Rulings
NCLAT: Transaction executed under threat of legal proceedings doesn’t lose its ‘preferential’ character
NCLAT: Disallows offering of higher bid after competition of e-auction; Upholds NCLT order
NCLT: Allows RP’s plea seeking approval of Resolution Plan involving SRA-Corporate Debtor merger
NCLAT: Compulsorily Convertible Debentures are “Equity Investments”, not within “Financial Debt” definition
HC: Issues notice in writ challenging constitutional validity of NFRA provisions
NCLAT: Successful Resolution Applicant can pursue avoidance applications after completion of CIRP
NCLAT: ‘Debt acknowledgment’ to be considered from date of OTS proposal submission, not acceptance
HC: Well-reasoned majority award passed by Arbitral Tribunal makes relevancy of minority award ‘inconsequential’
NCLAT: Allows MSME Corporate Debtor’s Promoter to submit arrangement-scheme to liquidator
HC: Grants bail to Bhushan Power’s ex-CFO arrested by SFIO in public money fraud case