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Bombay High Court Dismisses Application to Withdraw Consent for Arbitrator Appointment in Arbitration Dispute — Consent Once Given Cannot Be Unilaterally Withdrawn Under Section 11 of Arbitration and Conciliation Act, 1996.

The dispute arose out of a Memorandum of Understanding dated 23 October 2006 and an additional Memorandum of Understanding dated 27 March 2008 between...

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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.

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...

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NCLAT Upholds Admission of CIRP Against Corporate Debtor Under Section 7 of IBC, 2016 — Asset Reconstruction Company Held to be Financial Creditor and Application Not Barred by Limitation.

The appeal was filed by the suspended director of M/s. Sri Pavana Keerthi Hotels India Private Limited (Corporate Debtor) against the order of the Nat...