Challenge against arbitrator appointment, can’t be under Section 14 of the Arbitration and Conciliation Act, 1996 – Delhi High Court

Challenge against arbitrator appointment, can’t be under Section 14 of the Arbitration and Conciliation Act, 1996 – Delhi High Court

The Delhi High Court on April 03, 2022 in the matter of Sacheerome Advanced Technologies (SAT) versus NEC Technologies Pvt. Ltd. (NECI) ruled that Section 14 of the Arbitration and Conciliation Act, 1996 does not provide a separate remedy to the parties to challenge the appointment of an arbitrator, notwithstanding the provisions under Section 13 of the […]

Resolution plan cannot be rejected on a perceived grievance by a suspended director who failed to take appropriate steps – NCLT Kolkata observed

The NCLT, Kolkata Bench on March 25, 2022 in the case of Anand Kariwala v. Mr. Partha Pratim Ghosh, held that initiation of Corporate Insolvency Resolution Process (“CIRP”) against the Corporate Debtor does not bar the suspended Board of Directors (“BOD”) from objecting to the acts of the Resolution Professional (“RP”), if the same are prejudicial […]

Invoking Article 226 for seeking relief in a contractual matter where there is an existing arbitration clause is not an appropriate remedy and neither can the High Court examine the same- Observed Supreme Court

The Hon’ble Supreme Court on March 21, 2022, in the matter of Gujarat Housing Board & Anr. v. Vande Mataram Projects Private Limited while setting aside the High Court’s order and relegating the parties to the remedy under the Arbitration and Conciliation Act, 1996 opined that seeking relief under Article 226 of the Constitution of India in […]

No conflict between section 17B of the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952 and Insolvency & Bankruptcy Code, 2016 – NCLAT directs full payment of Provident Fund

The NCLAT Principal Bench on March 11, 2022, in the matter of Sikander Singh Jamuwal v. Vinay Talwar observed that there is no conflict between the section 17B of the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952 (“PF Act”) and Insolvency & Bankruptcy Code, 2016 (“IBC”) and directed the Resolution Applicant to pay the Provident Fund dues (“PF”) to the […]

Failure to reply to demand notice u/s 8(1) within 10 Days does not preclude the Corporate Debtor from raising the existence of a dispute in a Section 9 application under Insolvency & Bankruptcy Code, 2016 (“IBC”) – Observed NCLAT Delhi

The NCLAT Delhi Principal Bench on March 10, 2022, in the case of M/S Brand Realty Services Ltd. v. M/S Sir John Bakeries India Pvt. Ltd observed: “The mere fact that Reply to notice under Section 8 (1) having not been given within 10 days or no reply to demand notice having been filed by […]

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