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Supreme Court Allows Appeal of SBI Consortium in Corporate Guarantee Dispute Under IBC. Corporate Guarantees Executed by Corporate Debtor Constitute Financial Debt Under Section 5(8) of IBC, 2016, and Are Enforceable Despite Timing and Stamping Objections.

The Supreme Court allowed the appeal filed by the Appellant Consortium against the order of the National Company Law Appellate Tribunal (NCLAT) which ...

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Bombay High Court Allows Petition Challenging Policy Circulars in SEIS Benefits Case — Circulars Imposing Additional Conditions for Service Providers Held Ultra Vires. Shipping Agent Entitled to SEIS Benefits as Service Provider Under Foreign Trade Policy.

The petitioner, Atlantic Shipping Private Limited, a shipping agent providing port services and logistical support to foreign clients, challenged the ...

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Supreme Court Allows Appeal by Employer in Pension Dispute, Holding Resignation Forfeits Past Service. Employee Who Resigned Before Pension Rules Came Into Force Not Entitled to Pensionary Benefits Despite Completing 22 Years of Service.

The case involves an appeal by BSES Yamuna Power Ltd. against a Delhi High Court judgment granting pensionary benefits to the first respondent, Ghansh...

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Bombay High Court Dismisses Writ Petition Challenging Rejection of Interim Relief in Property Suit — No Prima Facie Case for Return of Title Documents Pending Trial. Agreement for Sale Not Registered and Possession Not Delivered; Trial Court's Discretion Upheld Under Article 227.

The petitioners, as plaintiffs, filed Special Civil Suit No.660 of 2014 against the respondents seeking (i) direction to the bank (defendant no.2) to ...

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Bombay High Court Considers Appeal Under Section 37 of Arbitration Act Against Single Judge Order Dismissing Section 34 Petition Due to Foreign Seat and Governing Law — Interpretation of Escrow Agreement Clauses

The appeal arose from a Commercial Appeal under Section 37 of the Arbitration and Conciliation Act, 1996, filed by Katra Holdings Ltd., a Mauritius co...

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Supreme Court Upholds Union of India in Section 17A Challenge — Prior Approval Requirement for Investigating Public Servants is Constitutionally Valid. Read Down to Mandate Independent Screening; Lokpal to Approve for Covered Public Servants.

The writ petition was filed by the Centre for Public Interest Litigation challenging the constitutional validity of Section 17A of the Prevention of C...