Patna High Court Holds Venue Equals Seat in Absence of Contrary Intention

by admin | Apr 24, 2025 | Updates

Case: M/s Pramila Motors Pvt. Ltd. versus M/s Okinawa Autotech International Pvt. Ltd Facts of the Case The dispute arose out of a dealership agreement between the petitioner, M/s Pramila Motors Pvt. Ltd., and the respondent, M/s Okinawa Autotech International Pvt....

Singapore Supreme Court Sets Aside Award by Tribunal Chaired by Ex-CJI Dipak Misra Due to Copy-Pasting and Apparent Bias

by admin | Apr 24, 2025 | Updates

Facts of the Case The dispute arose from a large infrastructure project in India, involving a special-purpose vehicle (SPV) responsible for managing freight corridors and a consortium of three companies contracted for its execution. In 2017, the Indian government...

NCLAT Clarifies what will be Privity of Contract and Holds That Section 9 Application Is Not Admissible Without It Between Corporate Debtor and Operational Creditor

by admin | Apr 10, 2025 | Updates

Case: Rahee Jhajharia E to E JV v. MB Power (Madhya Pradesh Ltd.) The National Company Law Appellate Tribunal (NCLAT), New Delhi, has ruled that an application under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC), cannot be admitted when there is no...

Furnishing Record Of Default From Information Utility Not Mandatory For Operational Creditors Under Section 9: NCLT Mumbai

by admin | Apr 10, 2025 | Updates

Case Title: Ganesh Ramkisan Rajale v. Panchtatwa Milk Industries Private Limited Facts of the Case An application under Section 9 of the Insolvency and Bankruptcy Code, 2016 was filed by the operational creditor, Ganesh Ramkisan Rajale, against Panchtatwa Milk...

Breach Of Settlement Agreement Not A Bar To Initiating CIRP Under Section 7: Financial Debt Remains Intact, Holds NCLAT

by admin | Apr 10, 2025 | Updates

Case: Bahadur Ram Mallah (Ex-Director, Uniworth Textiles Limited) Versus Assets Reconstruction Company (India) Limited and Anr Facts of the Case ICICI Bank and IFCI Ltd. had sanctioned loan facilities to Uniworth Textiles Ltd. (“UTL”), a company part of the larger...

NCLT Mumbai: Advance Payment Received by Corporate Debtor for Future Goods Supply Qualifies as Operational Debt Under IBC.

by admin | Apr 10, 2025 | Updates

Case: Armaco Infralinks Pvt. Ltd. Versus B. S. Ispat Pvt. Ltd. Facts of the Case Armaco Infralinks Pvt. Ltd. (Operational Creditor) advanced ₹17,53,00,000 to B. S. Ispat Pvt. Ltd. (Corporate Debtor) between April 2021 and September 14, 2022, for the supply of coal....