Judiciary updates- Company Laws 13th Oct 2021

  1. NCLAT has power to grant case withdrawal under Rule 11 of NCLT Rules Anuj Tejpal Vs Rakesh Yadav (NCLAT Delhi) dated 07/07/2021
  2. Writ petition against an order of NCLT not maintainable before HC

Ideal Surgicals Vs National Company Law Tribunal (Kerala High Court) dated 02/07/2021

3. DIN of director cannot be deactivated merely for section 164(2) disqualification
Zacharta Maramkandathil Mohan Vs Union of India (Kerala High Court) dated 16/06/2021

4. For Cases admitted by NCLT all proceeding should be concluded by NCLT only

Shriraj Investment and Finance Ltd. & Ors. and Casper Consumer Electronics Pvt. Ltd. Vs Union of India & Anr. (Delhi High Court): W.P.(CRL) 1823/2020, & W.P.(CRL) 1414/2021 dated 14th Sept 2021

5. NCLAT set aside unsavoury observations/comments in NCLT order

Chalasani Udaya Sankar Vs Lexus Technologies Pvt. Ltd. (NCLAT Chennai) dated 13/07/2021

6. HC directs Official Liquidator to pay unsecured creditor with 4% interest Govt of India Vs Mewar Textiles And Ors (Rajasthan High Court, Jodhpur Bench) dated 20/07/2021

7. Statutory dues cannot be claimed if not exists in company’s approved RP for DHFL Piramal Capital (Housing Finance Ltd. Vs Administrator, Dewan Housing Finance Corporation Ltd. (NCLAT Delhi) dated 12/07/2021

8. Liquidation should be the last resort after proper evaluation & calibration  Lotus City Plot Buyers Welfare Association Vs Three C Homes Pvt. Ltd dated 08/07/2021

9. Application to enforce shareholders right under board resolution is to be made before NCLT Jaiveer Singh Virk Vs Sir Sobha Singh & Sons Pvt. Ltd. (Delhi High Court) dated 01/03/2021

10. RoC cannot deactivate Director Identification Number (DIN) : HC

 Baalu Renukadevi Vs Union of India (Madras High Court) dated 30/04/2021

Bipul Kumar

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