Rulings
HC: Grants bail to director of accused-company, absent ‘reasons’ for arrest by SFIO
NCLAT: Sanctioned Rehabilitation Scheme, not ‘Resolution Plan’ under IBC; Affirms NCLT order
NCLT: ED cannot attach Corporate Debtor’s properties under PMLA once liquidation order is passed
SC: Allows RP to conduct CIRP pending appeal against PMLA-attachment order passed after CIRP-initiation
NCLT: Admits insolvency application filed by deceased Financial-Creditor’s legal representative, given “right to sue”
NCLAT: Dismisses CoCs’ plea seeking permission to re-approve ‘rejected’ resolution plan
NCLT: Operational-Creditor cannot initiate CIRP for debt emanating from MoU in nature of contract
HC: Dismisses plea seeking to quash summons in cheque-bounce proceedings at pre-trial stage
HC: Relegates co. to avail SARFAESI-Act remedy before DRAT, given Chairperson resumed charge
NCLT: Directs RP to consider Income-Tax Dept.’s claims at par with secured creditor’s debt
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