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Supreme Court Allows Fresh Resolution Process for Corporate Debtor Despite Default by Successful Resolution Applicant. Time Spent in Litigation Excluded to Uphold Maximisation of Asset Value Under Insolvency and Bankruptcy Code, 2016.

The appeal arose from the corporate insolvency resolution process of Amtek Auto Limited, initiated under Section 7 of the Insolvency and Bankruptcy Co...

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High Court of Karnataka Quashes Execution Court Order Dismissing Stay Application Under Order 21 Rule 29 CPC for Non-Prosecution — Petitioner's Right to Seek Stay Revived. Dismissal for default does not bar a fresh application or restoration as it is not a decision on merits.

The petitioner, Sanjeev Doddamani, was the plaintiff in O.S.No.570 of 2022 filed for recovery of money. The suit was decreed ex-parte against the resp...