Unfold Nuances of Section 9 of Arbitration Act: A Case Study of Vivek Jain v. PrepLadder Pvt. Ltd., Delhi High Court
It was interpreted by the Delhi High Court that the Court exercising its powers under Section 9 of the Arbitration and Conciliation Act, 1996(‘Arbitration Act’) to secure the amount in dispute or to order attachment
IBBI Proposes Measures to Smoothen IBC Process for Real Estate Projects
In what appears to be a huge relief for homebuyers, the Insolvency and Bankruptcy Board of India (IBBI) in its Discussion Paper titled ‘Real-Estate Related Proposals- CIRP & Liquidation’ has proposed five measures to smoothen
Supreme Court Upholds Constitutional Validity of Insolvency Resolution Provisions Pertaining to Personal Guarantors
The Supreme Court in Surendra B. Jiwrajika and Anr. vs. Omkara Assets Reconstruction Private Limited[i] upheld the constitutionality of the provisions under Part-III, Chapter-III of the Insolvency and Bankruptcy Code, 2016 (I&B Code) pertaining to
Sub – Registrar cannot execute or register a Cancellation Deed as the same amounts to Recission of Contract – Karnataka High Court
In an important recent decision[i], the Hon’ble Karnataka High Court (“HC”) has laid down the law in relation to execution of cancellation deeds, holding that a Sub – Registrar cannot execute any deed by which
Court Adjudicating Upon Arbitration Award u/s 34 Holds Power to Recalculate Compensation Granted Under NHAI Act: Allahabad High Court
Introduction The High Court of Allahabad (“the HC”) in the case of Chandra Kishori (“A1”) v. Union of India Thru. Chairman Of National Highway Authority of India and 2 Others; and Om Prakash (“A2”) v.
Debt Recovery Tribunal Cannot Entertain A Claim Below Rs.10 Lakhs Under Sarfaesi Act – Delhi High Court
There is a remarkable legal development wherein the High Court of Delhi (HC) in its ruling brought major implications on the jurisdiction of Debt Recovery Tribunals (DRT) under the Securitization and Reconstruction of Financial Assets
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