TATA CONSULTANCY SERVICES LIMITED vs VISHAL GHISULAL JAIN

The Supreme Court upheld the NCLAT's decision to stay the termination of the Facilities Agreement between Tata Consultancy Services and SK Wheels Private Limited. The court emphasized the importance of adhering to the contractual provisions regarding termination for material breach, particularly the requirement for a notice period to cure any breaches. The ruling reinforces the necessity of following due process in corporate agreements, especially in insolvency contexts.