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NCLAT Allows Appeal Against Admission of CIRP Due to Discharge of Debt Through One-Time Settlement. Financial Debt Found to Be Fully Satisfied Prior to Filing of Section 7 Application Under Insolvency and Bankruptcy Code, 2016.

The present appeal was filed under Section 61 of the Insolvency and Bankruptcy Code, 2016 (IBC) by Mr. Puneet Resutra, the erstwhile Director and Shar...

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Supreme Court Facilitates Settlement in Consumer Dispute Involving Flat Buyers, Builder, and Bank Under Consumer Protection Act. Court Records Amicable Resolution Terms Including Waiver of Charges, Interest Discounts, and Payment Adjustments, Directing Compliance with Timelines.

The Supreme Court dealt with appeals under Section 23 of the Consumer Protection Act, 1986, against a common judgment of the National Consumer Dispute...

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Supreme Court Sets Aside High Court Order Waiving Predeposit for Appeal Under SARFAESI Act. Mandatory Deposit Under Section 18 Cannot Be Waived Even by High Court Under Article 226.

The Supreme Court considered appeals against the Bombay High Court's order dated 25.11.2019 and 16.12.2019, which had relegated the appellant (Union B...

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Supreme Court Upholds NCLAT Decision on Mandatory 75% Voting Share for Resolution Plan Approval Under I&B Code. Financial Creditors' Rejection of Resolution Plan for Kamineni Steel & Power India Pvt. Ltd. and Innoventive Industries Ltd. Leads to Liquidation as Plan Did Not Garner Required Majority.

The Supreme Court of India heard appeals arising from a common judgment of the National Company Law Appellate Tribunal (NCLAT) dated 6 September 2018,...

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Bombay High Court Dismisses Writ Petition Challenging EPF Recovery Proceedings Against Corporate Debtor Under IBC Moratorium. Held that Section 14 of IBC does not bar EPF recovery proceedings under Section 7A of EPF Act as they are not 'assets' of corporate debtor but trust money.

The petitioner, Galvanotek Industries Private Ltd., a corporate debtor undergoing insolvency resolution under the Insolvency and Bankruptcy Code, 2016...

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Bombay High Court Dismisses Writ Petition Challenging Cooperative Society Membership Cancellation. Registrar's power to cancel membership under Section 27 of the Maharashtra Cooperative Societies Act, 1960 upheld for non-payment of dues.

The petitioners, Jayantrao Amrutrao Patil and Vilas Patingrao Patil, filed a writ petition in the High Court of Judicature at Bombay, Appellate Side, ...