2017-TIOLCORP-70-HC-DEL-MISC
Power Grid Corporation Of India Ltd Vs Jyoti Structures Ltd
Whether proceedings u/s 34 of the Arbitration Act, need not to be stayed, by virtue of Section 14 (1)(a) of the Code if continuation of proceedings do not adversely impact the assets of corporate debtor - YES : HC
- Case Allowed: DELHI HIGH COURT
2017-TIOLCORP-71-HC-DEL-MISC
Amit Sales Corporation Pvt Ltd Vs Amg Infrastructure Pvt Ltd
Whether dishonour of cheque with remarks "Funds Insufficient" is clearly indicative of defendant's mala fide intent of attempting to evade the payments due and payable to the plaintiff company - YES: HC
Whether despite issuance of a legal notice to clear the outstanding dues, the behavior of defendant in not replying the same, not clearing the outstanding dues and not denying the averments in the plaint in spite of ample opportunities given by Court, indicate their acceptance - YES : HC
- Order passed in favour of Plaintiff: DELHI HIGH COURT |