Rulings
HC: Upholds Arbitral Award directing Rs. 270 cr. refund to SpiceJet’s ex-promoters, absent “patent illegality”
HC: Orders status quo on use of SMBC Aviation’s aircrafts leased to Go First
SC: Affirms NCLAT ruling holding that it has inherent jurisdiction to “recall” its judgement
HC: Wilful defaulter identification under RBI Master-Circular uninfluenced by IBC Sec. 66 proceedings
NCLT: Dismisses CIRP application by operational creditor, says forum not for deciding contractual dispute between parties
NCLAT: Corporate Debtor can’t benefit from criminal-proceedings filed after receiving Demand-Notice; Dismisses appeal
HC: Grants bail to Co.’s director in SFIO-case, considering time to be taken for trial
NCLAT: Rejects insolvency-plea seeking to alleviate Creditor’s “financial misadventure” over “labyrinthine” transactions with Co
NCLT: Admits Insolvent Operational-Creditor’s CIRP plea filed via Monitoring-Committee Chairman, given outstanding debt, default
HC: “Counter balancing” not achieved when Arbitral Tribunal’s 2/3rd members appointed by one-party
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