Rulings
NCLT: Supersedes Atlas Cycles’ Board, appoints 6 new directors in oppression-dispute; Refuses demerger plea
HC: NCLT ‘appropriate forum’ to decide issues pertaining to possession of pledged shares
HC: Relief of principal nature cannot be granted at interim stage of arbitral proceedings
NCLAT: ‘Decree’ against financial claim, established proof of ‘debt’, ‘default’; Affirms NCLT-order initiating CIRP
NCLAT: Affirms NCLT’s refusal to extend timeline for payment of balance consideration by successful-bidder
IBBI: Penalizes IP for conducting CIRP, liquidation proceedings in “casual and careless” manner
HC: Upholds ICAI’s ‘suo-moto’ disciplinary powers with riders on ‘news report’ forming basis
HC: NCLT has no jurisdiction to deal with legality, validity of Regulations framed under IBC
HC: Commercial Court shouldn’t interfere with Arbitrator’s ‘plausible view’, fact finding regarding liquidated-damages
NCLAT: ‘Demised premises’ that ceased to be Corporate-Debtor’s property before CIRP-initiation, not covered under moratorium
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