Search Results for "operational debt"

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Search Results for "operational debt"

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Supreme Court

Supreme Court Upholds Arbitral Award in Commercial Contract Dispute — Joint and Several Liability of Holding Company and Subsidiary Upheld. Division Bench's restoration of award under Section 37 of Arbitration and Conciliation Act, 1996 affirmed, rejecting challenge on grounds of patent illegality and public policy.

3 Sep 2024

The case arises from a dispute between OPG Power Generation Private Limited (OPG) and its holding company Gita Power and Infrastructure Private Limite...

Tribunals

NCLAT Allows Appeal by Successful Resolution Applicant Against EPFO Claim for Pre-CIRP Dues, Holding That Resolution Plan Approved Under IBC Is Binding on All Stakeholders Including Statutory Authorities. The tribunal ruled that EPFO's failure to file claim during CIRP results in extinguishment of dues, and the corporate debtor gets a clean slate post-resolution.

30 Nov -0001

The case involves two appeals arising from an order of the National Company Law Tribunal (NCLT), Mumbai Bench, dated 03.07.2024, which allowed an appl...

Supreme Court

Supreme Court Allows Appeal of Paschimanchal Vidyut Vitran Nigam Ltd. in Insolvency Case — Holds That Statutory Charge Under Electricity Supply Agreement Survives Liquidation and Must Be Respected Under IBC. The Court ruled that a charge created under Section 53 of the Electricity Act, 2003 read with contractual terms is not extinguished by the moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016, and the liquidator must treat the appellant as a secured creditor.

1 Jan 2023

The appellant, Paschimanchal Vidyut Vitran Nigam Ltd. (PVVNL), a state electricity distribution company, entered into an electricity supply agreement ...

High Court

Bombay High Court Allows Writ Petitions Challenging PMLA Attachment — Section 32A IBC Immunity Overrides Provisional Attachment Order Under PMLA. Resolution Plan Approved for Corporate Debtor Shields Assets from Enforcement Directorate's Attachment.

1 Mar 2024

The judgment concerns two writ petitions: one by individuals (Shiv Charan, Pushpalata Bai, and Bharti Agarwal) challenging a provisional attachment or...

High Court

Bombay High Court Dismisses Writ Petition Challenging DRT Orders on Territorial Jurisdiction and Interim Relief. Held that DRT Ahmedabad had jurisdiction to entertain the bank's recovery application and that the Appellate Tribunal's refusal to grant interim relief was justified.

27 Feb 2006

The petitioner, M/s. GTCL Mobile-Com Technology Limited, a company registered under the Companies Act, challenged two orders: (1) an order dated 14-11...

High Court

Bombay High Court Hears Commercial Arbitration Petition Under Section 34 of Arbitration and Conciliation Act, 1996 Against Arbitral Award Directing Payment of Damages for Revenue Shortfall. The Award Found That the Business Centre Operator Failed to Make Endeavour to Achieve Revenue Projections in Business Plan Annexed to Management Agreement.

25 Nov 2025

This judgment of the Bombay High Court addressed a petition under Section 34 of the Arbitration and Conciliation Act, 1996 filed by Regus South Mumbai...

High Court

High Court of Bombay Dismisses ONGC's Challenge to Arbitral Award in Vessel Maintenance Contract Dispute — No Interference Under Section 34 of Arbitration Act as Award Not Found to be in Conflict with Public Policy or Patent Illegality. The court upheld the arbitral tribunal's interpretation that the respondent was not liable for pre-existing HOTO defects, as the contract did not impose such liability.

18 Oct 2010

The petitioner, Oil & Natural Gas Corpn. Ltd. (ONGC), challenged an arbitral award dated 2nd April, 2008 under Section 34 of the Arbitration and Conci...

Supreme Court

Supreme Court Adjudicates Appeals by Sahara Companies on SEBI's Regulatory Powers Over OFCDs. Case centers on Section 55A(b) Companies Act and compliance with DIP Guidelines for issuance of optionally fully convertible debentures.

1 Aug 2026

The case involved two Sahara Group companies, Sahara India Real Estate Corporation Limited (SIRECL) and Sahara Housing Investment Corporation Limited ...

High Court

Bombay High Court Allows Petition to Appoint Arbitrator in Commercial Dispute Over Unpaid Invoices Under Section 11(6) of Arbitration and Conciliation Act, 1996. Respondent's Limitation Objection Rejected as Debt Acknowledged Within Limitation Period, Court Appoints Sole Arbitrator.

8 Jun 2026

The petitioner, Oil Field Instrumentation India Pvt Ltd, filed a petition under Section 11(6) of the Arbitration and Conciliation Act, 1996 seeking ap...

High Court

Bombay High Court Examines Cut-off Date for Workmen Dues in Winding Up of Swadeshi Mills. Official Liquidator's Calculation Up to Appointment of Provisional Liquidator Challenged by Workmen Seeking Dues Up to Winding Up Order.

28 Oct 2013

The matter concerns a company application filed by five workmen of M/s Swadeshi Mills Co. Ltd., which was wound up. The company had approximately 2970...

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