If after repeated negotiations, a Resolution Plan is submitted and has been approved by CoC with a majority vote, such commercial wisdom is not required to be called into question or casually interfered with – Ramkrishna Forgings Ltd. Vs. Ravindra Loonkar, RP of ACIL Ltd. & Anr. – Supreme Court

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An order of the Hon’ble High Court shall be binding on the Adjudicating Authority (Tribunal) established under Section 419(4) of the Companies Act, 2013 exercising Territorial Jurisdiction – M/s. Indra Marshal Power Pvt. Ltd. Vs. M/s. Akshaya Irrigation Products Pvt. Ltd. – NCLAT Chennai

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If the petitioners are having effective and statutory remedy before the NCLAT, they cannot come to High Court invoking Article 226 of the Constitution of India – Mrs. Sunku Vasundhara Vs. State Bank of India – Madras High Court

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The provision regarding right of conversion is at the option of the lender and in this case, the lender has chosen to exercise its right under the IBC in the event of default in repayment which is certainly permissible under law – Amit Arora Vs. Tourism Finance Corporation of India – NCLAT New Delhi

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Whether the Guaranteed Minimum Royalties to be paid quarterly by the Corporate Debtor as a consideration to grant of license and right to use the Trademark of the Operational Creditor on its Licensed Product (for manufacture and sale purpose) is an Operational Debt or not? – Knight Riders Pvt. Ltd. Vs. Global Fragrances Pvt. Ltd. – NCLT New Delhi Bench Court-IV

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