Rulings
NCLT: Dismisses insolvency petition basis default in payment of performance-linked commission, cites ‘pre-existing disputes’
SC: Citing “sacrifice for greater good”, rejects petitions for excluding workmen’s dues from waterfall mechanism
HC: Rejects ‘trenchant attack’ on foreign arbitral award’s enforcement on ground of Arbitrator’s bias
NCLAT: Quashes NCLT’s insolvency order, given ‘serious’ arbitral-dispute between Creditor, Corporate Debtor
SC: Quashes NCLT, NCLAT orders rejecting insolvency-plea citing limitation, given non-consideration of recent invoices
NCLT: CIRP petition cannot be admitted for claims within 3-years by excluding ‘remaining part’
IBBI: Suspends IP’s registration for breaching moratorium during his tenure as IRP
NCLT: Rejects Liquidator’s applications alleging fraudulent transactions against Suspended Director, absent ‘clinching’ evidence
NFRA: Imposes 10-year ban on CA for failure to report fraudulent borrowings, fund diversion in Coffee Day subsidiary
NFRA: Slaps Rs. 1 cr. penalty, debars Coffee Day subsidiary's auditors for substantial deficiencies in audit, duty abdication
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