Case Law Details
Case Name : Transcon Skycity Private Limited Vs. ICICI Bank (Bombay High Court)
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Courts :
All High Courts Bombay High Court
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Transcon Skycity Private Limited Vs. ICICI Bank (Bombay High Court)
A major relief was provided to two real estate companies (“Petitioners”), Transcon Skycity Private Limited (Writ Petition LD-VC No. 28 of 2020) and Transcon Iconica Private Limited (Writ Petition LD-VC No. 30 of 2020) by the Hon’ble Bombay High Court vide its order dated 11th April 2020 (matter heard by video conferencing), with regards to the correct interpretation of ‘Moratorium on Term Loans’ given under RBI Press Release ‘Statement on Developmental and Regulatory Policies’ dated 27th March 2020 (“Press Rele...
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