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High Court of Karnataka Adjudicates Commercial Appeal Under Section 37 of Arbitration and Conciliation Act, 1996. The Appeal Questions the Upholding of Arbitral Award Granting Remuneration and Indemnity Under Reconstitution Deed of Partnership Firm.

The present Commercial Appeal under Section 13(1A) of the Commercial Courts Act, 2015 read with Section 37(1)(c) of the Arbitration and Conciliation A...

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Supreme Court Dismisses Appeals by Appellants -- Upholds Committee of Creditors' Approval of Sarda Energy and Minerals Limited's Resolution Plan Under Insolvency and Bankruptcy Code, 2016 -- Doctrine of Commercial Wisdom Affirmed in Insolvency Resolution

The Supreme Court upheld the approval of a Resolution Plan by Sarda Energy and Minerals Limited (SEML) for SKS Power Generation (Chhattisgarh) Ltd. un...

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Bombay High Court Dismisses Section 34 Challenge Against Arbitral Order Granting Opportunity to Cure Resolution Irregularity. Order held not an interim award under Section 2(1)(c) of Arbitration and Conciliation Act, 1996 as it does not finally determine any issue.

The judgment concerns two petitions under Section 34 of the Arbitration and Conciliation Act, 1996, filed by the Petitioners (RA Group) challenging an...

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KAHC010026042017_1

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NCLAT Upholds Admission of CIRP Against Corporate Debtor Under Section 7 of IBC, 2016 — Asset Reconstruction Company Held to be Financial Creditor and Application Not Barred by Limitation.

The appeal was filed by the suspended director of M/s. Sri Pavana Keerthi Hotels India Private Limited (Corporate Debtor) against the order of the Nat...

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Madras High Court Allows Retired Conductor's Writ Plea for Interest on Delated Retirement Benefits. Court directs transport corporation to pay 6% per annum interest on belated terminal benefits from date of retirement to actual payment, following precedent.

The petitioner, a retired Conductor of the Tamil Nadu State Transport Corporation Tirunelveli Limited, filed a writ petition under Article 226 of the ...

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High Court Allows Special Civil Application for Continuity of Service Benefits -- Reinstated Workers Entitled to Government Resolution Benefits Despite Labour Court Award Silence on Continuity

The High Court of Gujarat allowed a Special Civil Application filed by seven petitioners who were reinstated by the Labour Court after termination of ...

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Bombay High Court Dismisses State Appeal in Land Acquisition Compensation Case — Interest on Enhanced Compensation Including Solatium Upheld. Reference Court's inclusion of solatium in calculating interest on enhanced compensation under the Land Acquisition Act, 1894 is legally valid.

The State of Maharashtra, through its Secretary and the Special Land Acquisition Officer, filed an appeal under the Land Acquisition Act, 1894, challe...

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Supreme Court Allows Appeal of SBI Consortium in Corporate Guarantee Dispute Under IBC. Corporate Guarantees Executed by Corporate Debtor Constitute Financial Debt Under Section 5(8) of IBC, 2016, and Are Enforceable Despite Timing and Stamping Objections.

The Supreme Court allowed the appeal filed by the Appellant Consortium against the order of the National Company Law Appellate Tribunal (NCLAT) which ...

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High Court of Bombay Hears Two Income Tax Appeals on Deduction Under Section 80-IA for Container Freight Stations. Substantial Questions of Law Include Whether CFS Qualifies as Inland Port and Scope of Assessment Under Section 153A.

The appeals before the High Court of Bombay arose from orders of the Income Tax Appellate Tribunal allowing deductions under Section 80-IA(4) of the I...