https://www.taxtmi.com/caselaws?id=370704 A restructuring agreement and related sanction documents were treated as controlling the parties' rights, so a later RBI circular could not extinguish contractual claims already crystallised under the earlier arrangement. The restructuring materials were read as approving only the additional working capital expressly sanctioned; any further funding was discretionary, not mandatory, and consultant projections did not create a binding promise. Relief to stop lenders from pursuing recovery, including proceedings under the Insolvency and Bankruptcy Code and SARFAESI, was not available because repayment obligations remained enforceable and statutory remedies could not be blocked through writ-based specific performance. en-us Mon, 24 Sep 2018 00:00:00 +0530 Tue, 20 Nov 2018 11:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370704 A restructuring agreement and related sanction documents were treated as controlling the parties' rights, so a later RBI circular could not extinguish contractual claims already crystallised under the earlier arrangement. The restructuring materials were read as approving only the additional working capital expressly sanctioned; any further funding was discretionary, not mandatory, and consultant projections did not create a binding promise. Relief to stop lenders from pursuing recovery, including proceedings under the Insolvency and Bankruptcy Code and SARFAESI, was not available because repayment obligations remained enforceable and statutory remedies could not be blocked through writ-based specific performance. Case-Laws Insolvency and Bankruptcy Mon, 24 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370704