Rulings
IBBI: Slaps Rs. 50,000 penalty on IP for not representing Corporate Debtor ‘effectively’
NCLT: Rejects JM Financial Asset Reconstruction's plea to intervene in Arch Pharmalabs’ CIRP
HC: Cannot interfere with arbitral award merely because ‘another view’ can be taken
HC: “Arbitration Act Part-I inapplicable to foreign awards”; Rejects execution of award for interest
NCLAT: Arrangement scheme petition, insolvency, independent proceedings; Rejects homebuyer's intervention application
NFRA: Imposes Rs. 2.5 cr. penalty on Reliance Commercial Finance’s auditors over professional misconduct, auditing lapses
NCLT: Rejects name-restoration plea, not being filed by co.'s creditors; Cites inappropriately raised "personal-loan"
HC: Allows SpiceJet's appeals challenging arbitral award directing refund to KAL Airways
HC: SRA's liabilities confined to Resolution Plan, dismisses award-holder's plea for considering ‘claim'
NCLT: Resolution Applicant has no vested right that its plan be considered, can't 'challenge' non-consideration
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