Rulings
HC: Grants bail to ex vice-chairman of IL&FS on grounds of ‘fragile’ health conditions
NCLAT: Affirms NCLT’s Rs. 1 lakh cost on creditor for filing frivolous litigations
NCLT: Grants police-protection to liquidator, facilitates access to Corporate Debtor’s industrial unit, ends workmen’s ‘hooligan
HC: Declaration of account as ‘fraud’ without opportunity of being heard, “illegal”
IBBI: Suspends Liquidator’s registration for unnecessarily taking firm's assistance in performing duties
HC: NCLT empowered to direct ED to release Corporate Debtor’s attached properties, post Resolution-Plan approval
NCLAT: Affirms creditor’s exclusion from CoC, for being ‘related party’
SC: Calls for amendment to prescribe "specific" limitation period to apply for arbitrator appointment
HC: Rejects Review Application seeking invalidation of IBBI Regulation conferring 'unbridled' power on IPAs
HC: Entire arbitration clause doesn't become "void" merely because arbitrator appointment process invalid