Admissibility of electronic evidence bars undervaluation demands where printouts, retracted statements and no cross-examination leave the case unprove...
Limitation in oppression and mismanagement proceedings: prior knowledge of removal and dilution barred the challenge, with valuation directions upheld...
Insolvency professional agency governance rules amended to add nominee directors, tighten independent director eligibility, and regulate managing dire...
HC analyzed the extinguishment of electricity consumption claims not included in the Corporate Insolvency Resolution Plan (CIRP). The court held that debts not submitted or incorporated in the resolution plan before the effective date stand extinguished. The resolution plan's sanctity is paramount, and subsequent claims cannot be entertained. The court affirmed the first respondent's locus standi to challenge demand notices against group companies. The CIRP resolution plan remains valid and binding unless set aside by a competent authority. The appeal was partly allowed, emphasizing the strict interpretation of the Insolvency and Bankruptcy Code's provisions regarding debt resolution and claim settlement.
HC analyzed the extinguishment of electricity consumption claims not included in the Corporate Insolvency Resolution Plan (CIRP). The court held that debts not submitted or incorporated in the resolution plan before the effective date stand extinguished. The resolution plan's sanctity is paramount, and subsequent claims cannot be entertained. The court affirmed the first respondent's locus standi to challenge demand notices against group companies. The CIRP resolution plan remains valid and binding unless set aside by a competent authority. The appeal was partly allowed, emphasizing the strict interpretation of the Insolvency and Bankruptcy Code's provisions regarding debt resolution and claim settlement.
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