Rulings
NCLT: Dismisses shareholder’s petition u/s 397/398 absent authorisation from other petitioners
NCLT: NCLT directs transfer of shares owing on rights acquired via subrogation
HC: Quashes enforcement proceedings under Money Laundering Act, absent conviction & quantification of proceeds
NCLT: Rightful owner of website cannot be restrained from using own website
NCLT: Allows oppression-mismanagement petition, debars arbitration Tribunal’s jurisdiction
NCLT: Upholds arbitration clause in SPA, director post resignation cannot demand reinstatement
NCLT: Appoints insolvency professional to arrest erosion of capital and assets
NCLT: imposes exemplary costs for frivolous petition; Cannot plead ‘oppression’ once articles aligned to investment agreement
NCLT: Buyers of flat not ‘financial creditor’ under the Insolvency Code absent debt transaction
IBBI: IBBI dismisses CS’s application for registration as “Insolvency Professional” cites pendency of criminal proceedings
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