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Supreme Court Dismisses Appeals in Insolvency Resolution Plan Implementation Dispute. The court upheld the NCLT order finding compliance with conditions precedent under the Resolution Plan, allowing implementation and extensions as per the Insolvency and Bankruptcy Code, 2016.

The batch of appeals arose from orders of the National Company Law Appellate Tribunal concerning the implementation of a Resolution Plan under the Ins...

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Supreme Court Allows Appointment of Arbitrator in Dispute Over Encashment of Performance Bank Guarantee After Full Contractual Performance. Arbitration Clause Covers Dispute Despite Completion of Contract and Payment.

The petitioner, M/S Glock Asia-Pacific Ltd., filed an application under Section 11(6) of the Arbitration and Conciliation Act, 1996, seeking appointme...

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Bombay High Court Quashes Termination of Contract by Food Corporation of India Due to COVID-19 Pandemic. Non-Submission of Bank Guarantee Within Stipulated Period Held to be Force Majeure, and Debarment Without Hearing Violates Natural Justice.

The petitioner, M/s. Gupta Freight Carrier, a proprietorship firm, was awarded a contract by the Food Corporation of India (FCI) on 20.03.2020 for tra...

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Bombay High Court Allows Appeal by MIDC in Contract Breach Case — No Binding Contract Without Work Order. Mere acceptance of tender does not create contractual obligations; formal work order essential under tender conditions.

The case involves an appeal by the Maharashtra Industrial Development Corporation (MIDC) against a decree passed in Special Civil Suit No.99/2009, whe...

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Bombay High Court Allows Land Acquisition Compensation Enhancement for Petitioners in Waghur Project Case. Court holds that the Reference Court erred in not granting statutory benefits under the Land Acquisition Act, 1894 including solatium and additional market value.

The judgment concerns three writ petitions filed by Deelip Vishwanath Patil and Sharad Vishwanath Patil against the Special Land Acquisition Officer a...