https://www.taxtmi.com/caselaws?id=407525 The court dismissed the writ petition as there was no contractual obligation to enforce the Joint Lenders Meetings' conclusions. It emphasized the lack of formal agreement between the parties and that the National Company Law Tribunal was the appropriate forum for addressing the company's revival. The court held that the respondent banks' actions were not arbitrary, and no mandamus could be issued to implement the Resolution Plan from the JLMs. The writ petition was dismissed without costs, and any pending miscellaneous petitions were closed. en-us Fri, 30 Apr 2021 00:00:00 +0530 Thu, 13 May 2021 08:28:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407525 The court dismissed the writ petition as there was no contractual obligation to enforce the Joint Lenders Meetings' conclusions. It emphasized the lack of formal agreement between the parties and that the National Company Law Tribunal was the appropriate forum for addressing the company's revival. The court held that the respondent banks' actions were not arbitrary, and no mandamus could be issued to implement the Resolution Plan from the JLMs. The writ petition was dismissed without costs, and any pending miscellaneous petitions were closed. Case-Laws Insolvency and Bankruptcy Fri, 30 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407525