Between The Lines – February 2021

Article by Vijay Pal Dalmia, Advocate, Supreme Court of India and Delhi High Court, Partner & Head of Intellectual Property Laws Division, Vaish Associates Advocates, India

Key Highlights

I. Supreme Court: Non-payment of stamp duty on the commercial contract does not invalidate the arbitration agreement

II. NCLAT: Neither the committee of creditors has the power to determine, nor the resolution professional has the power to reclassify the status of a creditor from financial creditor to operational creditor

III. Telangana High Court: Natural justice principles to be followed before declaring borrower's account as fraudulent

I. Supreme Court: Non-payment of stamp duty on the commercial contract does not invalidate the arbitration agreement