The Calcutta High Court denied an ad-interim injunction related to a consent decree during a CIRP moratorium, citing the absence of necessary documentation.
Calcutta High Court on Consent Decree During CIRP Moratorium
The Calcutta High Court has rejected a request for an ad-interim injunction regarding a consent decree issued during the Corporate Insolvency Resolution Process (CIRP) moratorium. The court noted that the Single Judge had not been provided with sufficient documentation to make an informed decision.
This ruling clarifies judicial expectations concerning the documentation necessary to evaluate injunction requests in the context of ongoing insolvency proceedings. The Division Bench explicitly mentioned that they refrained from commenting on the merits of the case, which remains open for further examination.
For practitioners, this decision highlights the critical importance of comprehensive documentation when seeking emergency relief related to consent decrees during moratorium periods. Attention to such details could significantly impact the outcomes of similar cases.
