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The Court said that since the commercial wisdom of the CoC is placed on the highest pedestal, it is necessary that the decision-making process is infused with safeguards.
Setting aside the April verdict, the larger seven-judge bench led by Chief Justice DY Chandrachud ruled that agreements that are not stamped or insufficiently stamped are not rendered void or void ab initio or unenforceable if arbitration agreement prima facie exists between parties.
The five-days event, organized by Recruitment Coordination Committee of Batch 2024 and Internship Cell of the University, aimed to facilitate direct interaction between students and distinguished legal professionals and gain practical insights from an impressive lineup of renowned speakers
According to experts, the apex court’s decision has clarified the role of the Resolution Professional in the case of a personal guarantee to being a ‘facilitator’ and not an ‘adjudicator’.
Provides relief to lenders whose petitions for insolvency of personal guarantors was getting delayed