Court’s altruistic approach in granting Moratorium for NPA

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 11^th April 2020 (matter heard by video conferencing), with regards to the correct interpretation of ‘Moratorium on Term Loans’ given un

Please become a Premium member. If you are already a Premium member, login here to access the full content.