Stressed Assets Stabilization Fund Vs Bijay Murmuria

Whether without proving the right of first charge holder, the assignee of the original financial creditor cannot claim prefrential treatment over other classes of creditor in the resolution plan: NCLAT

Whether if the question of giving benefit to the first charge holder is not substantiated by the assignee of original financial creditor, discriminatory treatment afforded on the basis of classes of creditor will not vitiate the resolution plan - YES: NCLAT

- Appeal dismissed: NCLAT

Enforcement Directorate Vs Tilak Raj Arora

Whether the Court has power to direct the Investigating Agency or the Enforcement Directorate to issue notice to the accused prior to arrest - NO: HC

- Appeal allowed: DELHI HIGH COURT

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TOG

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