The insolvency order was passed on a petition of Foresight Innovations Pvt Ltd, a New Delhi-based supplier, which claimed that Rs 1.58 crore of payment was defaulted by the company...
The gross principal amount on which the default has occurred is Rs 265 crore, which is Rs 106 crore for Series XVI - A and Rs 159 crore for Series XVI - B fund...
An interlocutory order in arbitral proceedings, which does not terminate the arbitration or bring it to an end, cannot be challenged under Article 227 of the Constitution...
The high court also dismissed FCPL's another plea challenging a separate order of the arbitral tribunal permitting US-based e-commerce giant's request...