Rulings
NCLT: Forfeiture of highest bidder’s EMD by Liquidator, contrary to law; Directs refund
NCLAT: Sets aside NCLT’s “illegal” order dismissing broker’s CIRP petition against real-estate developer
HC: Denies quashing of SFIO LOC against Shilpi Cable’s Director in fund-siphoning matter
NCLAT: Quashes NCLT-order directing Creditor to transfer property to Corporate Debtor, absent jurisdiction
NCLAT: Rejects appeal against NCLT-order dismissing insolvency-plea, cites ‘specific case’ of pre-existing dispute
HC: Slaps penalty on ROC for “palpable delay” in registering Company’s charge
NCLAT: No embargo on Operational Creditor to file insolvency plea despite arbitration-clause in agreement
NCLT: Directs Corporate Debtor’s liquidation, given sole Resolution Applicant’s failure to deposit EMD
IBBI: Suspends IP’s registration for not operating liquidation account, delay in appointing valuers
IBBI: Bars Registered Valuer for violations in Videocon group insolvency
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