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Bombay High Court Dismisses Appeal Against Winding Up Order in Company Petition by Asset Reconstruction Company. ARCIL as assignee of debt is entitled to maintain winding up petition under Companies Act, 1956.

The appeal was filed by Horizon Flora India Limited against an order of the learned single Judge dated 16 July 2010 in Company Petition No. 189 of 200...

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Supreme Court Directs NCLT to Expedite Approval of Resolution Plan in Home Buyers' Insolvency Case, Upholding IBC Moratorium. Execution of Consumer Forum Order Stayed Under Section 14 of Insolvency and Bankruptcy Code, 2016, with Personal Liability Issues Referred to Adjudicating Authority.

The dispute involved home buyers who had entered into agreements with a developer for a housing project, with possession due in 2014. The developer ab...

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High Court of Karnataka Dismisses Writ Petition Against SARFAESI Act Order for Lack of Alternative Remedy. Petitioner's challenge to order under Section 14 of SARFAESI Act, 2002 held not maintainable as appeal under Section 17 before DRT is available.

The petitioner, M/S Balaji Food Processing Industry, filed a writ petition under Articles 226 and 227 of the Constitution of India before the High Cou...

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High Court of Karnataka Allows Writ Petition Against DRAT Order Rejecting Additional Evidence Application on Technical Ground. Wrong Mention of Provision Does Not Oust Jurisdiction if Court Otherwise Has Power to Entertain Application.

The petitioner, Neuropsychiatry and Critical Care Hospital Private Limited, filed a writ petition under Articles 226 and 227 of the Constitution of In...

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Supreme Court Allows Bank's Appeal in SARFAESI Auction Dispute — Extension of Time Not Binding Without Confirmation Letter. Forfeiture of Earnest Money Upheld Under Rule 9(5) of Security Interest (Enforcement) Rules, 2002.

The Supreme Court allowed the appeal filed by the State Bank of India (the Bank) against the judgment of the Madras High Court. The dispute arose from...

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Madras High Court Dismisses Writ Petition Against DRT Order Due to Alternative Remedy Under SARFAESI Act. Petitioner directed to approach Debts Recovery Appellate Tribunal as effective remedy lies before DRAT.

The petitioner, M/s.KSM Leather Exports, represented by its proprietor B.Noor Mohammed, filed a writ petition before the Madurai Bench of the Madras H...