Rulings
NCLT: “Financial Lease” under Ind AS within “financial debt” ambit, admits insolvency plea
NCLT: No bar on Liquidator selling Corporate-Debtor as ‘going concern’ post first auction
NCLT: Dismisses operational creditor’s insolvency petition considering ongoing mediation between parties
IBBI: Onus of producing ‘credible’ evidence rests on complainant levying bribery charges on IP
SC: Arbitral Tribunal’s order rejecting jurisdiction-plea can be challenged u/s 34 of Arbitration Act
HC: Purpose of SARFAESI Act not to alter mortgage laws; Upholds borrowers’ right to redeem mortgaged-property
SC: No discretion with NCLT to refuse insolvency-application once satisfied with existence of “default”
NCLT: IT authorities can 'raise' demand, not 'enforce' recovery during moratorium; Directs TDS refund
NCLT: Dismisses “Prospective” Resolution Applicant’s plea challenging CoC-approved resolution-plan, absent locus; Imposes costs
SC: HC ought not to entertain writ in SARFAESI-matter when alternative statutory-remedy of "appeal" available
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