Quick updates to help our readers stay up to date on various legal and regulatory developments. It is not intended to be an analysis on the subject, but merely a brief snapshot.

10th Aug, 2023

Cal HC decides on stamp duty payable on scheme of arrangement where transferor company has no immovable property within territorial jurisdiction of State

Disputes

Delhi HC: Arbitrators cannot conduct independent research to supply evidence which the parties have not placed before it

Disputes

Supreme Court: Referral court must decide issues of existence and validity of an arbitration agreement in disputes where multiple contracts are involved

Disputes

Bom HC: Mere filing of an Application under Section 7 of IBC does not bar an application under Section 11 of the Arbitration Act

Corporate Restructuring & Insolvency,
Disputes

Delhi High Court holds that filing of an application seeking extension of the mandate of the Arbitrator is not a waiver of the ineligibility of the arbitrator

Disputes

Supreme Court issues directions for effective POSH implementation

Disputes

Ministry of Petroleum & Natural Gas releases the 'Green Shift Report'

Disputes,
Energy and Infrastructure

NCLAT: 90 days’ time limit for payment of sale consideration in a liquidation auction, is mandatory and non-extendable

Corporate Restructuring & Insolvency,
Disputes

Non-payment of a part of the debt when it becomes due and payable will amount to default on the part of the Corporate Debtor and will attract an order u/s 7 of IBC

Corporate Restructuring & Insolvency,
Disputes

NCLAT: There must be a transfer of both assets and liabilities when a corporate debtor is sold as a ‘going concern’

Disputes

Period taken by the court to provide a certified copy of the order is to be excluded while determining the period of limitation

Disputes

Claims which are not a part of the resolution plan shall stand extinguished on the date of approval of the resolution plan by the Adjudicating Authority

Disputes

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