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NCLAT Allows Section 7 Petition in Insolvency Case Due to Acknowledgment of Debt in Balance Sheets and Emails. Repeated acknowledgment of debt by Corporate Debtor in balance sheets and emails extends limitation period under Section 18 of Limitation Act, 1963, saving the petition from being time-barred.

The case involves an appeal filed by Akzo Nobel India Ltd. (Financial Creditor) against Stan Cars Pvt. Ltd. (Corporate Debtor) under Section 61 of the...

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Bombay High Court Allows Petition Challenging Municipal Notice for Building Repairs Under Section 264 of Maharashtra Municipal Corporations Act, 1949. Court Holds That Notice Must Be Issued to the Owner of the Property and Not to a Person in Occupation Without Ownership Rights.

The petitioner, Niraj Krishnakumar Sharma, filed a writ petition before the Bombay High Court at Nagpur challenging a notice dated 16.11.2022 issued b...

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Supreme Court Holds Section 15J Factors Illustrative in SEBI Penalty Adjudication. Adjudicating Officer Retains Discretion to Consider Mitigating Circumstances Beyond Stipulated Factors Under SEBI Act.

The Supreme Court of India adjudicated a reference arising from multiple civil appeals concerning the interpretation of Section 15J of the Securities ...

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Bombay High Court Dismisses Employer's Petition Challenging Industrial Court Order Granting Permanency to Workmen. Employer Failed to Prove Compliance with Section 25-F of Industrial Disputes Act, 1947, and Workmen Had Completed 240 Days of Service.

The petitioner, Raymond UCO Denim Private Ltd., challenged the order dated 1.1.2009 passed by the Industrial Court, Yavatmal in ULP Complaint No.27 of...

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Bombay High Court Quashes Process Against STAR TV in Kaun Banega Crorepati Gambling Case. Game Show Held Not to Be Gambling Under Bombay Prevention of Gambling Act, 1887 as It Involves Substantial Skill.

The petitioners, News Television India Ltd. and its directors, challenged the order of the Metropolitan Magistrate, 10th Court, Andheri, Mumbai dated ...