Ad-Interim Injunction Refusal Upheld Despite CIRP Moratorium Plea: Calcutta HC

Advertisement Sabyasachi Banerjee Vs Asha Mirchandani Waterstreet And Ors. (Calcutta High Court) The Calcutta High Court disposed of an appeal challenging the refusal of an ad-interim injunction in a suit seeking a declaration that a consent decree dated 23 August 2022 was null and void. The appellant contended that the consent decree had been passed during the moratorium under the Corporate Insolvency Resolution Process (CIRP), which remained in force from 18 July 2022 until the Resolution Professional was discharged on 18 April 2023. It was argued that the decree, passed on 23 August 2022...