Rulings
NCLT: Default in shortfall undertaking, a “financial debt”, admits debenture trustee’s insolvency plea
HC: SARFAESI Act overrides MVAT Act; Banks have ‘priority’ over mortgaged assets
SC: Banks to hear borrowers before classifying their accounts as ‘fraud’, pass reasoned order
NCLAT: Corporate Debtor cannot claim leasehold rights when lease-deed not executed within required timeline
NCLAT: Nominee directors disentitled from being CoC members, basis “non-service” of resignation letter
NCLAT: Initiating CIRP to penalize solvent cos. for non-payment of disputed dues, not IBC objective
HC: Arbitral Award passed in violation of Contract Act provisions liable to be set-aside
NCLAT: Rejects appeal challenging NCLT order remitting resolution plan to CoC for reconsideration
NCLAT: Application alleging fraudulent CIRP-initiation maintainable once insolvency petition filed, irrespective of admission
NCLT: Dismisses trustee’s plea seeking to initiate insolvency process, basis absence of trust deed
Pages
