Rulings
SC: No vicarious-liability on Directors in cheque-bounce proceedings, merely because they managed Co.’s affairs
NCLAT: Affirms NCLT-order granting 90-days extension to RP for filing fresh Form-G post 300 days
HC: Application for staying MSME-Council’s award remains “stillborn” without mandatory pre-deposit under MSMED Act
SC: Dismisses Go First’s challenge to HC-orders permitting lessors to inspect leased aircrafts despite moratorium
HC: Refuses to interfere with Single-Judge’s order permitting Go First’s lessors to inspect leased-aircrafts
NCLT: CIRP application unaffected by winding-up proceedings against same Corporate Debtor
NCLAT: Insolvency plea against guarantor should be filed before NCLT-bench adjudicating Corporate Debtor’s CIRP proceedings
HC: Substitution of Arbitrator by Court doesn’t reset clock to fresh arbitration commencement date
HC: Refuses to grant “unconditional stay” on arbitral award operation, absent inducement of fraud
HC: Secured Creditor can proceed against Guarantor under SARFAESI-Act, despite IBC moratorium on defaulter
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