Search Results for "financial viability"

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Bombay High Court Dismisses NHAI Appeals in Land Acquisition Compensation Disput...
Supreme Court Allows Appeal in Motor Accident Claim Case — Death Not Arising O...
Bombay High Court Dismisses Petitioner's Challenge to Arbitral Award in Commerci...
Bombay High Court Dismisses Appeal Against Attachment of Property in NSEL Scam C...
Bombay High Court Allows Appeal in Customs Classification Dispute — Bulk Pet F...

Search Results for "financial viability"

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Supreme Court

Supreme Court Dismisses Miscellaneous Application in Special Leave Petition Due to Lack of Maintainability and Independent Nature of Insolvency Proceedings. Post-disposal recall applications are not entertainable except in narrow exceptions, and subsequent developments in insolvency under Section 12A of the Insolvency and Bankruptcy Code, 2016 cannot retroactively affect disposed civil matters.

23 Mar 2026

The dispute originated from an Agreement to Sell dated 13.08.2021 concerning a property in Gurugram, where the applicant sought specific performance t...

High Court

Gujarat High Court Dismisses Employer's Appeal Against Regularization of Workman by Industrial Tribunal. Workman's Services Regularized Due to Completion of 240 Days and Employer's Non-Compliance with Contract Labour Act.

18 Feb 2026

The present Letters Patent Appeal was filed by the Chief Officer of Porbandar Nagarpalika (earlier known as Porbandar Chhaya Nagarpalika) against the ...

High Court

Bombay High Court Directs Bank to Refer MSME Loan Account for Restructuring Under RBI Framework - Petitioner's MSME Status Entitles It to Benefit of Framework for Revival and Rehabilitation. The court held that the bank was obligated to refer the stressed MSME account to the Committee for restructuring as per the Government Notification dated 29.05.2015 and RBI Master Direction dated 21.07.2016, following the Supreme Court's decision in Pro Knits.

29 Jan 2026

The petitioners, Vardhan Agro Processing Limited (petitioner No.1, an MSME) and its chairman and shareholder (petitioner No.2), filed a writ petition ...

Tribunals

NCLAT Allows Secured Creditor's Appeal Against Contribution Order in IBC Liquidation — Secured Creditor Realizing Security Under Section 52 Not Liable to Contribute to Workmen's Dues or Liquidation Costs. The court held that the waterfall mechanism under Section 53 IBC does not apply to secured creditors who opt out of the liquidation process, and Section 226(1)(b) of Companies Act, 2013 is inapplicable.

14 Jan 2025

The appeal was filed by Cosmos Co-Operative Bank Ltd., a secured creditor of Pandit Automotive Pvt. Ltd. (corporate debtor), challenging an order of t...

Supreme Court

Supreme Court Upholds Repeal of Karnataka Contract Carriages (Acquisition) Act, 1976 and Invalidates Delegation of Permit-Granting Power to Secretary. The State Legislature has plenary power to repeal a state Act under the Concurrent List without fresh Presidential assent, and the quasi-judicial function of granting permits under the Motor Vehicles Act, 1988 cannot be delegated to the Secretary of the Transport Authority.

1 Jan 2025

The Supreme Court of India adjudicated a batch of civil appeals arising from a common judgment of the Karnataka High Court dated 28 March 2011. The ap...

High Court

High Court of Karnataka Quashes Condition Imposed by IDBI Bank in Debt Restructuring — Unilateral Imposition of Prepayment Premium Without Contractual Basis Held Arbitrary. Writ of Certiorari Granted Against Condition Requiring Payment of Prepayment Premium on Premature Repayment of Loan Under Master Restructuring Agreement.

27 Jun 2019

The petitioners, United Spirits Limited and USL Benefit Trust, filed writ petitions under Articles 226 and 227 of the Constitution of India challengin...

High Court

High Court of Bombay at Goa Dismisses Petition Challenging NOC Requirement for College Affiliation. Condition in Statute SC-1 of Goa University Act, 1984 is Valid and Not Ultra Vires.

4 Apr 2017

The petitioners, Vikas Parishad (also known as Pedne Taluka Vikas Parishad), a registered society, and its Chairman, filed a writ petition before the ...

High Court

Bombay High Court Upholds Closure of Textile Mills Under Section 250 of Industrial Disputes Act, 1947 — Reinstatement of Retrenched Workers Denied Due to Financial Non-Viability. Closure Application Approved by Appropriate Government and Industrial Tribunal; Retrenchment Compensation Paid; No Justification for Reopening or Reinstatement.

9 Jun 2016

The petitioner, M/s. Standard Mills (Textile Division of Standard Industries Ltd.), a company incorporated under the Companies Act, 1956, had been in ...

High Court

Bombay High Court Dismisses Petition Challenging Levy of Mathadi Act Wages and Cess on Public Sector Undertaking. Loading/Unloading Operations at Factory Held to be Scheduled Employment Under Section 2(11) of Maharashtra Mathadi, Hamal and other Manual Workers (Regulation of Employment and Welfare) Act, 1969.

19 Jan 2010

The petitioner, Rashtriya Chemical & Fertilizers Limited, a Central Government Public Sector Undertaking engaged in manufacturing and marketing chemic...

Tribunals

NCLAT Allows Fresh Form G to Maximize Asset Value in CIRP of Raigarh Champa Rail Infrastructure Pvt. Ltd. — Challenge Mechanism Under Regulation 39(1A)(b) of IBBI Regulations, 2016 Must Be Conducted Among Existing Resolution Applicants.

30 Nov -0001

The appeal was filed by JM Financial Asset Reconstruction Company Ltd., acting as trustee of Rail December 2024 Trust, challenging the Impugned Order ...

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