Rulings
NCLT: “Bonus”, subject to company’s discretion, not within Operational Debt purview
NCLAT: Upholds RP’s ‘scaled down’ fees, cites ‘no substantial work’, lapses in conduct
SC: Quashes HC order “reinterpreting contractual clauses” while setting aside arbitral award
NCLAT: Upholds NCLT order allowing Custom Authorities to invoke bank guarantee during moratorium
HC: Cheque-holder’s failure to record loan-transaction in ITR, no ground to dismiss Sec. 138 complaint
SC: Rights of secured creditors remain unaffected by Customs dues
HC: Arbitration Clause cannot be “incorporated by reference”, when parties’ intention ambiguous
NCLAT: Slams Corporate Debtor’s ex-Director for raising “opportunistic pleas” to stymie CIRP; Upholds insolvency-order
NCLAT: Central Excise not ‘secured creditor’, can have first-charge only after IBC dues’ recovery
HC: Google Pay a third-party app-provider, no RBI-authorisation required; Dismisses PIL seeking cessation of its operations
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