Rulings
NCLAT: ‘Demised premises’ that ceased to be Corporate-Debtor’s property before CIRP-initiation, not covered under moratorium
NCLAT: Corporate Debtor’s workmen/employees with no ‘subsisting claim’, cannot be included in Stakeholders List
NCLT: Rejects Operational Creditor’s insolvency application basis non-delivery of ‘mandatory’ demand notice
NCLT: Admits sole proprietorship firm’s insolvency petition basis fulfilment of minimum threshold
HC: Rejects arbitration application against non-signatories of agreement
HC: Refuses to appoint arbitrator, remands matter to General-Manager for notifying parties’ claims
NCLT: Cannot appoint Local Commissioner to inspect Corporate-Debtor’s properties, given RP/ Monitoring Committee’s duty
NCLAT: Upholds NCLT order approving Sugar Industry’s resolution plan providing 100% payment to Farmers
NCLT: Directs exclusion of JV partner from CoC, given non-existence of ‘financial debt’
HC: Secured-Creditor’s right under SARFAESI, RDB prevails over ‘voidity’ declaration u/s 281 of Income-tax Act