Rulings
SC: Closes contempt case against NCLAT-members, basis ‘unconditional apology’; Slaps Rs. 1 cr. penalty on Finolex Chairman
NCLAT: Admission of insolvency application cannot be ‘obfuscated’ by raising technical pleas
HC: Quashes Rs.257 Cr. tax-demand against Tata Steel, approves ‘Clean Slate’ on acquiring Bhushan Steel
HC: Arbitral Tribunal empowered to decide agreement fabrication allegations; Appoints Arbitrator
HC: Subsequent failure to repay invested-amount not ‘cheating’; Grants anticipatory-bail to Law student
IBBI: Cautions IP over negligence in treatment of Corporate Debtor’s doubtful assets
NCLT: Rejects insolvency plea given pre-existing dispute over bribes to corporate-debtor’s employees for causing loss
SC: Upholds HC order setting aside arbitral-award absent credible evidence to substantiate profitability loss
HC: SC ruling on written grounds of arrest applies retrospectively; Releases M3M director in PMLA-case
HC: ‘Family Arrangement’ not repugnant to Companies Act; Grants injunction against director’s removal
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