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Supreme Court Quashes NCLT Approval and NCLAT Judgment in Bhushan Power CIRP, Remands for Fresh Resolution Plan. Approved Plan Set Aside Due to Inordinate Delay, Illegal Extension Clause, Waterfall Violation, and Non-Compliance with IBC Provisions Including Sections 30, 31, and 53.

The Supreme Court adjudicated a batch of civil appeals under Section 62 of the Insolvency and Bankruptcy Code, 2016 (IBC) challenging the approval of ...

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Supreme Court Dismisses Appeal in Electricity Regulatory Dispute Over Tariff Determination. Appellate Tribunal and Regulatory Commission Orders Upheld as Power Purchase Agreements Were Properly Interpreted Under Section 63 of Electricity Act, 2003 and Statutory Guidelines.

The Supreme Court considered an appeal challenging the judgment and order dated 30th June 2021 passed by the Appellate Tribunal for Electricity, which...

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Bombay High Court Allows Gratuity Petition with Weekly Holidays Counted as Worked Days and Interest at 10%. Employee entitled to additional gratuity based on retrospective pay revision and interest for delayed payment under Payment of Gratuity Act, 1972.

The petitioner, Baban S/o Rama Khakale, a retired employee of Maharashtra State Farming Corporation Ltd., filed a writ petition challenging the judgme...

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Bombay High Court Upholds Arbitral Award Setting Aside Compensation Levy in Construction Contract Dispute. Levy of Compensation Under Clause 2 of GCC Invalid for Non-Compliance with Contractual Mechanism of Show Cause Notice and Quantification.

The judgment concerns two arbitration petitions arising from a construction contract between the General Manager, Heavy Water Plant (Manuguru) (petiti...

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Supreme Court Quashes High Court Orders Directing Payment of Subvention to a Medical College Under Interim Order Scheme; Holds Subvention Scheme Impliedly Unconstitutional After TMA Pai Foundation Decision and College Failed to Provide Evidence of Financial Shortfall.

The dispute arose from the denial of subvention payment by the Government of India to a medical college for students admitted up to the academic year ...