Rulings
SC: Directs Supertech’s IRP to deposit Rs. 75 lakh for refund to homebuyers
SC: Issues notice in appeal challenging NCLAT-observation regarding IT Dept.’s Rs. 33K cr. claim against Jaypee Infratech
NCLAT: Rejects Corporate Debtor’s suspended Director's "belated" challenge to duly approved resolution plan
HC: IBC moratorium no bar for finalization of tax assessment and adjudication proceedings
HC: Quashes Single-Judge order “re-interpreting” arbitrator’s “well-reasoned” findings; Reiterates ‘grounds of challenge’ scope
HC: Grants bail to CEO under SFIO investigation, considering his age, co-accused’s release
HC: Madras HC upholds TN Online Gambling Act, but strikes down ban on online rummy, poker
HC: Rejects Air India’s plea challenging arbitral awards, given Tribunal’s ‘extensive consideration’ of submissions
NCLT: Restores struck-off Company’s name on payment of Rs. 4 lakh cost
HC: Contempt proceedings not "loan recovery source", directs Financial Institution to invoke SARFAESI