Anupam Mittal v. Westbridge Ventures II Investment Holdings, the Singapore Court of Appeal’s (SCA’s) decision, has received praise for its pro-arbitration stance. The ruling, albeit applauded, is based on the assumption that shareholder conflicts in India may not be subject to arbitration since they are...
The assets owned by a third party but in the hands of the Corporate Debtor held according to contractual arrangements are excluded from the definition of “assets” under Section 18 of the IBC, according to a Bench made up of Justices V. Ramasubramanian and Pankaj...
In ruling on an appeal filed in Greymatter Entertainment Pvt. Ltd. v. Pro Sportify Pvt. Ltd., the National Company Law Appellate Tribunal (“NCLAT”), Principal Bench, made up of Justice Ashok Bhushan (Chairperson) and Ms. Shreesha Merla (Technical Member), determined that the IBC did not bar...
According to a decision made by the Delhi High Court, the Arbitral Tribunal is authorised by Section 31(6) of the Arbitration and Conciliation Act, 1996 (A&C Act) to issue an interim award based on admissions made by a party before the Interim Resolution Professional (IRP)...
In two writ petitions, M/S Jai Singh and Co. and M/s Dimple Chaudhary v. National Highways Authority of India, the Delhi High Court declared that it is unacceptable to terminate a public contract, particularly one with a defined period, only for the prospect of collecting...
