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The Supreme Court Of India Upholds Inclusion Of Subsidiary Assets In Resolution Plans Through Lifting Of The Corporate Veil
By way of the Impugned Order, the NCLAT had set aside the National Company Law Tribunal’s (“NCLT”) approval of 3 (three) project-wise resolution plans of Earth Infrastructures Limited (“CD”). The NCLAT held that the said plans erroneously included the assets of the CD’s subsidiaries, without seeking permission for transfer from GNIDA, being the principal lessor/owner of the said assets.
India Insolvency
J
JSA
Article
Arbitrator’s Administrative Engagements Constitute Sufficient Cause For Extension Under Section 29A: Himachal Pradesh High Court
The Himachal Pradesh High Court examined whether an arbitrator's administrative duties as a senior government officer justify extending the statutory deadline for delivering an arbitral award. The case arose from a land acquisition dispute where the Divisional Commissioner, acting as arbitrator, could not complete proceedings...
India Litigation
IL
IndiaLaw LLP
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