Photo of Tilak Dangi

Tilak Dangi

Subscribe to Tilak Dangi's Posts

Associate in the Dispute Resolution Practice at the Ahmedabad office of Cyril Amarchand Mangaldas. Tilak advises on litigation, arbitration and commercial disputes. He can be reached at tilak.dangi@cyrilshroff.com.

Introduction:

A division bench of the Hon’ble Supreme Court, comprising Hon’ble Chief Justice D.Y. Chandrachud and Justice J. B. Pardiwala in Celir LLP v. Bafna Motors (Mumbai) Pvt. Ltd. and Ors[1] on September 21, 2023, held that a borrower only has right of mortgage redemption till the publication of auction notice under Section 13(8) of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act (“SARFAESI Act”). The Hon’ble Supreme Court analysed orders passed by various Hon’ble High Courts in interpreting the provisions of Section 13(8) of the SARFEASI Act, post the amendment in 2016 (“Amendment”) and the intent of the Amendment.Continue Reading Section 13(8) of SARFAESI Act: SC settles conundrum on right of redemption of borrower

The Bombay High Court was recently called upon to decide an application filed by Anupam Mittal (“Applicant”), the founder of shaadi.com, seeking to restrain Westbridge Ventures II Investment Holdings and other directors of People Interactive (India) Private Limited (“Respondents”) from enforcing an anti-suit injunction granted by the High Court of Singapore. The anti-suit injunction restrained the Applicant from proceeding with his oppression and mismanagement petition before the National Company Law Tribunal (“NCLT”) on the ground that parties had agreed to resolve their disputes via arbitration seated in Singapore and disputes pertaining to oppression and mismanagement were arbitrable under Singapore law.Continue Reading Party Autonomy Restrained? Dissecting Bombay High Court’s Anti-Enforcement Injunction Order in Anupam Mittal v. People Interactive (India) Pvt. Ltd.