC: upholds Single Judge order, appointing provisional liquidator
HC: Settlement agreement enforceable as an arbitral award without further adjudicatory process
HC: cannot act as a ‘rubber-stamp’ while approving scheme of arrangement
HC: Company not entitled to deny its liability on the ground of employees’ misconduct
NCLT: Admits petition under Insolvency code despite suspension of debts under the MRU Act
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