Whether after the commencement of the Corporate Insolvency Resolution Process (CIRP), the assessment under the Central Sales Tax (CST) Act can continue? – State of Odisha v. Sree Metaliks Ltd. – Orissa High Court

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When a Court has to decide whether a person has really guaranteed the due performance of the contract by the principal debtor, all the circumstances concerning the transaction will have to be necessarily considered. Court cannot adopt a hyper technical attitude that the guarantor has not signed the agreement and so he cannot be saddled with the liability-P.J. Rajappan Vs. Associated Industries (Pvt.) Ltd. & another – Kerala High Court

Case Laws-SARFAESI-High Courts, IBC-Case Laws-High Courts, Indian Contract Act-Case Laws

A scheme sanctioned by the Court u/s 391 & 394 of the Companies Act, 1956 was binding on the creditors whether such creditors assented to it or not. A contract between the creditor and the principal debtor by which the creditor compounds with the principal debtor, discharges the surety-Shri Kundanmal Dabriwala Vs. Haryana Financial Corporation and another -Punjab & Haryana High Court

Case Laws-SARFAESI-High Courts, Companies Act-High Courts, IBC-Case Laws-High Courts, Indian Contract Act-Case Laws
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