The provisions of IBC cannot be turned into a debt recovery proceedings as the underpinning of this special code is to bring a Corporate Debtor on its feet – Yash Nachrani Director of suspended Board of Directors Coppertun Brewing Pvt. Ltd. Vs. Pardesi Construction Pvt. Ltd. – NCLAT New Delhi

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Award rendered in the a settlement of disputes or differences through a two-tier arbitration procedure being a “foreign award” is liable to be enforced under the provisions of Section 48 of the Arbitration and Conciliation Act, 1996 – M/s. Centrotrade Minerals and Metals Inc. Vs. Hindustan Copper Ltd. – Supreme Court

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After the admission of the Corporate Debtor into CIRP, the limited function to assisting and cooperating with IRP/RP does not bar the suspended Board of Directors to object the act of the Resolution Professional if the act of the Resolution Professional is prejudicial to the Corporate Debtor, or is in violation of any law or procedural requirement – Anand Kariwala Vs. Mr. Partha Pratim Ghosh, Resolution Professional – NCLT Kolkata Bench

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Withdrawal of Section 7 Petition filed under the IBC Code, 2016 against the Principal Borrower will not be a bar for the Creditor/Lender in initiating fresh CIRP against the Guarantor – Rajnish Gupta Vs. Union Bank of India & 1 Other – NCLAT New Delhi

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For the time being and purely as a stop¬gap arrangement, the concerned High Court(s) to entertain the matters falling within the jurisdiction of DRTs and DRATs under Article 226 of the Constitution of India – State Bar Council of Madhya Pradesh Vs. Union of India – Supreme Court

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