Rulings
NCLAT: Upholds CIRP initiation against Corporate Debtor, given no real pre-existing dispute
HC: Allows bank’s appeal challenging restraint on taking mortgaged property’s possession, given prior SARFAESI-proceedings
NCLAT: Resolution plan with extinguishment of personal guarantee permissible; Quashes NCLT order
SC: SC to decide on NFRA’s jurisdiction to inquire into audits conducted prior to its constitution
NFRA: NFRA indicts Quality Control partner for shoddy audit review, cites 'insufficient' experience
NCLAT: No relief for I-T Dept. on Jaypee Infra creditor claim, given ‘NIL’ liquidation value
NCLT: SICA proceedings-period liable to be excluded from limitation; Dismisses Personal-Guarantor’s plea challenging insolvency
HC: Dismisses petition resisting execution of foreign decree on grounds of it not being “conclusive”
IBBI: Suspends IP’s registration for conducting CIRP in ‘brazen’ manner, contempt towards Inspecting Authority
HC: Dismisses writ petition seeking quashing of sale notice issued under SARFAESI Act
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