When the projects proponent defaults in completing a project, it is always open for the banks to approach the NCLT under the Insolvency and Bankruptcy Code, 2016 – Court on its own motion Vs. Govt of NCT of Delhi and Ors. – Delhi High Court

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Section 34 is neither an appeal nor a revision, it is not even a full fledged judicial review, it is a mere challenge to an arbitral award within the limited statutory perimeter sketched by Section 34 of A&C Act, 1996 – M/s. Sai Ram Motors Pvt. Ltd. Vs. M/s. Hindustan Motor Finance Corporation Ltd. – Madras High Court

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