Rulings
HC: Arbitrator cannot allow insufficiently stamped copy of MoU in evidence; Directs impounding
NCLAT: Vacation of directors’ office not justified given obstruction in attendance at meeting
NFRA: Imposes significant penalty on Coffee Day Entity’s Auditors for serious audit lapses
NFRA: Penalizes Auditors for failure to assess ‘going concern’ assumption
NFRA: Penalizes CAs for failure to assess going concern assumption, reflect professional competence
NFRA: Imposes penalty, debars Auditor for non-recognition of interest accrued
NCLT: Gives go-ahead to Agriculturist’s resolution plan approved by COC, ‘commercial wisdom’ paramount
HC: Non-creditor cannot claim dues on ‘priority basis’ from company undergoing liquidation
HC: Arbitration clause is “bedrock” of arbitral proceedings, NCLT proceedings no bar
HC: Refuses to quash FIR in case pertaining to financial-irregularity, given ED’s cognizance under PMLA