Rulings
NCLT: Security Deposit collected for maintenance of real-estate project, not “Financial Debt”
NCLAT: Issues of fraud, manipulation, coercion cannot be decided in summary jurisdiction, quashes NCLT-order
HC: “Award” akin to “decree”, indicates “finitum”; Upholds MSME Council’s award
NCLT: Interest accrued subsequent to filing of insolvency-petition can’t be made ‘basis’ for claim
NCLAT: Upholds NCLT order confining insolvency resolution to Corporate Debtor’s single project
HC: Rejects “publicity” interest litigation challenging RBI Notification on Rs. 2000 notes exchange
HC: Defective board resolution in Arbitration proceedings, a ‘procedural irregularity’, ‘curable’; Restores Award
NCLAT: Sec. 74 of Contract Act inapplicable to auction conducted under Liquidation Process Regulations
HC: Successful bidder cannot bear ‘brunt’ of original-borrower’s fraud; Directs refund of sale consideration
NCLAT: Unsigned document sent electronically cannot constitute valid debt-acknowledgement for extending limitation
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