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NCLT may dispenses calling of a meeting of Creditors or class of Creditors

Case Name : Sabari Rubber Private Limited Vs Parampuzha Treads Private Limited (NCLT Kochi)
Appeal Number : CA(CAA)/1(KOB)/2022
Date of Judgement/Order : 05/05/2022
Related Assessment Year :
Courts : NCLT (54)

SC explains applicability of Duomatic Principle in Company Law In India

Case Name : Mahima Datla Vs Dr. Renuka Datla (Supreme Court of India)
Appeal Number : Civil Appeal No. 2776 of 2022
Date of Judgement/Order : 06/04/2022
Related Assessment Year :
Courts : Supreme Court of India (1762)

RD approves Removal of Statutory Auditor of Company

Case Name : HGR Logistics Private Limited Vs Kishor Goyal & Co. (Regional Director, North-Western Region, Ahmedabad)
Appeal Number : Application No. RD (NWR)/Sec.140/113/2020/337
Date of Judgement/Order : 25/04/2022
Related Assessment Year :

Interest Free Security Deposit towards advance license fee is Operational Debt

Case Name : Vibrus Homes Pvt. Ltd. Vs Ashimara Housing Pvt. Ltd. (NCLAT Delhi)
Appeal Number : Company Appeal (AT) (Insolvency) No. 80 of 2022
Date of Judgement/Order : 22/04/2022
Related Assessment Year :
Courts : NCLAT (112)

CIRP Cannot be Initiated over undecided Claims or Unregistered Agreements

Case Name : Smarkworks Coworking Spaces Pvt. Ltd Vs Turbot HQ India Pvt. Ltd. (NCLT Cuttack)
Appeal Number : CP (IB) No.181/CB/2020)
Date of Judgement/Order : 08/04/2022
Related Assessment Year :
Courts : NCLT (54)

Section 188- Related Parties- Bar of Voting Operates Only At the Time of Entering Into Contract Or Arrangement

Case Name : SEBI Vs R.T. Agro Private Limited (Supreme Court)
Appeal Number : Civil Appeal No. 2957 of 2022
Date of Judgement/Order : 25/04/2022
Related Assessment Year :
Courts : Supreme Court of India (1762)

Non-payment by corporate debtor, for supply of goods by operational creditor, is operational debt

Case Name : Mukul Agarwal Vs Royale Resinex Pvt. Ltd. (NCLAT Delhi)
Appeal Number : Company Appeal (AT) (Insolvency) No. 777 of 2020
Date of Judgement/Order : 30/03/2022
Related Assessment Year :
Courts : NCLAT (112)

Shareholders can remove the Directors of Company: NCLT

Case Name : Thaniyulla Parambath Jahafar Vs. Relax Zone Tourism Private Limited (NCLT Kochi)
Appeal Number : CP/24/KOB/2021
Date of Judgement/Order : 17/01/2022
Related Assessment Year :
Courts : NCLT (54)

Sessions or Additional Sessions Judge cannot try offences under IBC

Case Name : Satyanarayan Bankatlal Malu Vs IBBI (Bombay High Court)
Appeal Number : Writ Petition No. 2592 of 2021
Date of Judgement/Order : 14/02/2022
Related Assessment Year :
Courts : All High Courts (8321) Bombay High Court (1347)

Deactivation of DIN of the Directors is not automatic: HC

Case Name : Satya Narayan Banik Vs Union of India (Calcutta High Court)
Appeal Number : W.P.A. No. 8450 of 2021
Date of Judgement/Order : 11/02/2022
Related Assessment Year :
Courts : All High Courts (8321) Calcutta High Court (321)