Rulings
NCLAT: Quashes NCLT-order refusing to dispense with Transferor co.’s sole unsecured creditor’s meeting
NCLT: Directs Liquidator to re-distribute liquidation proceeds treating I-T Dept. as ‘secured creditor’
NCLT: Authorization to file insolvency petition in form of shareholder’s resolution, ‘valid’
NCLT: Invalidates adjustment of tax-demand during moratorium; Directs Rs. 56 Cr. refund
SC: Interim-compensation can be ordered only after accused pleads “not guilty” in cheque-dishonour case
NCLT: Rejects Indiabulls Real Estate merger with NAM Estates, Embassy One, cites non-compliant valuation reports
HC: Quashes ROC, RD’s ‘hopelessly’ time-barred complaints against Co., Directors
NCLAT: Quashes NCLT-order directing RIL to obtain shareholder-approval for WOS’s demerger, cites Tribunal’s “discretion”
HC: Once NCLT approves resolution-plan, past credit, liability get extinguished; Follows Ghanashyam Mishra precedent
SC: “IBC provisions override Electricity Act”; Secured creditors’ dues stand at “higher footing”
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