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Supreme Court Allows Appeal in IBC Section 7 Application — Cumulative Redeemable Preference Shares Held as Debt, Not Investment. The Court held that CRPS constitute a debt under Section 3(11) of IBC, 2016, and the appellant is a financial creditor entitled to file an application under Section 7.

The appeal arises from the dismissal of the appellant's application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) by the NCLT and ...

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Bombay High Court Allows Writ Petition for Implementation of Pay Scales and Arrears for Employees of Private Polytechnic. State Obligated to Ensure Compliance with Government Resolutions for Aided Institutions.

The petitioners, employed as teaching and non-teaching staff of Satara Education Society, which runs Satara Polytechnic (Suman Dhekane Department of P...

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Bombay High Court Allows PIL Against APMC for Illegal Construction Without Development Permission Under MRTP Act. Agricultural Produce Marketing Committee Not a Local Authority Under Section 2(15) of MRTP Act, Hence Not Exempt from Section 44.

This Public Interest Litigation was filed by Goroba Pandurang Gadekar against the State of Maharashtra, Latur Municipal Corporation, Agricultural Prod...

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Bombay High Court Dismisses Petition Challenging Recognition of Trade Union Under Section 11 of MRTU & PULP Act. Membership Verification Based on Employer's Records Upheld as Proper.

The petitioner, Bharatiya Kamgar Sena, a trade union registered under the Trade Unions Act, 1926, challenged an order of the Industrial Court declarin...

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Bombay High Court Dismisses Petition of LIC Agent Challenging Termination and Forfeiture of Renewal Premiums. Suppression of Material Fact Regarding Life Assured's Hospitalization Justifies Termination Under Regulation 16(1) of LIC (Agents) Regulations, 1972.

The petitioner, Ramrao Manikrao Biradar, was appointed as an agent of the Life Insurance Corporation of India (LIC) on 11 April 1989 with agent code N...

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Bombay High Court Allows Restoration of Criminal Complaint in Cheque Dishonour Case Due to Non-Compliance with Conditional Order. Petitioner's right to prosecute respondent for offence under Section 138 of Negotiable Instruments Act, 1881 revived after respondent failed to deposit amount as directed.

The petitioner, Anil Prabhakar Naik, filed a criminal complaint under Section 138 of the Negotiable Instruments Act, 1881 against the respondents for ...