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Supreme Court Dismisses Appeal in Insolvency Case Over Creditor Status and Resolution Plan Approval. Statutory Authority's Claim as Financial or Secured Creditor Rejected Due to Lack of Diligent Action During Corporate Insolvency Resolution Process Under Insolvency and Bankruptcy Code, 2016.

The dispute arose from the Corporate Insolvency Resolution Process (CIRP) of M/s. JNC Construction (P) Ltd, the Corporate Debtor. The appellant, a sta...

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Supreme Court Dismisses Appeal in Bail Cancellation Case Due to Non-compliance with Financial Undertaking. High Court's order cancelling bail upheld as appellant failed to pay full compensation amount of Rs.4,63,50,000 as per settlement under Section 138 of Negotiable Instruments Act, 1881.

The case originated from convictions under Section 138 of the Negotiable Instruments Act, 1881, where the appellant and intervenor, as Chairman and Vi...