Rulings
HC: NCLT cannot oust Civil-Court’s jurisdiction where disputed question of facts are complicated
NCLT: EPF dues a statutory-liability of Corporate Debtor, to be prioritised over all creditors
NCLAT: Reiterates, IBC forum not a substitute for money recovery proceedings; Affirms CIRP-petition dismissal
NCLAT: Copy of CoC-approved resolution plan cannot be provided to non-claimant, pending NCLT approval
NCLT: Rejects Corporate Debtor’s claim seeking to set-off ‘unconnected’ debts; Initiates insolvency process
HC: Mere possibility of parties agreeing to arbitration in future, doesn’t constitute ‘binding’ arbitration-agreement
NCLAT: Amount disbursed to Corporate Debtor’s Director in personal capacity, not ‘financial debt’
NCLAT: Indemnity given to bank by Corporate Guarantor cannot change ‘date of default’
HC: Allows Successful Resolution-Applicant to challenge PMLA Court’s order attaching Corporate Debtor’s property
SC: Permits Financial-Creditor to file restoration-application, given simultaneous CIRP applications on hold
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