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Supreme Court Monthly Digest: March 2021 [74 SC Judgments] [Citation LL 2021 SC 118 To LL 2021 SC 192]


A Bench comprising of
Navin Sinha and
KM Joseph observed that an application under Section 34 of the Arbitration and Conciliation Act to set aside an award is covered by moratorium under Section 14 of the Insolvency and Bankruptcy Code.
Section 34 proceeding is a proceeding against the corporate debtor in a court of law pertaining to a challenge to an arbitral award and would be covered just as an appellate proceeding in a decree from a suit would be covered, the bench headed by Justice RF Nariman observed in the judgment titled P Mohanraj & Ors. v. M/s Shah Brothers Ispat Ltd. ....

New Delhi , Jammu And Kashmir , Uttar Pradesh , State Of West Bengal , West Bengal , Andhra Pradesh , Madhya Pradesh , Himachal Pradesh , State Of Rajasthan , Tamil Nadu , State Of Assam , State Of Andhra Pradesh , State Of Kerala , Chaganti Satyanarayan , Surya Kant , Lalita Kumari , Evam Vikas Parishad , Sanjay Kishan Kaul , Indira Banerjee , Abuzar Hossain Ghulam , Pramod Suryabhan Pawar , Aniruddha Bose , Mohan Shantanagoudar , L Nageswara Rao , Patricia Mukhim , Sushila Aggarwal ,

Discom cannot terminate PPA with insolvent power company: SC


Discom cannot terminate PPA with insolvent power company: SC
The Gujarat power distribution company had moved Supreme Court saying that neither the National Company Law Tribunal (NCLT) nor the NCLAT had the jurisdiction to stay the termination, which was done as per the clauses of the agreement
Dipak Mondal | March 9, 2021 | Updated 13:25 IST
Gujarat electricity distribution and trading company - Gujarat Urja Vikas Nigam Ltd - has been barred by the Supreme Court to terminate the power purchasing agreement (PPA) with an insolvent company - Astonfield Solar (India) Pvt Ltd.
The Supreme Court on Monday dismissed an appeal by the GUVNL against an order by the National Company Law Appellate Tribunal (NCLAT), which had earlier stayed the termination of PPA on grounds that the power generator - Astonfield Solar (India) - had filed for insolvency. ....

Lanco Infratech , Urja Vikas Nigam , Supreme Court , National Company Law Tribunal , Gujarat Urja Vikas Nigam Ltd , Supreme Court On , National Company Law Appellate Tribunal , Astonfield Solar India Pvt Ltd , Urja Vikas Nigam Ltd , Astonfield Solar , Pvt Ltd , Gujarat Urja Vikas Nigam , Gujarat Electricity Distribution Company , Gujarat Electricity Trading Company , Gujarat Electricity Distribution And Trading Company , லான்கோ இன்ப்றதேச் , உர்ஜா விகாஸ் நீகம் , உச்ச நீதிமன்றம் , தேசிய நிறுவனம் சட்டம் தீர்ப்பாயம் , குஜராத் உர்ஜா விகாஸ் நீகம் லிமிடெட் , உச்ச நீதிமன்றம் ஆன் , தேசிய நிறுவனம் சட்டம் மேல்முறையீடு தீர்ப்பாயம் , உர்ஜா விகாஸ் நீகம் லிமிடெட் , பிரைவேட் லிமிடெட் , குஜராத் உர்ஜா விகாஸ் நீகம் , குஜராத் மின்சாரம் விநியோகம் நிறுவனம் ,