Rulings
SC: Courts cannot modify arbitral award in proceedings under Sec. 34, 37 of Arbitration Act
HC: Quashes order summoning ex-CMD for alleged wrongful-withholding of co.’s property, given pending civil-suit
NCLAT: Quashes NCLT order rejecting Financial Creditor’s plea seeking RP appointment, upholds CoC’s commercial wisdom
SC: Reiterates, CIRP can be initiated against guarantor without first suing principal borrower
NCLAT: Dismisses dissenting homebuyers’ challenge to majority-approved resolution plan, absent material irregularity
SC: Resolution plan ignoring statutory dues, liable to be rejected; Quashes NCLAT, NCLT orders
SC: Upholds Arbitrator’s discretion to award ‘post-award’ interest on part of ‘principal sum’
NCLAT: Resolution Professional not entitled to opportunity of hearing before being replaced
NCLAT: Quashes NCLT order directing MSME’s liquidation, absent consideration of Resolution Plan
HC: Quashes Magistrate’s order indirectly granting SARFAESI relief to “defaulting borrowers”