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Supreme Court Upholds NCLAT Decision on Mandatory 75% Voting Share for Resolution Plan Approval Under I&B Code. Financial Creditors' Rejection of Resolution Plan for Kamineni Steel & Power India Pvt. Ltd. and Innoventive Industries Ltd. Leads to Liquidation as Plan Did Not Garner Required Majority.

The Supreme Court of India heard appeals arising from a common judgment of the National Company Law Appellate Tribunal (NCLAT) dated 6 September 2018,...

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Bombay High Court Allows Transfer of 77 FIRs Against Credit Society Office Bearers to Single MPID Court for Consolidated Trial. Multiplicity of proceedings avoided to ensure fair and expeditious trial under Section 406 CrPC and MPID Act.

The petitioners, office bearers and employees of Bhaichand Hirachand Raisoni Multi State Credit Society, filed a writ petition under Article 226 of th...

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Supreme Court Constitution Bench Examines Applicability of Part I of Arbitration Act, 1996 to Foreign-Seated Arbitrations. Reference Arises from Conflicting Views in Bhatia International and Venture Global Engineering.

The Supreme Court of India, by a reference order dated 16 January 2008, directed the listing of Civil Appeal No. 7019 of 2005 and connected matters be...

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Supreme Court Adjudicates Appeals by Sahara Companies on SEBI's Regulatory Powers Over OFCDs. Case centers on Section 55A(b) Companies Act and compliance with DIP Guidelines for issuance of optionally fully convertible debentures.

The case involved two Sahara Group companies, Sahara India Real Estate Corporation Limited (SIRECL) and Sahara Housing Investment Corporation Limited ...

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Municipal Corporation of Greater Mumbai Challenges Human Rights Commission's Order in Road Accident Case -- High Court Quashes Commission's Recommendations as Exceeding Jurisdiction Under Protection of Human Rights Act

The Municipal Corporation of Greater Mumbai filed a writ petition challenging the order of Maharashtra State Human Rights Commission dated 19/1/2018 i...

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Bombay High Court Allows TDR Claim for Land Used for Development Plan Road in Pune. Land Not a Public Street Under Section 224 of Maharashtra Municipal Corporations Act, 1949, Hence Society Entitled to Consideration for TDR.

The petitioner, Shri Chhatrapati Rajaram Co-operative Housing Society Ltd., owned land bearing Survey No.682/A at Bibavewadi, Pune. A layout plan was ...

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WRIT PETITION NOS. 4564, 4565

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Supreme Court Grants Leave to Appeal Against High Court Order Upholding CLB's Condonation of Delay in Share Transmission Registration. Core Issue Revolves Around Interpretation of Section 58(3) of Companies Act, 2013 and the CLB's Inherent Powers to Apply Limitation Act Provisions.

The dispute centered on the condonation of a 249-day delay in filing an appeal under Section 58(3) of the Companies Act, 2013 before the Company Law B...