Rulings
NCLAT: Allows Reliance Capital lenders’ plea seeking second round of auction
NCLT: Investment made by JV investor cannot be covered under “operational debt” ambit
SC: Allows transfer of cheque-bounce cases from one state to another
NCLAT: Disputes pertaining to contractual issues cannot be resolved in Sec. 9 proceedings
IBBI: Condemns IP for carelessness in filing avoidance application; Issues warning
HC: Dismisses writ challenging constitutional validity of ‘fraudulent trading’ provision under IBC
HC: Cannot grant injunction in arbitral dispute sans “compelling reasons”; Dismisses petition
HC: Approval of resolution plan doesn’t ipso facto absolve surety/guarantor of their liability
NCLAT: Affirms NCLT order rejecting Corporate Debtor’s ex-Director’s insolvency application seeking salary dues
NCLAT: Sets aside NCLT order rejecting RP’s plea seeking avoidance of suspended-directors’ fraudulent transactions
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