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Supreme Court Dismisses Appeal by Operational Creditor in IBC Resolution Plan Challenge — Commercial Wisdom of Committee of Creditors Upheld. Noida Special Economic Zone Authority's claim for full admitted dues rejected as Resolution Plan approved by CoC and NCLT stands, with IBC overriding SEZ Act.

The case involves an appeal by Noida Special Economic Zone Authority (NSEZ Authority), an operational creditor, against the approval of a resolution p...

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High Court of Karnataka Stays Circular Imposing Ban on Ferocious Dog Breeds; Union of India Directed to Conduct Stakeholder Consultation Before Enforcement

The writ petition was filed under Article 226 of the Constitution by two individuals, a dog breeder and a dog owner, challenging a circular dated 12-0...

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Bombay High Court Hears Writ Petition Challenging Validity of Reopening Notice Under Section 148 of Income Tax Act for Assessment Year 2015-16. The Reopening Based on Alleged Escaped Income from Capital Reduction Transaction Is Contested on Grounds of Full Disclosure During Original Assessment.

The petitioner, an investment holding company incorporated in Singapore and under creditors' voluntary liquidation, held shares in Lehman Brothers Cap...

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Supreme Court Dismisses Appeal Against Land Acquisition for Limestone Quarrying; Declaration Under Section 6(1) of Land Acquisition Act 1894 Held Conclusive Without Proof of Colorable Exercise

The dispute arose from land acquisition proceedings initiated by the State of Uttar Pradesh in 1950 for limestone quarrying. The appellant, Raja Anand...

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Supreme Court Adjudicates Appeal Against High Court's Order Setting Aside Arbitral Award Under Section 37 of Arbitration and Conciliation Act, 1996. Dispute Involves Interpretation of Contractual Notice Requirement as Condition Precedent and Applicability of Waiver and Estoppel in EPC Contract.

The dispute arose from multiple Engineering, Procurement, and Construction (EPC) agreements between SEPCO Electric Power Construction Corporation (con...