Rulings
NCLT: Approves base resolution plan in pre-packaged insolvency resolution process for construction co.
HC: Proceedings initiated under old Arbitration Act, can continue under new Act
NCLT: Allows HUDCO’s plea seeking inclusion in CoC, rejects ‘related party’ tag
SC: Precedents cannot decide ‘questions of fact’; Overturns National Consumer Commission’s order
SC: Liquidator cannot cancel Corporate-Debtor’s auction sale basis mere expectation of higher bids
NCLT: Directs Corporate Debtor’s suspended director to remit amount siphoned via preferential transactions
NCLT: Directs Corporate Debtor’s founder to remit reimbursed film signing amount to RP
HC: Ad interimly stays NCLT order initiating insolvency process against Rasna
NCLT: Initiates insolvency process against Rasna for default above Rs. 1 lakh
NCLAT: NCLT has jurisdiction to recall order “if obtained by playing fraud upon it”
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