Rulings
NCLAT: Affirms NCLT-order on forfeited sale consideration, given deviation from extended timeline
HC: Debt due to Govt. stands extinguished if demand not included in resolution plan
HC: “Cannot wear lens to find errors in award”; Rejects petition challenging international commercial arbitration-award
HC: Exhorts Parliament to examine IBC’s working efficiency, questions recovery percentage from successful resolution
NCLAT: Directs IT Dept. to refund corporate debtor's tax sum adjusted during moratorium
HC: Backdating arbitral award ‘inherently problematic’, can mislead parties regarding timeline for challenge
IBBI: Slaps Rs. 50,000 penalty on Liquidator for fixing reserve price below average
NCLT: Admits ICICI Bank's insolvency plea against Jaiprakash Associates Ltd.
NCLAT: Upholds NCLT-order rejecting Superintendent of Stamps’ belated claim, given Resolution Plan approval
HC: Harps upon Liquidator's duties in liquidation-process, elucidates on importance of ethical-conduct standards
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