Rulings
HC: Specific performance of agreement to create lease in future can be sought before Arbitrator
NCLAT: Upholds NCLT order rejecting suspended board-member’s plea challenging Corporate Debtor’s liquidation
SC: All Courts/Tribunals to mandatorily deposit amounts deposited with its Registry in bank
NCLAT: Upholds NCLT-order directing RP’s removal, given 1-year delay in conducting CIRP proceedings
NCLT: CoC cannot extinguish secured creditor’s right under “commercial wisdom” garb
NCLT: PF dues not Corporate Debtor’s assets; Directs RP to remit sum to EPFO
NCLT: Loan acknowledgement in balance-sheet doesn’t tantamount to default, rejects insolvency initiation
IBBI: Imposes Rs. 1 lakh penalty on IP for submitting evasive replies to Inspecting Authority
NCLT: Dismisses IFIN’s plea seeking CIRP-initiation against facilitator re-lending loans to IL&FS group-entities
NCLAT: Mere pendency of cheque-dishonor proceedings won’t preclude Creditor from seeking remedy under IBC
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