Rulings
SC: Rainbow Papers case: Review can't be sought merely for ‘rehearing’ unless circumstances "compelling"
HC: Directs Go First’s RP to let lessors access leased aircraft’s documentation
NCLT: Allows simultaneous CIRP against Principal Borrower & Corporate Guarantor; Cites axiomatic law, different claims
SC: Quashes HC-order entertaining writ challenging another State’s Civil-Court order, given remedy under SARFAESI
SC: Can’t apply “Doctrine of Election” to prevent financial-creditors from approaching NCLT for CIRP-initiation
NCLAT: Resolution plan requiring creditors to take hair-cut, not illegal; Upholds NCLT order
HC: Rejects cessation of Directorship plea given non-acceptance of resignation by Board
NCLT: Dismisses flat-owners’ intervention in Corporate Debtor’s CIRP citing ‘pre-admission stage’
HC: Corporate Debtor’s purchaser in liquidation entitled to ‘clean slate’, not liable for Govt. dues
HC: Rejects writ petition challenging SARFAESI proceedings absent “extraordinary circumstances”; Cites alternative remedy
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