Kotak Investment Advisors Ltd Vs Krishna Chamadia

Whether the Resolution Professional with the approval of the Committee of Creditors is authorised to accept Resolution Plans beyond the deadline, without extending the timeline for submission of Expression of Interest - NO : NCLAT

Whether the act of the RP, with the approval of CoC,of accepting the Resolution Plan after the expiry of the deadline can be treated as an act under commercial wisdom of the CoC - NO: NCLAT

Whether the judgment of the bench comprising a member (technical) who has not heard the argument is valid - NO : NCLAT 

- Case Allowed: NCLAT

Balasore Alloys Ltd Vs Medima Llc

Whether as plaintiff failed to show that arbitration clause in 2018 agreement is inoperative or incapable of being performed, Court declined to grant anti arbitration injunction order - YES : HC

Whether the civil court has the power and jurisdiction to grant an anti arbitration injunction against a foreign seated arbitration - YES : HC

- Order passed in favour of Respondent: CALCUTTA HIGH COURT

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