Monotrone Leasing Pvt Ltd Vs PM Cold Storage Pvt Ltd

Whether Civil Court is not competent to issue an injunction order for a case pending before the Tribunal under IBC - YES : NCLAT

Whether inability to pay-off debts and committing default are two different aspects and inability to pay debt has no relevance for admitting or rejecting an application for initiation of CIRP under IBC - YES : NCLAT

- Appeal allowed: NCLAT

Jagdish Ahuja Vs Cupino Ltd

Whether Appellant, both under the Income Tax Act and the contract between the parties is required to deposit amount deducted and if no tax is payable, the Appellant is entitled to refund of the amount and thus, there is no way the Appellant can retain Holdback Amount - YES : HC

- Appeal dismissed: BOMBAY HIGH COURT

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