Rulings
NCLAT: ‘IBC not recovery legislation’; Upholds NCLT order rejecting CIRP initiation against Wipro
HC: Rejects bankrupt Director’s appeal against LOC issued by bank in “strategic interest”
NCLT: IBC doesn't 'negate' claim of related-party financial creditor, shouldn't get 'nil' resolution-amount
NCLT: Cannot adjudicate upon Corporate Debtor’s eligibility to have UDYAM MSME certificate
SC: HC can quash cheque dishonour complaint basis ‘unimpeachable’ evidence only; Directs revival
NCLAT: Upholds Rs. 10-lakh fine on Hewlett Packard for violating Sec. 185 provisions
HC: Cannot appoint Arbitrator u/s 11(6) in absence of mandatory notice invoking arbitration
NCLAT: Directs NCLT to consider resolution plan approval and avoidance applications simultaneously
HC: Emailing scanned arbitral-award copy, a ‘valid delivery’, physical collection doesn’t extend limitation period
NCLT: Brokerage charged by Depository-Participant, a ‘fee’, not operational debt; Rejects insolvency petition
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