The period of 180 days prescribed under Regulation 21A(2)(b) of IBBI (Liquidation Process) 2016 to is mandatory and cannot be extended – The Federal Bank Ltd. Vs. Ruben George Joseph, Liquidator, M/s. Platino Classic Motors (India) Pvt. Ltd. – NCLT Kochi Bench

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Section 17 of the Code can be interpreted as suspension of powers of the board of directors and not their duties & responsibilities, the Board is fastened with the responsibility of running & managing the company’s affairs – Wittur Elevator Components India Pvt. Ltd. Vs. Axiomata Elevators Pvt. Ltd. – NCLT Kochi Bench

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Whether deposit of court fee on the valuation of the plaint is a precondition to maintain an application under Section 12A of the Commercial Courts Act, 2015 read with Rule 3 of The Commercial Courts (Pre-Institution Mediation and Settlement) Rules, 2018? – M/s Awasthi Motors Vs. Managing Director M/s Energy Electricals Vehicle and Another – Allahabad High Court

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