https://www.taxtmi.com/caselaws?id=758086 The HC partially allowed an application to amend the plaint and implead a party as Defendant No. 7. The court applied established principles that amendments necessary for determining real controversies between parties should be allowed, particularly at pre-trial stages where amendments are liberally permitted. However, the court found that portions of the proposed amendment seeking to enforce security interests created by a corporate debtor were barred under section 14 of the Insolvency and Bankruptcy Code, which prohibits actions to enforce security interests during moratorium periods. The amendment was allowed only to the extent it did not involve enforcement of such security interests. en-us Tue, 03 Sep 2024 00:00:00 +0530 Sat, 07 Sep 2024 08:18:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758086 The HC partially allowed an application to amend the plaint and implead a party as Defendant No. 7. The court applied established principles that amendments necessary for determining real controversies between parties should be allowed, particularly at pre-trial stages where amendments are liberally permitted. However, the court found that portions of the proposed amendment seeking to enforce security interests created by a corporate debtor were barred under section 14 of the Insolvency and Bankruptcy Code, which prohibits actions to enforce security interests during moratorium periods. The amendment was allowed only to the extent it did not involve enforcement of such security interests. Case-Laws Insolvency and Bankruptcy Tue, 03 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758086