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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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Supreme Court Dismisses Petition of Directly Recruited District Judges Seeking Elevation as High Court Judges by Clubbing Advocate Experience with Judicial Service. Article 217(2) of the Constitution Prescribes Separate Eligibility Criteria for Judicial Officers and Advocates, Which Cannot Be Combined.

The petitioners, eight directly recruited District Judges in Tamil Nadu, sought elevation as High Court judges. They argued that their experience as a...