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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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KAHC030005792015_1

The judgment relates to a conglomeration of appeals and cross-objections arising out of land acquisition proceedings initiated by the State of Karnata...

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High Court of Karnataka Adjudicates Multiple Appeals on Land Acquisition Compensation for Minor Irrigation Tank. Reference Court's Enhanced Market Value Challenged by Both State and Land Losers.

The High Court of Karnataka Kalaburagi Bench heard a conglomeration of appeals filed under Section 54(1) of the Land Acquisition Act, 1894, and cross-...

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Presidential Reference Made to Supreme Court Seeks Advisory Opinion on Telecom Licences and Spectrum Allocation Policies. Reference Under Article 143(1) Recites Historical Grant of Licences from 1994 to 2008 Including First-Come-First-Served and Revenue Share Regimes.

Background: The President of India made a reference under Article 143(1) of the Constitution on 12.04.2012, seeking the advisory opinion of the Suprem...

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High Court of Karnataka Adjudicates Batch of Petitions Challenging Constitutional Validity of Forest Development Tax Notification. Petitioners Alleged Notification Ultra Vires Article 246 and Forest (Conservation) Act, 1980, Seeking to Quash Demand Notices.

A batch of writ petitions was filed before the High Court of Karnataka by various mining companies, corporations, and individuals, including National ...

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Bombay High Court Dismisses Reference Under Land Acquisition Act for Enhancement of Compensation; Claimants Fail to Prove Land Ownership. Court Upholds Land Acquisition Officer's Award of Demolition Value for Structures as No Evidence of Higher Value Was Produced.

The dispute arose from an acquisition of land and structures for a public purpose, namely a municipal school, garden, medical college, and road, in Vi...